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By Hanah Cho and Hanah Cho,SUN REPORTER | May 15, 2008
Metastorm Inc., a privately held Baltimore software provider, said yesterday that it plans to sell public stock. The 12-year-old company filed a registration statement Tuesday with the Securities and Exchange Commission for an initial public offering. The company said it could raise as much as $86 million through the offering, according to the SEC filing. Metastorm, which provides software and other products that help businesses improve human and back-end processes and efficiency, has applied to list its common stock on the Nasdaq stock market under the ticker symbol MSTM.
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BUSINESS
By Peter H. Frank | January 15, 1991
The waiting game at MNC Financial Inc. continued yesterday as the troubled banking company delayed announcing whether it had made a a scheduled payment of $375 million owed to a syndicate of banks.Yesterday's deadline was for one of two big payments MNC is scheduled to make this week. MNC also is scheduled to make an additional payment today of $271 million to buy a series of variable-rate renewable notes that it sold to investors.Should MNC not be able to make the payments to the banks or investors, the holding company could be forced to file for protection under Chapter 11 of the U.S. Bankruptcy Code.
BUSINESS
By Mark Ribbing and Mark Ribbing,SUN STAFF | March 1, 2000
The past two days have been very good to shareholders of Aether Systems Inc. The Owings Mills companys shares rocketed $45.375 yesterday to close at $258.375. Those pyrotechnics followed a gain of $39.25 per share Monday. This 49 percent two-day rise has been caused in no small part by the same factor that has caused Aethers stock value to rise 16-fold since its Oct. 21 initial public offering -- investors fascination with technologies that allow people to tap into todays torrent of information anywhere, anytime.
BUSINESS
By Stacey Hirsh and Stacey Hirsh,SUN REPORTER | March 6, 2007
Columbia network security company Sourcefire Inc. is expected to go public later this week, hoping to raise as much as $77.3 million to fund growth. Sourcefire plans to offer 5.77 million shares for between $12 and $14 per share, according to documents filed with the Securities and Exchange Commission last week. Of those, 450,000 shares are being offered by stockholders and 5.32 million are for new shares of the company's common stock. The company's stock will trade on the Nasdaq stock market under the ticker symbol FIRE.
BUSINESS
By Thomas Easton and Thomas Easton,New York Bureau of The Sun | June 16, 1991
New York -- Need money?Commercial banks may be credit-crunching, but investment +V banks are raising cash at a record-breaking pace. It is Wall Street in textbook form, providing resources for companies that can make a case they deserve it.Reflecting the manic shifts of attitudes of the financial markets, the new mood has even showered fresh resources on companies that were despised as recently as last fall. On Thursday, USF&G, the embattled Baltimore-based insurer that is attempting a revival under new management, raised $190 million in a convertible preferred stock offering.
BUSINESS
By Julie Bell and Julie Bell,SUN STAFF | December 13, 2000
GenVec Inc., faced with what one analyst described as a "do-or-die" situation, pushed ahead yesterday with its initial public offering despite weak demand that forced the company to settle for tens of millions of dollars less in proceeds than initially planned. The Gaithersburg developer of gene therapies grossed about $38 million from the sale of 4 million shares, but only after slashing the offering price for the second time in two days. Presuming a standard underwriting fee of 7 percent, GenVec likely will net only about $35 million - well below the $54.6 million it had targeted at first.
BUSINESS
By Jane Applegate and Jane Applegate,1991 Los Angeles Times Syndicate Times Mirror Square Los Angeles, Calif. 90053 | June 10, 1991
Like many small-business owners, Elizabeth Gillenwater-Gould relied on family funds to launch her children's designer-clothing business. But when her brothers were no longer able to support the venture, she knew she had to look beyond her kin for capital.Designs by Egg baby and children's clothes sell in better department stores around the country. Gillenwater-Gould, who started the business in the basement of her Colorado Springs home four years ago, designs the clothes. Her younger brother handles the sales and marketing efforts, leaving her to concentrate on the fashion end of the business.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,SUN STAFF | February 16, 1997
Jeong H. Kim built his company on an obscure technology called ATM. No, this ATM is not an automated teller machine. But it will let him make more trips to the bank than most people could ever imagine.That's because the 36-year old former Navy submarine officer and Johns Hopkins-trained engineer took his 4-year-old company public Feb. 5 in the midst of an historic initial public offering boom. When he did, Yurie Systems Inc. of Lanham turned out to be one of the top initial public offerings of the young year.
BUSINESS
By JULIUS WESTHEIMER | May 22, 1996
ALTHOUGH the Dow Jones industrial average edged off yesterday from Monday's record close, the blue-chip indicator stands this morning 12 percent above its Jan. 1 level -- on top of last year's 33 percent surge.HAPPY BIRTHDAY! Speaking of the Dow, the 30-stock blue-chip indicator marks its 100th birthday Sunday.It was preceded in 1884 by an 11-stock average in a two-sheet typewritten, hand-distributed flier -- forerunner of the Wall Street Journal -- called "The Customer's Afternoon Letter."
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | September 25, 2012
KEYW Holding Corp., a Hanover-based defense contractor, on Tuesday said it intends to sell 7.4 million shares at a public offering of $11.75 per share in an effort to raise money to pay down debt and to fund a recent corporate acquisition. The company raised its offering from last week, when it said it intended to sell 6.5 million shares. The publicly traded company, which counts the National Security Agency and other Department of Defense agencies as customers, said this month it intended to acquire Poole & Associates Inc., of Annapolis Junction, for $126 million in cash and stock.
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