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Autobytel.com inc. Announces Initial Public Offering of Common Stock
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| Irvine, CA--March 26, 1999-- |
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| Updated |
Jun 10, 2004 22:41:08 |
| Rating |
 16 ( -2 -12.5% ) |
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Description:
Autobytel.com inc. (Nasdaq: ABTL) today announced the initial public offering of 4,500,000 shares of its common stock at an initial public offering price of $23.00 per share. Of these shares, 3,500,000 shares are being sold by the Company and 1,000,000 shares are being sold by certain stockholders.
The selling stockholders also granted the underwriters of the initial public offering an option to purchase up to an additional 637,500 shares to cover over-allotments.
The initial public offering is being managed by BT Alex. Brown, Lehman Brothers, and PaineWebber, Inc.
This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any State. |
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