TriZetto Raises $55.5M in Secondary Offering
TriZetto Prices Public Offering
June 14, 2001 - The TriZetto® Group, Inc. (TZIX) announced today that it has priced a public offering of 6,000,000 shares of its common stock at $9.25 per share before underwriting discounts. TriZetto is selling 5,520,000 of the shares, and certain existing stockholders of TriZetto are selling 480,000 of the shares.
Bear, Stearns & Co. Inc. and UBS Warburg LLC are serving as lead managers in the offering, and Salomon Smith Barney, Inc. is serving as co-manager. TriZetto and the selling stockholders have granted the underwriters a 30-day option to purchase up to 900,000 shares of common stock to cover over-allotments.
A registration statement relating to these securities has been filed with and has been declared effective by the Securities and Exchange Commission. A copy of the final prospectus related to the offering may be obtained by contacting Bear, Stearns & Co. Inc., at 245 Park Avenue, New York, New York 10167, (212) 272-2000.
The TriZetto® Group, Inc., is a healthcare information technology and services company headquartered in Newport Beach, California. TriZetto can be reached at (949) 719-2200, http://www.trizetto.com.