Paris, France, July 17, 2000 - In an initial public offering, InfoVista SA
listed shares on the Nasdaq National Market (symbol IVTA) and Paris's
Nouveau Marché on July 7. In their first day of trading, the shares rose
approximately 200% on the Nasdaq.
InfoVista issued 6 million shares, priced at EUR12.80 ($12.23) per share and
representing 31.70% of the share capital after the offering. The offering,
which was significantly oversubscribed, was made through Lehman Brothers and
BNP Paribas as Joint Global Coordinators; BNP Paribas and Lehman Brothers
acted as Joint International Bookrunners.
"We are very pleased with the response from the investment community,"
commented InfoVista Chairman and Chief Executive Officer Alain Tingaud. "We
have international ambitions so we are happy to note that investors on both
sides of the Atlantic put their trust in us. We would like to thank everyone
who helped make this offering a success."
In the context of the offering, some InfoVista shareholders have also
granted Lehman Brothers, on behalf of the underwriters, the right to
purchase up to an additional 900,000 existing shares or ADSs to cover
This press release is not an offer of securities for sale in the United
States. The securities are being offered in the U.S. pursuant to a
prospectus containing financial statements and other detailed information
about the company and the management, copies of which may be obtained from
Lehman Brothers, c/o ADP, 536 Broadhollow Road, Melville, New York 11747,
Tel: +1(631) 254-7106 and from Paribas Corporation, 787 Seventh Avenue, New
York, New York 10019, Tel: +1(212) 841-3700.
InfoVista designs, develops and markets technologically advanced software
which monitors, analyzes and reports on the performance and quality of
service of information technology (IT) infrastructure. Active in the
software segment known as Service Level Management, InfoVista has over 285
end-users for its products, including telecommunications companies, Internet
service providers, outsourcers of IT services, application service
providers, financial services companies, multinational corporations and
other IT-intensive organizations. Web site: http://www.infovista.com
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