PcOrder.com Inc, an Austin, Texas-based company that develops internet-based e-commerce software, has filed for an initial public offering of common stock. In a filing with the Securities and Exchange Commission, the company said it was looking to offer an unspecified number of shares worth up to $35m. The 150-strong company, a spinoff of sales automation software house Trilogy Software Inc, provides software designed to help computer suppliers, resellers and end-users to buy and sell computer products online. It posted a 1997 net loss of $1.1m on revenue of $10.6m, while losses for the first six months of this year amounted to $980,000 on revenue was $9.6m. Lead underwriter for the offering is Goldman, Sachs & Co, with Credit Suisse First Boston and SG Cowen also in on the action. The company has just signed a deal with distribution giant Ingram Micro Inc which will see it license PcOrder technology and content to link the buyers, sellers and assemblers of major PC manufacturers – including Compaq Computer Corp, IBM Corp, Hewlett-Packard Co – through a single electronic commerce system. After the offering, PcOrder’s shares will trade on the Nasdaq exchange under the proposed symbol PCOR.
