|Monday, October 30, 1995||< Prev||Next >|
SEATTLE, Oct. 30 /PRNewswire/ — Visio Corporation announced today that it filed with the Securities and Exchange Commission on October 24 an amendment to a registration statement on Form S-1 originally filed on September 15, 1995, relating to the initial public offering of up to 2,470,000 shares of its common stock, which takes into account the effect of a 3-for-2 stock split effective October 17, 1995. Of the total shares offered, 2,100,000 shares are being offered by the company and 370,000 are being offered by certain selling shareholders. It is currently estimated that the initial public offering price will be between $11 and $13 per share, after taking into account the effect of the 3-for-2 stock split. A registration statement relating to the common stock has been filed with the Securities and Exchange Commission but has not yet become effective.
The common stock 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 the common stock in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.
Visio Corporation is a leading supplier of business drawing and diagramming software. The Seattle-based company released Visio 1.0 in November 1992. Since then, Visio has released additional Windows-based drawing and diagramming products designed for business and technical users. The company markets the Visio product line in North America, Europe and Asia.
NOTE: Visio is a registered trademark of Visio Corp. Windows is either a registered trademark or trademark of Microsoft Corp. in the United States and/or other countries.
/CONTACT: Leslie Deitz of Visio Corporation, 206-521-4500/
CO: Visio Corporation ST: Washington IN: CPR SU: OFR
JL-JC — SE018 — 6434 10/30/95 19:40 EST