Hambrecht & Quist Group Inc of San Francisco has steeled itself to bring its pulled initial public offering to market on grounds that if it is too nervous to float itself, how can it persuade its high-tech charges to take the plunge. In its amended registration statement with the Securities & Exchange Commission, it now plans to sell up to 3.5m shares at between $15 and $17 a share to raise some $60m where earlier it had wanted $80m. The offering will be made through Hambrecht & Quist LLC, Mor gan Stanley & Co Inc and Smith Barney Inc.
Ingram Micro Inc, the big microcomputer products distributor, has filed to go public with an initial offer of 20m shares, all new, at a target price of $14 a share to repay outstanding debt. Lead underwriter for the issue is Morgan Stanley & Co Inc.
Unisys Corp, Blue Bell, Pennsylvania filed a shelf registration for up to $299m in debt securities and common and preferred shares. When combined with previous registrations, the company will have up to 500m of those securities available for sale. N et proceeds will be used for working capital or to reduce or refinance its still daunting debt burden.
