Cybergold announced Thursday that its initial public offering of 5,000,000 shares of common stock has been priced at $9 per share through underwriters led by SG Cowen Securities Corporation. Cybergold has granted underwriters SG Cowen Securities Corporation, CIBC World Markets Corporation, Volpe Brown Whelan & Company, and E*Offering Corporation an option to purchase up to 750,000 shares to cover over-allotments.
The common stock will begin trading on the NASDAQ National Market under the symbol “CGLD.”
Cybergold intends to use the proceeds from the offering to market and promote its brand as well as for general corporate purposes including working capital and capital expenditures.
Copies of the final prospectus related to the offering can be obtained from SG Cowen Securities Corporation at One Financial Square, 28th floor, New York, NY 10005, telephone: (212) 495-6000; CIBC World Markets Prospectus Department, World Financial Center, 200 Liberty Street, New York, NY 10281, telephone: (212) 667-7000; Volpe Brown Whelan & Company at One Maritime Plaza, 5th floor, San Francisco, CA 94111, telephone: (415) 274-4400; or E*Offering Corporation at One Market Street, Steuart Tower, 4th floor, San Francisco, CA 94105, telephone: (415) 618-6200.
Cybergold is a leading provider of Internet-based direct marketing and advertising solutions, including incentive programs which reward consumers with cash for their attention or specific response to ads and promotions. Cybergold’s business revolves around its Earn & Spend Community(TM), where its over 2.6 million members can use the incentive money they earn to buy digital content, services and products. The company’s pay-for-performance service offers advertisers and online merchants lower, more predictable customer acquisition costs. Cybergold consistently ranks among the 100 most visited web sites, according to PC Data Online. Cybergold’s partnerships include: Visa USA, MBNA, AOL, EarthLink, E*TRADE, Quintel and Autobytel. Headquartered in Oakland, California, Cybergold also has offices in Dallas, New York, and Washington D.C. It counts Intel (Nasdaq:INTC) among its corporate investors.Details