Creative Computers Inc, Torrance, California direct marketer of hardware, software and peripherals for Apple Computer Inc personal computers, has filed to go public with an initial offer 2m new shares at a target price of between $14.50 and $16.50 per share. The underwriting group will be co-managed by William Blair & Co and Dillon Read & Co Inc.
Renaissance Solutions Inc, Washington management consulting and client-server systems supplier, has filed to go public with an initial offer of 1.85m shares, 1.4m of them new, and expects net proceeds of some $13.7m, which it plans to use to repay debt and for working capital. The underwriters for the issue are Hambrecht & Quist Inc and Cowen & Co.
Diamond Multimedia Systems Inc, San Jose maker of multimedia add-in subsystems for iAPX-86 personal computers, has filed with the US Securities & Exchange Commission to go public with an initial offer of 6.0m new shares, to raise an estimated $71m net to repay debt and for working capital. It it manages to secure more than $70m, most of the excess will go to redeeming some of its preferred stock. The underwriters for the offering are Montgomery Securities, Alex Brown & Sons Inc and Donaldson, Lufkin & Jenrette Securities Corp.
