Edison Schools Completes Initial Public Offering On November 11, 1999, Edison Schools completed its initial public offering of 6,800,000 shares of class A common stock at $18 per share. Total proceeds were $122.4 million. The shares are trading on the Nasdaq National Market under the trading symbol "EDSN". The managing underwriters of the offering are Merrill Lynch, Pierce, Fenner & Smith Incorporated, Banc of America Securities LLC, Credit Suisse First Boston Corporation, Donaldson, Lufkin & Jenrette Securities Corporation, and J.P. Morgan Securities Inc, and their respective foreign affiliates. Edison has granted the underwriters an option to purchase up to an additional 1,020,000 shares of class A common stock to cover over-allotments. Copies of the final prospectus relating to the offering may be obtained from Merrill Lynch & Co., World Financial Center, North Tower, NY 10281-1325, telephone (212) 449-1000, Bank of America Securities LLC, 600 Montgomery Street, San Francisco, CA 94111, telephone (415) 627-2000, Credit Suisse First Boston, 11 Madison Avenue, New York, NY 10010, telephone (212) 325-8070, Donaldson, Lufkin & Jenrette, 277 Park Avenue, New York, NY 10172, telephone (212) 892-3000 and J.P. Morgan & Co., 60 Wall Street, New York, NY 10260, telephone (212) 483-2323. This news item shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Back to News...