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California Pizza an IPO dish
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August 1, 2000: 5:58 p.m. ET
Restaurant chain raises $79.5 million; Entravision prices above range
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NEW YORK (CNNfn) - California Pizza Kitchen Inc. served up a $79.5 million deal when it priced its initial public offering Tuesday at the top of its expected range.
Los Angeles-based California Pizza Kitchen priced 5.3 million shares at $15 each, at the top of its $13-to-$15 per-share expected range, via underwriters led by Bank of America Securities LLC and Deutsche Banc Alex. Brown. The restaurant company owns or franchises about 100 casual dining establishments in 21 states.
Founded in 1985, the restaurant company offers more than just pizza with creative salads, soups, appetizers and deserts. California Pizza has also struck a deal with Kraft Pizza Co., a unit of Kraft Foods Inc., to distribute frozen pizzas through supermarkets and other retailers.
California Pizza plans to trade under CPKI.
Entravision Communications Corp. raised $759 million after pricing 46 million shares at $16.50 each, above its range of $15-to-$16, through underwriters Donaldson Lufkin & Jenrette and Credit Suisse First Boston. The company had raised its expected range from an original $13-to-$15.
The Santa Monica, Calif.-based Entravision Communications Corp. is a Spanish-language media company specializing in radio, television, publishing and billboards. Entravision will trade under EVC.
Another biotech
Genaissance Pharmaceuticals Inc. is the latest biotechnology company to launch an IPO. Genaissance sold 6 million shares at $13 each, the top of its expected range, through underwriters led by DB Alex. Brown. The company had planned to offer 6 million shares at $11-to-$13 each.
New Haven, Conn.-based Genaissance develops technology to apply population genomics research to develop new drugs. The company will trade under GNSC.
Opnet Technologies Inc., a provider of network management software, raised $52 million after pricing 4 million shares at $13 per share, the middle of its expected range, through underwriters led by Morgan Stanley Dean Witter. Price talk was 4 million shares at $12 to $14 each. The Washington-based Opnet plans to trade under OPNT.
Floware Wireless Systems Ltd., a fixed wireless local access system provider, raised $58.5 million after pricing 4.5 million shares at $13 per share, the top of its expected range, through underwriters led by Credit Suisse First Boston. Floware had estimated that its shares would price at $11-$13 per share. The Yehuda, Israel-based company will trade under FLRE.
Also expected to price late Tuesday was Graftech Inc., a developer of graphite-based products for the auto and industrial sealing markets. 
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