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Juniper Networks Announces Initial Public Offering

June 25, 1999

Mountain View, CA - June 25, 1999 — Juniper Networks, Inc., a provider of Internet backbone routers, today announced the initial public offering of its common stock on the Nasdaq National Market under the trading symbol JNPR.

The initial public offering price for the 4,800,000 shares in common stock offered by the company and selling stockholders is $34 per share. These shares of common stock do not include the over-allotment option granted to the underwriters. The offering is being managed by Goldman, Sachs & Co., Credit Suisse First Boston, BancBoston Robertson Stephens and Dain Rauscher Wessels, a division of Dain Rauscher Incorporated.

A registration statement relating to these securities was declared effective yesterday by the Securities and Exchange Commission. 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 such offer, solicitation, or sale would be unlawful under the securities laws of any such state or jurisdiction.

A copy of the Prospectus relating to the offering may be obtained from the Prospectus Department of Goldman, Sachs & Co., at 85 Broad Street, New York, NY 10004, 212-902-1000, or from the Prospectus Department of Credit Suisse First Boston, at 11 Madison Avenue, New York, NY 10010, 212-325-2580.

About Juniper Networks, Inc.

Juniper Networks is a provider of next-generation Internet backbone routers that are designed to meet the scalability, performance, density and compatibility requirements of rapidly evolving, optically-enabled IP networks. The company's purpose-built M40 Internet backbone router uses JUNOS software, ASICs, and line-rate performance to provide an Internet solution for service providers. The M40 router is used by some of the world's leading Internet service providers.

Juniper Networks service, manufacturing teams, and Internet engineers support the M40 router. The company is headquartered in Sunnyvale, California*, with international offices in Leatherhead, UK, and Tokyo, Japan. For more information on Juniper Networks, please contact the company at 408-745-2000 or visit the Web site at http://www.juniper.net.

Juniper Networks is a trademark of Juniper Networks, Inc. All other trademarks are property of their respective companies.

 

Susan Ursch
Juniper Networks
Phone: 978-589-0124
sursch@juniper.net

Randi Paikoff Feigin
Juniper Networks
Phone: 408-745-2371
randi@juniper.net




 

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