November 27, 1996 10:45 AM ET
Forrester prepares IPO
By PC Week Staff

  As it prepares for its initial public offering, Forrester Research Inc. officials today said Forrester will sell its shares in the company at $16 apiece.

The company, which is offering 2 million common shares, earlier this fall said it would price the offering between $15 and $17.

In September, the computer research company, based in Cambridge, Mass., filed a registration statement for a $34.5 million initial public offering.

The company, which incorporated in 1983, earned $2 million on revenues of $14.6 million in 1995.

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