Short Take: Liberate sets IPO price
Liberate Technologies, formerly known as Network Computers, established its initial public offering at $11 to $13 per share and said it will sell 6.25 million shares, meaning it could raise $81.25 million, according to Dow Jones. The Redwood Shores, California, company, which makes set-top box and server software for cable TV and telecom firms, counts America Online, General Instruments, and Philips Electronics as customers.
Liberate Technologies, formerly known as Network Computers, established its initial public offering at $11 to $13 per share and said it will sell 6.25 million shares, meaning it could raise $81.25 million, according to Dow Jones. The Redwood Shores, California, company, which makes set-top box and server software for cable TV and telecom firms, counts America Online, General Instruments, and Philips Electronics as customers.