SAN JOSE, Calif., June 24 /PRNewswire/ -- CyberSource Corporation (Nasdaq: CYBS), a leading developer and provider of real-time e-commerce transaction services, today announced that it has priced its initial public offering of 4,000,000 shares of its common stock at $11.00 per share. These shares began trading today on the Nasdaq National Market under the trading symbol CYBS. CyberSource is offering all of the common stock.
( Photo: http://www.newscom.com/cgi-bin/prnh/19990513/CYBRSOURCELOGO )
The shares will be offered by an underwriting group lead managed by Merrill Lynch & Co. and co-managed by J.P. Morgan & Co., PaineWebber Incorporated and C.E. Unterberg, Towbin. CyberSource has granted the underwriters an option to purchase an additional 600,000 shares of its common stock to cover over-allotments, if any. The underwriters may exercise this option within 30 days following the pricing of the offering.
A copy of the final prospectus related to this offering may be obtained from:
Merrill Lynch & Co.
Attn: Final Prospectus Department
44 B Colonial Drive
Piscataway, New Jersey 08854
Telephone: 732-885-2760
J.P. Morgan & Co.
Attn: Equity Capital Markets
60 Wall Street
New York, New York 10260
Telephone: 212-648-1236
PaineWebber Incorporated
Attn: Prospectus Department
1000 Harbo Boulevard
Weehawken, New York 07087
Telephone: 201-902-3000
C.E. Unterberg, Towbin
Attn: Syndicate Office
10 East 50th Street
22nd Floor
New York, New York 10022
Telephone: 800-538-7003
About CyberSource
CyberSource is a leading developer and provider of real-time e-commerce transaction services. Through its CyberSource Internet Commerce Suite, it offers services to online merchants for global payment processing, fraud prevention, tax calculation, export compliance, territory management, delivery address verification and fulfillment management. More than 400 customers have chosen to use CyberSource services. CyberSource's customers include Beyond.com, BUY.COM, Compaq Computer, Egghead.com, Fawcette Publications, Remedy and Shopping.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
For more information visit http://www.cybersource.com or email to info@cybersource.com.
NOTE: CyberSource is a U.S. registered trademark. CyberSource Internet Commerce Suite is a service mark of CyberSource Corporation. All other brands and product names are trademarks or registered trademarks of their respective companies.
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