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April 18, 1994


By CBR Staff Writer

XcelleNet Inc, Atlanta developer of software for client-server systems, got its initial publoc offering of 2m shares, 1.5m of them new, away at $11 a share. The company, which supplies software to organisations with large distribution networks such as banks and retailers, said it went public to gain more market presence and not to raise capital since it is virtually debt free. Underwriters were Alex Brown & Sons and Robertson, Stephens & Co.

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