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Handspring IPO set at 10 mln shares, $19-$22 each

Wed May 17, 2000 - 12:31 PM EDT - By Marcus Adolfsson



Handspring today said its initial public offering would comprise 10 million common shares priced at $19 to $22 a share.

Handspring plans to use the proceeds -- about $190.2 million -- for general corporate purposes, including working capital, according to a filing with the Securities and Exchange Commission.

Handspring initially filed the IPO prospectus at the end of March. It disclosed the terms of the offering for the first time on Wednesday.

It has applied for a Nasdaq listing under the symbol ``HAND'' (Nasdaq:HAND - news). The IPO is being handled by Credit Suisse First Boston, Merrill Lynch, Donaldson Lufkin & Jenrette and U.S. Bancorp Piper Jaffray.

If there is a big demand for the 10 million shares, the underwriters have an option to buy 1.5 million more shares.

Handspring will have more than 125 million common shares outstanding after the offering.


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