Omnicell IPO Raises $42 Million
New York, Aug 07, 2001 (123Jump via COMTEX) -- Pharmacy and supply systems
maker Omnicell Inc. (OMCL), the week's first initial public offering, is
expected to debut on the Nasdaq Tuesday after the company priced its deal at the
low end of expectations Monday.
Omnicell priced 6 million shares at $7 each, at the bottom of its projected $7
to $9 price range. The company had originally filed with a range of $8 to $10
per share, but cut it last month.
US Bancorp Piper Jaffray was the lead underwriter on the offering.
The IPO raised $42 million. Proceeds will be used for sales and marketing,
research and development, customer support, debt repayment, working capital and
general corporate purposes.
The company first filed to go public in April 2000, but failed to get the IPO
out of the door at the time and withdrew it. Omnicell refiled for an IPO in
March this year. Palo Alto, Calif.-based Omnicell provides procurement and
inventory management systems for some 1,100 hospitals, nursing homes, and other
health care facilities.
The company's automation systems include computerized cabinets that help track
regulatory compliance and the dispensation of pharmaceuticals and supplies.
Omnicell also offers Web-based procurement software to streamline supply chains.
Founded in 1992, Omnicell has not yet become profitable. For fiscal 2000,
revenues rose 20% to $64.2 million, while net loss fell 19% to $22.6 million.
Prudential IPO on Track for Q4
The road to an initial public offering of Prudential Financial Inc. is now
smoother after the company's policyholders approved the insurer's
demutualization plan.
Nearly 92% of Prudential policyholders voted to approve the company's plan to
convert from a mutual funds company owned by its policyholders to a public
company owned by shareholders.
The 125-year-old U.S. life insurer, which also offers annuities, a real estate
brokerage, property and casualty insurance, and investment management, plans to
convert from member to stock ownership through a full demutualization process.
The company aims to launch an IPO in the fourth quarter of 2001. To go ahead
with the public listing, Prudential still needs the nod of the New Jersey
Commissioner of Banking and Insurance.
Newark, N.J.-based Prudential, one of the largest financial services
institutions in the United States and one of the top insurers worldwide, filed
with the Securities and Exchange Commission for its long-awaited IPO in April.
Prudential plans to sell 89 million shares, or about 16% of the company, to the
public. The new issue could raise $3.9 billion and rank among the largest U.S.
initial public offerings.
With 543.6 million shares outstanding after the offering and an estimated issue
price of $30 per share, Prudential may have an initial market value of about $16
billion.
Goldman Sachs and Prudential Securities have been selected to manage the
offering. Underwriters have an over-allotment option to buy 13.35 million
shares.
Prudential plans to trade on the New York Stock Exchange under the ticker symbol
PRU.
Prudential is one of a spate of demutualizing insurers. Last year, its
competitors John Hancock Financial Services Inc. (JHF) and MetLife Inc. (MET)
successfully completed huge IPOs.
Principal Financial Group (proposed ticker: PFG) also plans demutualization and
public flotation for late summer or early autumn this year.
CONTACT: For more information, contact 123Jump.com, Inc.
Send email to: info@123jump.com
Or, visit 123Jump at: 123jump.com
All Rights Reserved. (c) Copyright: 2001 123jump.com, Inc.
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New York, Aug 07, 2001 (123Jump via COMTEX) -- Pharmacy and supply systems
maker Omnicell Inc. (OMCL), the week's first initial public offering, is
expected to debut on the Nasdaq Tuesday after the company priced its deal at the
low end of expectations Monday.
Omnicell priced 6 million shares at $7 each, at the bottom of its projected $7
to $9 price range. The company had originally filed with a range of $8 to $10
per share, but cut it last month.
US Bancorp Piper Jaffray was the lead underwriter on the offering.
The IPO raised $42 million. Proceeds will be used for sales and marketing,
research and development, customer support, debt repayment, working capital and
general corporate purposes.
The company first filed to go public in April 2000, but failed to get the IPO
out of the door at the time and withdrew it. Omnicell refiled for an IPO in
March this year. Palo Alto, Calif.-based Omnicell provides procurement and
inventory management systems for some 1,100 hospitals, nursing homes, and other
health care facilities.
The company's automation systems include computerized cabinets that help track
regulatory compliance and the dispensation of pharmaceuticals and supplies.
Omnicell also offers Web-based procurement software to streamline supply chains.
Founded in 1992, Omnicell has not yet become profitable. For fiscal 2000,
revenues rose 20% to $64.2 million, while net loss fell 19% to $22.6 million.
Prudential IPO on Track for Q4
The road to an initial public offering of Prudential Financial Inc. is now
smoother after the company's policyholders approved the insurer's
demutualization plan.
Nearly 92% of Prudential policyholders voted to approve the company's plan to
convert from a mutual funds company owned by its policyholders to a public
company owned by shareholders.
The 125-year-old U.S. life insurer, which also offers annuities, a real estate
brokerage, property and casualty insurance, and investment management, plans to
convert from member to stock ownership through a full demutualization process.
The company aims to launch an IPO in the fourth quarter of 2001. To go ahead
with the public listing, Prudential still needs the nod of the New Jersey
Commissioner of Banking and Insurance.
Newark, N.J.-based Prudential, one of the largest financial services
institutions in the United States and one of the top insurers worldwide, filed
with the Securities and Exchange Commission for its long-awaited IPO in April.
Prudential plans to sell 89 million shares, or about 16% of the company, to the
public. The new issue could raise $3.9 billion and rank among the largest U.S.
initial public offerings.
With 543.6 million shares outstanding after the offering and an estimated issue
price of $30 per share, Prudential may have an initial market value of about $16
billion.
Goldman Sachs and Prudential Securities have been selected to manage the
offering. Underwriters have an over-allotment option to buy 13.35 million
shares.
Prudential plans to trade on the New York Stock Exchange under the ticker symbol
PRU.
Prudential is one of a spate of demutualizing insurers. Last year, its
competitors John Hancock Financial Services Inc. (JHF) and MetLife Inc. (MET)
successfully completed huge IPOs.
Principal Financial Group (proposed ticker: PFG) also plans demutualization and
public flotation for late summer or early autumn this year.
CONTACT: For more information, contact 123Jump.com, Inc.
Send email to: info@123jump.com
Or, visit 123Jump at: 123jump.com
All Rights Reserved. (c) Copyright: 2001 123jump.com, Inc.
ipo´s funktionieren ja doch noch...
guten abend
Zick-Zack
