Pure Software – Products, Competitors, Financials, Employees, Headquarters Locations
Announces Initial Public Offering Of Common Stock
SUNNYVALE, Calif.–(BUSINESS WIRE)–Aug. 2, 1995–Pure Software Inc. (NASDAQ: PRSW) today announced its initial public offering of 2,750,000 shares of common stock at $17.00 per share. Of these shares, 2,000,000 shares were offered by the company and 750,000 shares were offered by the selling stockholders. Morgan Stanley & Co. Incorporated acted as lead manager for the offering and Wessels, Arnold & Henderson, L.L.C. acted as co-manager. The company expects to receive approximately $31,000,000 in net proceeds, which will be used for working capital and general corporate purposes. The company’s shares are listed on the Nasdaq National Market under the symbol PRSW. Pure Software develops, markets and supports a comprehensive, integrated suite of software products that are designed to enable the production of reliable, high-quality software and improve the software development process. A prospectus relating to this offering may be obtained from Morgan Stanley & Co. Incorporated, 1251 Avenue of the Americas, New York, New York 10020; or Wessels, Arnold & Henderson, L.L.C., 901 Marquette Avenue, Minneapolis, Minnesota 55402. -0-
Note to Editors: Pure Software is a U.S. registered trademark of Pure Software Inc. and the Pure Software logo is a U.S. trademark of Pure Software Inc. CONTACT: Pure Software Inc.
