PITTSBURGH, Dec. 10 /PRNewswire/ -- FreeMarkets, Inc. today announced its
initial public offering of 3.6 million shares of its common stock at an
offering price of $48 per share. FreeMarkets has granted the underwriters an
option to purchase an additional 540,000 shares to cover over-allotments, if
any. All shares will be sold by the company.
Goldman, Sachs & Co. and Morgan Stanley Dean Witter are acting as joint
book-running managing underwriters for the offering; and Donaldson, Lufkin &
Jenrette and Wit Capital Corporation are acting as co-managing underwriters.
Copies of the prospectus relating to the offering may be obtained from the
prospectus departments of both Goldman, Sachs & Co., 85 Broad Street, New
York, NY, 10004 and Morgan Stanley Dean Witter, 1585 Broadway, New York, NY,
10036.
A registration statement relating to these securities has been filed with
the Securities and Exchange Commission and has been declared effective by the
Commission. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities, nor shall there be any sale of
the securities in any state or jurisdiction in which such offer, solicitation
or sale would be unlawful under the securities laws of any such state or
jurisdiction.
FreeMarkets creates customized business-to-business online auctions for
buyers of industrial parts, raw materials and commodities. Since 1995, the
company has created online auctions for more than 30 clients in over
50 product categories, including injection-molded plastic parts, commercial
machinings, metal fabrications, chemicals, printed circuit boards, corrugated
packaging and coal. More than 2,000 suppliers from over 30 countries have
participated in the company's online auctions.
SOURCE FreeMarkets, Inc.
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Related links:
http://www.freemarkets.com
CONTACT:
Karen Kovatch, Senior Manager, Corporate
Communications, of FreeMarkets, 412-297-8767
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