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Simplex IPO raises $48M
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May 1, 2001: 8:25 p.m. ET
Software firm Simplex sells 4M shares at $12 each, Briazz raises just $16M
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NEW YORK (CNNfn) - Simplex Solutions Inc., the year's second technology IPO, topped out late Tuesday by raising $48 million, while Briazz Inc. raised $16 million, pricing at the bottom of its range.
Simplex sold 4 million shares at $12 via lead underwriter Credit Suisse First Boston. Simplex had planned to offer 4 million shares at $10 to $12 each. The company will trade Wednesday under the Nasdaq symbol "SPLX."
Sunnyvale, Calif.-based Simplex provides software and services for customers such as Sun Microsystems (SUNW: Research, Estimates), Texas Instruments Inc. (TXN: Research, Estimates) and Toshiba to test integrated circuit designs.
Briazz sold 2 million shares at $8 each via lead underwriter WR Hambrecht. The company had planned to price between $8 to $12 each. The company will trade under the Nasdaq symbol "BRZZ."
Seattle-based Briazz operates 40 cafes in San Francisco, Chicago, Los Angeles, as well as Seattle, where it sells its sandwiches, salads and soups. The company had $6.3 million in losses on $33.7 million in sales last year. 
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