SHARE & BOND ISSUES

Software Professionals Inc, San Mateo, California got its initial public offering of 1m shares away at $5.50 a share, and will use net proceeds for product development, repayment of outstanding debt and expansion of distribution channels. Some of the cash is also expected to be used to acquire software products or businesses offering complementary products or consulting services. Underwriters were L H Alton & Co and Laidlaw Equities Inc.

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