printCafe IPO ... Again

Software company files for initial public offering for the second time

Pittsburgh  February 14, 2002  Solution provider Printcafe Software this week filed with the Federal Securities Commission to make an initial public offering, almost two years after the private company first sought to go public.

The company, formerly operating as printCafe, provides software solutions designed for the printing industry supply chain.

According to the filing, the company will offer as much as $75 million in common stock through the offering. printCafe said in a statement that it intends to use the proceeds from the offering to repay debt and for working capital and general corporate purposes.

The filing did not specify the number of shares being offered or their price range.

printCafe first filed for an IPO in March 2000, shortly before the bubble burst, drying up investment markets. The company withdrew its IPO in June 2001.

The company reported in January that it had raised $39.6 million in private investment from existing investors and that it planned to use those funds for working capital purposes and to repay existing debt, including the company's obligations stemming from its April 2000 acquisition of Logic Associates.

In January, printCafe said it had raised over $160 million in equity and long-term debt since its founding in January 2000.