Kaypro Stock

The Kaypro Corporation, a maker of portable computers, said yesterday that it had filed with the Securities and Exchange Commission an initial public offering of 5 million shares, to be made through Prudential Bache Securities Inc.

Kaypro was founded in 1952 as Non-Linear Systems Inc. For many years it produced test equipment for the aerospace industry and professionals in the electronics field. The company's first portable personal computer was introduced in June 1982.

The company indicated that its shares would be priced at $15 to $18.
(New York Times, June 6, 1983)

"Kaypro Corp. has begun an initial public offering of four million shares at $10 each, through Prudential- Bache Securities Inc."
(New York Times, August 26, 1983)

Where once investor appetite devoured a first-time stock issue with little concern for the size and price of the deal, the retreat in the stock market has lessened this hunger for new stocks. Now the initial offerings enter with fewer shares and lower prices.

Just last week the Kaypro Corporation, a manufacturer of portable computers, cut the size of its planned debut to 4 million shares from 5 million and dropped its tentative price to $10 a share from the $15-to-$18 range.
(New York Times, August 28, 1983)