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 Investment Bank is providing a EUR 718 million strong support for rail transport, electricity distribution as well as energy efficiency and renewable energy in Turkey.
more »
The European Investment Bank (EIB) has approved a EUR 150 million loan for expanding the Port of Barcelona. EIB Vice-President Carlos da Silva Costa and the Chairman of the Barcelona Port Authority, Jordi Valls, signed the finance contract in Catalonia’s capital.
more »
The extent to which hedge funds should be regulated is one of the key issues facing MEPs on the Economic and Monetary Affairs Committee.
more »
The European Investment Bank (EIB) is lending CZK 2 billion (approx. EUR 73 million) to the Municipality of Plzen (West Bohemia) to implement priority urban regeneration schemes identified in the city’s 2004 Development Plan.
more »
High-speed rails, supporting indigenous people's rights, protecting nature and wildlife, student loan facilities, construction and refurbishment of hospitals and reduction of industrial pollution are just a few projects supported by the European Investment Bank.
more »
The European Commission has authorised, under EC Treaty state aid rules, €14.3 million of aid, which the Slovak authorities intend to grant to Volkswagen Slovakia, belonging to the Volkswagen AG, for the transformation of an existing plant in Bratislava.
more »
MEPs began acting on their new Lisbon Treaty power to co-decide fisheries policy with Member States on 1 December - the day the treaty took effect - with a Fisheries Committee indicative vote on three legislative proposals.
more »
With seasons’ holidays approaching DnB NORD Bankas will offer better cash exchange rates for Great Britain’s pounds, Swedish, Norwegian and Danish krones until 31st December.
more »
The European Investment Bank (EIB) today agreed to provide a EUR 40m loan to FirstRand Bank to promote energy efficiency and renewable energy projects across South Africa.
more »
The European Commission has today approved an application from Lithuania for assistance under the European Globalisation adjustment Fund (EGF).
more »