|Friday, November 10, 1995||< Prev||Next >|
SEATTLE, Nov. 10 /PRNewswire/ — Visio Corporation (Nasdaq: VSIO) announced today the public offering of 2,470,000 shares of Common Stock at $16 per share. 2,100,000 of the shares are being sold by the Company and 370,000 shares are being sold by certain selling shareholders. The stock began trading today on the Nasdaq National Market under the trading symbol VSIO. The lead underwriter for the offering is Alex Brown & Sons Incorporated and the co-managing underwriter is Bear Stearns & Co. Inc. The Company has granted the underwriters a 30-day option to purchase 370,500 additional shares of Common Stock to cover over-allotments.
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.
/NOTE TO EDITORS: Visio Corp.'s press releases are available at no charge through PR Newswire's Company News On-Call fax service and on PRN's Web site. For a menu of Visio Corp.'s press releases or to retrieve a specific release, call 800-758-5804, extension 107036, or http://www.prnewswire.com/cnoc/exec/menu?107036 on the Internet/
/CONTACT: Leslie Deitz of Visio Corporation, 206-521-4500/
CO: Visio Corporation ST: Washington IN: CPR SU: OFR
JF-JL — SE004 — 1123 11/10/95 16:35 EST