Tales From The IPO Document NAB Paid Infinity $1.9 Mil In 1994
VENDOR STRATEGIES
Infinity Financial Technology, founded in 1989, is preparing to go public in a move that should raise California-based derivatives and risk software vendor over $25 million. While the IPO stands to yield a bundle of cash for the firm's founders, the IPO document released recently certainly reveals plenty of details about the vendor's business that were previously undisclosed.
For one, it puts the revenues Infinity earned from National Australia Bank in 1994 at about US$1.9 million, or 15 percent
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