NVIDIA Corporation Announces Initial Public Offering of 3,500,000 Shares of Common Stock
SANTA CLARA, CA - JANUARY 22, 1999 - NVIDIA Corporation(TM) (NASDAQ: NVDA) announced today the initial public offering of 3,500,000 shares of common stock at a price of $12.00 per share. The offering was managed by Morgan Stanley Dean Witter & Co., Hambrecht & Quist LLC and Prudential Securities Incorporated. NVIDIA has granted the underwriters a 30-day option to purchase up to 525,000 additional shares of common stock to cover over-allotments, if any. The net proceeds to the Company from the offering will be used for general corporate purposes, including capital expenditures and working capital.
NVIDIA designs, develops and markets 3D graphics processors and related software that provide high performance interactive 3D graphics to the mainstream PC market.
Copies of the prospectus relating to this offering may be obtained from Morgan Stanley Dean Witter & Co., 1585 Broadway, New York, NY 10036, (212) 761-4000; Hambrecht & Quist LLC, One Bush Street, San Francisco, California 94104, (415) 439-3300; or Prudential Securities Incorporated, 111 8th Avenue, 5th Floor, New York, NY 10011, (212) 776-8190.
Note: This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sales of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state or jurisdiction.