04.116.2006 - Corel Corporation Announces Pricing of Initial Public Offering

Corel Corporation today announced that it has priced its initial public offering of 6,500,000 common shares at US $16.00 (CDN $18.11) per share. The offering includes 5,000,000 common shares to be sold by Corel and 1,500,000 common shares to be sold by certain selling shareholders. Corel and the selling shareholders have granted the underwriters the right to purchase up to an additional 975,000 common shares to cover over-allotments. The offering is expected to close on or about Tuesday May 2, 2006 and is subject to the satisfaction of customary closing conditions. Corel's common shares will trade on the NASDAQ under the symbol CREL and on the Toronto Stock Exchange under the symbol CRE. - View Press Release - Visit Corel Corporation