Cerplex Plans 3.2-Million-Share Offering
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Cerplex Inc., which operates computer repair centers, said Tuesday it plans to raise $31.4 million in an initial public offering to finance acquisitions.
The Irvine company said it expects to issue 3.2 million shares at $13 to $15 each. The offering will be underwritten by investment banks Donaldson, Lufkin & Jenrette and Montgomery Securities. Besides acquisitions, the company will use the money to retire debt and pay for general corporate purposes.
The stock will be traded on Nasdaq under the CPLX symbol.
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