IPO Update: OnDisplay soars, C-Bridge and eGreetings also debut

Daily Newsletters

Sign up to ZDNet UK's daily newsletter.

NEWS
The company, which makes software that makes existing computer applications Internet-ready, earlier this week more than doubled the price range from the original $11 to $13 per share. The offering of 3.5 million common shares is being underwritten by Robertson Stephens, Deutsche Banc Alex. Brown and SG Cowen. For the nine months ended September 30, OnDisplay lost $9.8m on revenue of $4m, compared to a net loss of $5.8m on revenue of $1.8m for the same period in 1998. Most of that revenue came from software licenses and service fees from one suite of products, CenterStage. Three products were recently added to CenterStage. Other offerings that rolled out Friday: C-Bridge Internet Solutions closed up 24 1/16, or 150 percent, to 40 1/16 after it priced shares at $16 each, above their upwardly revised range of $12 to $14 a share. The e-business consultant raised its price range of its 4 million shares on offer from the original estimate of $8-$10 per share. After the offering there would be about 17.3 million shares outstanding in the company. The company racked up net loss of $2.9m on revenue of $13.8m for the nine months ended September 30, compared to net loss of $3.4m on revenue of $3.2m for the same period in 1998. The company is likely to do well based on the success of similar services companies that have made IPOs this year, but it is entering a crowded field; C-Bridge currently competes for client assignments and experienced personnel with companies such as Agency.com, iXL, Modem Media.Poppe Tyson, Razorfish and Viant, the company said in its filings with the SEC. Underwriters of the IPO include Robertson Stephens, SG Cowen and SoundView Technology Group. eGreetings Networks closed up only 9/16 to 10 9/16 after it priced 6 million shares at the top of an $8 to $10 range. Revenue for the nine months ending September 30 were $1.5m with a loss of $22 million. EGreetings gets most of its revenue from advertising and direct marketing, although its largest advertiser recently left. eGreetings' largest shareholder Gibson is currently being acquired. EGreetings relies on Gibson Greetings for about 36 percent of its content. American Greetings, Inc. in a deal announced in November, however, is acquiring Gibson. American Greetings also is the parent company of AmericanGreetings.com, which competes with eGreetings. Once American Greetings is done acquiring Gibson, American Greetings may decide it doesn't want to own shares of a competitor. American Greetings could buy eGreetings outright or dish it off to another company. Lead underwriter for the deal is Credit Suisse First Boston. Robertson Stephens and USB Piper Jaffray are co-managers. See techTrader for more technology investment news, plus quotes and research.

Post your comment

In order to post a comment you need to be registered and logged in.

You can also log in with Facebook. Log in or create your ZDNet UK account below

  • Login

Will not be displayed with your comment

By signing up for this service, you indicate that you agree to our Terms and Conditions and have read and understood our Privacy Policy. Questions about membership? Find the answers in the Community FAQ

Get ZDNet UK's daily newsletter

Enter your email address to sign up

ZDNet UK Live

Moley

@kevinmchapman. OK, I acknowledge that 'most' was a gratuitous throwaway comment as an afterthought and too presumptuous. As to proof, as you...

3 hours ago by Moley on A tale of two distros: Ubuntu and Linux Mint
Jack Schofield

@BrownieBoy > Works really well for thieves.... >> Nice attempt to deflect the argument by tossing in a point that's totally >> irrelevant, even...

4 hours ago by Jack Schofield on AMD Ultrathins to challenge Intel Ultrabooks
raskolnikof

fantastic that the so called piracy bills have been withdrawn. however, these anti-democracy supporters are still in the shadows so lets be alert...

5 hours ago by raskolnikof on SOPA, Protect IP support wavers in face of online protest
Tony Douglas

Please God no; teach them anything you like - thinking rationally, the uses and misuses of data, what data is and what it's not - but leave the...

7 hours ago by Tony Douglas via Facebook on Kids are the future. Teach ’em to code.
BrownieBoy

@Jack, > Works really well for thieves.... Nice attempt to deflect the argument by tossing in a point that's totally irrelevant, even it were...

22 hours ago by BrownieBoy on AMD Ultrathins to challenge Intel Ultrabooks
bootlegger

Make that 13 people now - I got refused today at Manchester airport. I thought I was up to date on this legislation - I knew of the EU ruling from...

1 day ago by bootlegger on UK airport body scans will not be opt out
tinycg

Don't forget to check out apps like GoodReader or SlideShark either, they're indispensible for people on the go in presentation situations. Best...

1 day ago by tinycg on Four top iPad apps for people on the move
TerryRK

Well it seems there is something a number of us agree on. Why is the Ubuntu Unity launcher so ugly? I thought perhaps it was something to do with...

1 day ago by TerryRK on A tale of two distros: Ubuntu and Linux Mint
Freebies202

Duplicate comments are not made intentionally. Its very good to know that now you are keeping check on this problem because sometimes a commenter...

2 days ago by Freebies202 on Microsoft fixes blog comments, speeds up blogs with open source
kevinmchapman

"the very significant number of users" and "many (most) of us" - you have no evidence for these statements. It is a fact that most users are saying...

2 days ago by kevinmchapman on A tale of two distros: Ubuntu and Linux Mint
Marg Menzies Harrison

Another grammar faux pas is the improper use of "you". When sitting down down in a restaurant, for example, I get cringe when the waitress...

2 days ago by Marg Menzies Harrison via Facebook on 10 flagrant grammar mistakes that make you look stupid
zdnetukuser

And NOW, folks, for Canonical's next trick... Kubuntu is late. Here's a pencil. Draw your own conclusions. cf.:...

2 days ago by zdnetukuser on Linux Minterface
Moley

@kevinmchapman. The discussion here reflects the very significant number of users who really do like the traditional menu system and who wish to...

2 days ago by Moley on A tale of two distros: Ubuntu and Linux Mint
kevinmchapman

Er, no... It is an efficient means of finding the application/file/setting you need in one place. The icons are a simply a fallback for when you...

2 days ago by kevinmchapman on A tale of two distros: Ubuntu and Linux Mint
TerryRK

Isn't the provision of a text based search an admission by the developers that the mass of icons approach does not work? I don't need to use a...

2 days ago by TerryRK on A tale of two distros: Ubuntu and Linux Mint
kevinmchapman

"Unity and GNOME 3 both abandon the old text-based cascading menus in favour of a graphical icon-driven system." Point truly missed. Both use a...

2 days ago by kevinmchapman on A tale of two distros: Ubuntu and Linux Mint
TerryRK

whs001 - Thank you, I'm glad you liked the article. I absolutely agree with you on your first point. I should perhaps have made it clearer that...

2 days ago by TerryRK on A tale of two distros: Ubuntu and Linux Mint
Dennis Nilsson

If we allow corporate interest to dictate the way our government circumvents due process against foreign entities then we should accept the same...

2 days ago by Dennis Nilsson via Facebook on ACTA stumbles in Germany
GHar123

I totally dislike pirating of works, I fear that artists will be deterred from creating works if they think that they are going to get ripped off....

2 days ago by GHar123 on ACTA stumbles in Germany
JCB33

How dare film makers, artists or anybody that invests in creativity stop us pirating their works for free. I want to be able to walk into my local...

3 days ago by JCB33 on ACTA stumbles in Germany