Applix IPO Prospectus Reveals Revenues, Strategies, Salaries
PRODUCTS AND VENDORS
Since it went public late last year, Applix Inc. saw its price on the Nasdaq Stock Market Inc. rise to $15 from an initial public offering of $10 a share. Applix -- whose revenues were on pace to grow by 40 percent last year -- plans to use the $13 million plus it anticipates netting from the IPO for working capital and other general corporate purposes, including potential acquisitions.
In going public, the software vendor has revealed details of its strategy for selling systems to technology
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