Littleton, MA, Nov 17, 2005 Marketwire/Dover Saddlery Inc. announced today revised terms for its upcoming IPO. The estimated price range has been lowered from $12.00-$16.00 per share to $10.00-$14.00 per share. The shares to be offered by the company in the offering have been increased by 250,000 shares and the aggregate number of shares sold in the offering will now be 2,750,000 shares. Dover Saddlery is planning to go public using the OpenIPO® process, an online auction. Please see below for details of how to order a prospectus.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of the securities. The offering is only made in the prospectus.
The shares to be offered are being offered by the company and by a group of selling shareholders.
Number of shares 2,750.000.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication 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 state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Managing underwriter WR Hambrecht + Co. Copies of the prospectus may be obtained from WR Hambrecht + Co. at www.wrhambrecht.com or by writing to WR Hambrecht + Co, 555 Lancaster Avenue, Berwyn, PA 19312 or by calling 1-800-673-6476.