Internet services firm Lante Corp filed last week with the Securities and Exchange Commission for an initial public offering of common stock worth up to $50m. The Chicago-based company has yet to determine the number of shares to be offered or their eventual selling price. Credit Suisse First Boston will act as lead manager for the offering, with Deutsche Banc Alex Brown, Thomas Weisel Partners LLC and Friedman Billings Ramsey on board as co-managers. Lante booked net income of $1.6m in 1998 on revenue of $15.4m. Dell Computer Corp holds and 8.9% pre-IPO stake in the company, according to the regulatory filing.
Meanwhile, San Francisco-based DigitalThink Inc, which provides internet-based learning software, has filed for an IPO worth up to $75m. It provided no information on the number of shares to be sold, or their offering price. Credit Suisse First Boston Corp will act as the lead underwriter of the offering group, which also includes Hambrecht & Quist LLC and BancBoston Robertson Stephens. In the filing, the company claimed that over 180 customers are currently using its software to launch online courses, including Cisco Systems Inc, Intel Corp and Sun Microsystems Inc. DigitalThink booked roughly $3.3m in revenue and posted about $6m in net losses during the six months ended September 30.
