Nuance to Raise $100 Million in Public Offering
Wade Roush6/5/08
Burlington, MA-based speech software company Nuance Communications said today that it will sell 5,575,000 shares of common stock to the public at $18.15 per share in an offering that will close on June 10. If sole underwriter Thomas Weisel Partners exercises an option to buy additional shares, the offering could pull in as much as $115 million for the company, money it plans to use for including “working capital and to fund possible investments in and acquisitions of complementary businesses, partnerships, minority investments, products or technologies,” according to an announcement.
Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.
