Autonomy Corp. said Tuesday it was listing some $200 million of shares on Nasdaq to help boost the British software company's profile in the United States.
Published:
9 May 2000 y., Tuesday
Autonomy said it would list 2.2 million shares from Wednesday at $124 per share, a thin discount to Monday's $127 mid-price close on the pan-European high-tech Easdaq in Brussels, its only home to date.
Chief Executive Mike Lynch told that U.S. clients preferred to deal with companies listed there and found Easdaq ''a bit exotic.'' Some 880,000 shares are a new issue that will raise $109 million for the company, which uses pattern-matching algorithms drawing on information technology, probability theory and arcane maths to help computers ``understand'' unstructured human prose. Lynch said the money would be used partly to expand into southeast Asia and Latin America. The rest of the stock is being sold by existing shareholders including Lynch, Britain's first Internet-related billionaire who said he disposed of shares worth some $30 million but still owns about a fifth of the five-billion-dollar company. Autonomy, based in the university city of Cambridge which is surrounding itself with high-tech industry, has seen its share price rise by 160.8 percent so far this year, outperforming the Easdaq market by 121.2 percent. It has shared the bumpy ride for technology stocks, hitting a peak of $218 earlier this year before wallowing as low as $46.25.
Šaltinis:
Autonomy Corp.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Commission has authorised under EU state aid rules a €550 million capital injection and a €400 million guarantee in favour of the Austrian bank BAWAG. P.S.K. The Commission found the measures to be in line with EU state aid rules.
more »
EUROSTAT has reported that the sharpest annual decrease in hourly labour costs of -10.9% was observed in Lithuania in the 3rd quarter of 2009.
more »
Statistics Lithuania informs that, according to the Labour Force Survey data, the number of the unemployed in III quarter 2009 made 228.1 thousand.
more »
What has come to be termed as the "Great Recession" seems to have come to an end in the third quarter of 2009.
more »
The European Commission has authorised, under EU State aid rules, a measure adopted by Lithuania to limit the adverse impact of the current financial crisis on exporting firms.
more »
The schedule of Vilnius International Airport (VIA) is supplemented with 3 more new directions; the airline company airBaltic starts regular flights to Paris today, to Munich tomorrow, and to Berlin on Monday.
more »
The Governing Council of the European Central Bank (ECB) has decided to start the main construction works for its new premises in spring 2010.
more »
AB Bank SNORAS was granted the award from NASDAQ OMX Baltic Stock Exchange for the jubilee 15-year listing of the bank’s shares on NASDAQ OMX Vilnius Stock Exchange.
more »
Parex banka has established a subsidiary, SIA NIF, which will professionally manage assets that are not related to the Bank’s core business.
more »
Mariann Fischer Boel, European Commissioner for Agriculture and Rural Development, today put forward a plan to ensure that Greece will put in place the systems necessary to allow EU aid payments to be made to farmers.
more »