Jacksonville, Florida – (The Hosting News) – November 3, 2005 – Website building and website design company, Website Pros, Inc., has announced the pricing on its initial public offering of 6,800,000 shares of its common stock. The price to the public has been set at $10 per share.
4,800,000 shares sold were offered by Website Pros and 2,000,000 were offered by selling stockholders. The underwriters have been granted a 30-day option to purchase up to an additional 720,000 shares of common stock by Website Pros and an additional 300,000 shares by selling stockholders at the initial public offering price to cover over-allotments, if any.
Website Pros shares will be listed on the Nasdaq National Market under the symbol, “WSPI”. Friedman, Billings, Ramsey and Co., Inc. is acting as sole book-runner and lead manager for the offering. Piper Jaffray and Co. and RBC Capital Markets Corporation are acting as co-managers for the offering.
The offering of the securities is made only by means of a prospectus, copies of which, when available, may be obtained from Friedman, Billings, Ramsey and Co., Inc. at 1001 Nineteenth Street North, 18th Floor, Arlington, VA 22209.
Website Pros is a leading provider of web services and products that enable small and medium-sized businesses to establish, maintain, promote, and optimize their Internet presence.
To learn more about Website PRos, please visit: www.websitepros.com.