Feb 25, 2004 : Internap Confirms Public Offering Plans

📅 February 25, 2004 - Internap Network Services Corporation (internap.com -> inap.com) confirmed on Tuesday that it intends to make a public offering of 45,816,536 shares as previously announced. The company, a provider of performance-based routing services, filed a registration statement with the US securities and exchange commission for its proposed public offering on January 13, 2004.

Internap said that out of the 45,816,536 shares of its common stock to be sold in its proposed public offering, Internap will sell 35,000,000 newly issued shares and selling stockholders will sell the other 10,816,536 shares.
In addition, Internap said that it will grant the underwriters an over-allotment option to purchase up to an additional 5,747,480 shares of common stock, and the selling stockholders will grant the underwriters an option to purchase up toan additional 1,125,000 shares of common stock, to cover over-allotments, should there be any.
The company said that recent reports indicating the company intended to make an offering of up to 100,000,000 shares were incorrect.