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Seeweekly news
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2005-11-04 |
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Website Pros Goes Public |
Announces an IPO of 6,800,000 shares of its common stock at a price of $10 per share to the public.
Website Pros, a provider of web services, on November 1, 2005, announced the pricing of its initial public offering of 6,800,000 shares of its common stock at a price of $10 per share to the public.
Of the shares sold in the offering, 4,800,000 were offered by Website Pros and 2,000,000 were offered by selling stockholders. The underwriters have been granted a 30-day option to purchase up to an additional 720,000 shares of common stock by Website Pros and an additional 300,000 shares by selling stockholders at the initial public offering price to cover over-allotments, if any. The shares will be listed on the Nasdaq National Market under the symbol, 'WSPI'.
Friedman, Billings, Ramsey & Co., Inc. is acting as sole book-runner and lead manager for the offering. Piper Jaffray & Co. and RBC Capital Markets Corporation are acting as co-managers for the offering. The offering of the securities is made only by means of a prospectus, copies of which, when available, may be obtained from Friedman, Billings, Ramsey & Co., Inc. at 1001 Nineteenth Street North, 18th Floor, Arlington, VA 22209.
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