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Article: Exodus Communications Announces Early Release of 800,000 Shares of Common Stock From Lock-up.
- Article from:
- Business Wire
- Article date:
- July 28, 1998
CopyrightCOPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SANTA CLARA, Calif.--(BUSINESS WIRE)--July 28, 1998--Exodus Communications(TM), Inc. (NASDAQ:EXDS) announced that effective August 3, 1998 Goldman, Sachs & Co., lead underwriter of Exodus'(TM) initial public offering, will release the lock-up restrictions on an aggregate of 800,000 shares of Exodus Common Stock that apply to certain of its stockholders.
These shares will be available for sale on such date, subject to the resale restrictions of the federal securities laws, including the limitations of Rule 144 under the Securities Act of 1933, as amended. Exodus made its initial public offering of 5,125,000 shares of Common Stock (including the underwriters' ...