NetObjects Inc, Redwood, California-based provider of e-commerce software has filed with the Securities and Exchange Commission for an initial public offering of its common stock worth up to $70m. The company said it expects that the offering will be completed in the first or second quarter of this year. No other information on the number of shares, the price or the pricing date was disclosed in the filing. BT Alex Brown will act as the lead underwriter of the offering, with BancBoston Robertson Stephens and Piper Jaffray Inc also in on the action. The company’s shares will eventually trade on the Nasdaq National Market under the symbol NETO. The filing also revealed that the 153-person company saw a net loss last year of $22.2m on revenue of $15.3m.
Content from our partners
