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ClearCommerce Corp. may be the first Austin company to jump into the fray of the public stock markets following several tumultuous weeks that saw technology stocks take a beating.
The e-commerce transaction software maker is still at least two weeks away from pricing its stock and selling it on the Nasdaq, but it appears to be further along in the process than Applied Science Fiction Inc. and Introgen Therapeutics Inc., two other Austin companies that filed to go public earlier this year.
The markets have experienced some of their largest ups and downs in the past month. The Nasdaq index, which is heavy with technology companies, had four of its five largest singleday point gains and losses ever in April. The index dipped from an all-time high of 5,132 points in early March to about 3,200 in about a month.
In Securities and Exchange Commiss
ion documents filed in late April, ClearCommerce says it plans to offer up to $57.5 million worth of its stock. Underwriters include CS First Boston, Chase Hambrick & Quist and SG Cowen.
ClearCommerce develops software used by e-commerce companies to process...