Company News
Traffic.com Announces Pricing of Initial Public Offering
January 25, 2006
Wayne, PA— Traffic.com, Inc. (NASDAQ: TRFC) announced today the pricing of its initial public offering of 6,550,000 shares of its common stock at a price to the public of $12.00 per share. All of these shares are being offered by the Company. In addition, the underwriters have been granted a 30-day option to purchase 982,500 additional shares to cover over-allotments, if any, including 829,392 Company shares and 153,108 shares held by existing stockholders. Traffic.com’s common stock will trade on the Nasdaq National Market under the symbol “TRFC.”
WR Hambrecht + Co led the offering, which was made through WR Hambrecht + Co’s OpenIPO® auction-based process. JMP Securities LLC was co-manager of the offering.
A copy of the prospectus relating to the offering may be obtained by going to WR Hambrecht + Co’s Web site at www.wrhambrecht.com, by calling 1-800-673-6476 or by writing to WR Hambrecht + Co, 555 Lancaster Ave., Berwyn, PA 19312.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on January 24, 2006. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
about
Traffic.com is a leading provider of accurate, real-time traffic information in the United States, based on the quality of its traffic data and the extent of its geographic coverage. Traffic.com offers detailed traffic information, including specific speeds, travel times and delay times. A sophisticated traffic information management system allows Traffic.com to process information in real-time and deliver customized reports to large numbers of radio, television, Internet, wireless and in-vehicle navigation system users. Traffic.com provides traffic information for 35 of the largest metropolitan areas in the United States, in such cities as Boston, Chicago, Houston, Los Angeles, New York, Philadelphia, San Diego and San Francisco. Traffic.com’s data services customers include The Weather Channel®, Motorola's VIAMOTO™ Solutions, XM Satellite Radio and XM NavTraffic for the Acura RL and Cadillac CTS.
Investor Contact: Bruce Boyle, (610) 407-3417, bboyle@traffic.com
Media Contact: Joan Silver, (610) 407-7400 x. 2115, jsilver@traffic.com