Information Services Group, Inc. Completes Initial Public Offering
February 06 2007 - 2:09PM
PR Newswire (US)
STAMFORD, Conn., Feb. 6 /PRNewswire/ -- Information Services Group,
Inc. (AMEX:III), announced today that it has completed its initial
public offering. The initial public offering consists of 32,343,750
units priced at $8.00 per unit, including 4,218,750 units issued
upon exercise of the underwriters' over-allotment option, raising
gross proceeds of $258,750,000 to the Company. Each unit consists
of one share of common stock and one warrant. Commencing on
February 12, 2007, holders of the units may elect to separately
trade the common stock and warrants included in the units. The
units not separated will continue to trade on the American Stock
Exchange under the symbol III.U, and each of the common stock and
the warrants will trade on the American Stock Exchange under the
symbols III and III.WS, respectively. Located in Stamford, CT,
Information Services Group is a newly organized company formed to
acquire one or more operating businesses through a merger, stock
exchange, asset acquisition, reorganization or similar business
combination. The Company intends to focus its efforts on the
information services industry, including business, media, marketing
and consumer information opportunities. The lead underwriter for
the offering was Deutsche Bank Securities with Morgan Joseph and
Lazard Capital Markets acting as co-managers. Kaye Scholer LLP
served as counsel for Information Services Group and Kramer Levin
Naftalis & Frankel LLP represented the underwriters. A
registration statement related to these securities was filed with
the Securities and Exchange Commission and declared effective by
the SEC on January 31, 2007. The offering is being made only by
means of a prospectus, copies of which may be obtained by writing
to the Deutsche Bank Securities Prospectus Department, 1251 Avenue
of the Americas, 25th Floor, New York, N.Y. 10020. This press
release shall not constitute an offer to sell or a solicitation of
an offer to buy, nor will there be any sale of these securities in
any state or jurisdiction in which such an offer, solicitation, or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction. About
Information Services Group, Inc. Information Services Group, Inc.
was founded in 2006 to seek an acquisition in the information
services industry. The company is seeking an acquisition in areas
such as business, media and consumer information; advisory, data
and marketing services; market research; internet-based information
and other segments of the information services industry.
DATASOURCE: Information Services Group, Inc. CONTACT: Barry Holt,
+1-203-517-3110, +1-203-517-3100,
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