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23.06.2004 – 17:02

Salesforce AG Announces Initial Public Offering


    (BW)(CA-SALESFORCE.COM)(CRM) Announces Initial
    Public Offering; Shares to Trade on the New York Stock Exchange
    Under Ticker Symbol ''CRM''
    Business Editors/High-Tech Writers, inc. (NYSE:CRM) today announced the initial public
offering of 10,000,000 shares of its common stock at a price of
$11.00 per share. has also granted the underwriters an option to
purchase an additional 1.5 million shares of common stock to cover
over-allotments, if any.'s common stock will begin
trading this morning on the New York Stock Exchange under the symbol
      Morgan Stanley is serving as the sole book runner for the
offering, with Deutsche Bank Securities, UBS Investment Bank,
Wachovia Securities and William Blair & Company acting as the
co-managers of the offering. A copy of the final prospectus relating
to the offering may be obtained from Morgan Stanley, Attn: Prospectus
Department, 1585 Broadway, New York, NY 10036-6775, tel.
212-761-6775, or
    A registration statement relating to this offering was filed with
and declared effective by the Securities and Exchange Commission. The
offering is being made solely by means of a prospectus. This press
release shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of these securities in
any state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
ots Original Text Service:


Joelle Fitzgerald, 415-536-6250 (Investor Relations) Jane Hynes, 415-901-5079 (Public Relations)

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