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Allaire files registration with SEC for proposed offering

Published on .

Cambridge, Mass.--Allaire Corp., a developer and marketer of Web software for businesses, has filed a registration statement with the Securities and Exchange Commission for a proposed offering of up to 2.25 million shares of common stock. Based on Friday's closing price of $49.88, the shares would be worth about $112 million. The proposed sale's proceeds may be used to bankroll b-to-b marketing and sales efforts, according to an Allaire Corp. statement. Credit Suisse First Boston, New York, will handle the offering.
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