Inet Technologies, Inc. Announces Initial Public
28.05.1999, 08:14
Offering of Common Stock Plano, Texas (PROTEXT) - Inet Technologies, Inc. (Nasdaq:INTI) announced today its initial public offering of 5,750,000shares of its common stock at a price of $16.00 per share. Of the shares being offered, Inet is selling 3,766,870 sharesand selling stockholders are selling 1,983,130 shares. The sharesare being offered through U.S. and international underwriters ledby Goldman, Sachs & Co., Dain Rauscher Wessels and Hambrecht &Quist. The underwriters have a 30-day option to purchase up to862,500 additional shares of Common Stock to cover over-allotments, if any. The net proceeds of the offering are currently expected to beused for working capital and general corporate purposes,including possible acquisitions. Founded in 1989, Inet provides solutions that enabletelecommunications carriers to more effectively design, deploy,diagnose, visualize, monitor and manage communications networksthat carry signaling information used to manage telephone calls.Inet's products also address the fundamental business needs oftelecommunications carriers, such as improved billing, targetedsales and marketing, fraud prevention and enhanced call routing.Inet is headquartered in Plano, Texas and has approximately 400employees. A copy of the final prospectus may be obtained from Goldman,Sachs & Co., Prospectus Department, 85 Broad Street, New York,New York 10004, 212-902-1000. ots Original Text Service: InetTechnologies, Inc. Internet: http://www.newsaktuell.de Contact:Kevin Keough Vice President of Marketing of Inet Technologies,Inc. Tel.:(in the USA) 972-578-6178 Company News On-Call:http://www.prnewswire.com/comp/122654.html or fax, 800-758-5804,ext. 122654 Web site: http://www.inet.com
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