Convergent Files for IPO

Has filed a registration statement with the SEC for an IPO of its common stock, led by Credit Suisse First Boston

September 29, 2000

1 Min Read

Lowell, Mass. -- Convergent Networks, Inc. announced today that it has filed a registration statement with the Securities and Exchange Commission for an initial public offering of its common stock. All shares will be offered by Convergent Networks. Credit Suisse First Boston is acting as lead manager of the offering, with J.P. Morgan and U.S. Bancorp Piper Jaffray acting as co-managers. The proceeds of the offering are expected to be used for general corporate purposes, including working capital. The offering includes shares that the underwriters will have an option to purchase from Convergent Networks solely to cover over-allotments, if any.

Convergent Networks is a leading provider of broadband voice infrastructure products for the new public network. The company designs, develops and markets a new generation of carrier-class switching equipment and software that enable service providers to deliver voice and data services over broadband networks.

When available, a copy of the preliminary prospectus relating to the offering can be obtained by contacting Credit Suisse First Boston at Eleven Madison Avenue, New York, NY 10010, (212) 325-2000.

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