Desktop Data Sells Itself Ahead Of IPO


Desktop Data Inc., seller of the Newsedge news management system, has released a preliminary prospectus for the public offering of 2,000,000 shares of its common stock. The vendor will use the estimated $18.1 million in proceeds to increase equity capital and to create a public market for its common stock. Following the offering, Desktop Data's directors and executive officers will own just shy of 50 percent of the company. Among other news to emerge in the preliminary prospectus was the fac

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