| about | | |
news | | |
investors | | |
contact | | |
login |
|
|
|||||||||
|
||||||||||
|
||||||||||
|
Contact: John Roberts FOR IMMEDIATE RELEASE
Arbinet Files for Initial Public OfferingNew Brunswick, NJ – July 9, 2004 – Arbinet-thexchange, Inc. (Arbinet) announced today that it has filed a registration statement with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. The shares being offered are to be sold by the Company and by certain selling stockholders. The underwriters for this offering will be Merrill Lynch & Co., acting as sole book-running manager, and SG Cowen & Co., William Blair & Company, Perseus Group, LLC and Advanced Equities, Inc., acting as co-managers. The number of shares to be offered and the price range for the offering have not yet been determined. The offering will be made only by means of a prospectus. A copy of the preliminary prospectus may be obtained, when available, from Merrill Lynch & Co., Prospectus Department, 4 World Financial Center, New York, NY 10080; or 212-449-1000. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Arbinet Arbinet is the leading electronic market for trading, routing and settling communications capacity. Members of our exchange, consisting primarily of communications service providers, anonymously buy and sell voice calls and Internet capacity based on route quality and price through our centralized, efficient and liquid marketplace. Members place orders through our web-based interface. Our fully-automated, highly-scalable trading platform matches these orders using our proprietary software and delivers them through our state-of-the-art facilities. Arbinet was founded in 1996 as Smartgroup Holdings, Inc. and changed its name to Arbinet-thexchange in 2002. It is headquartered in New Brunswick, New Jersey. 120 Albany St. Tower II, Suite 450, New Brunswick, NJ
08901 # # # |
|
|
