<EVEREX SYSTEMS INC> FILES FOR INITIAL OFFERING
Everex Systems Inc said it has
filed for an initial public offering of 5,950,000 common
shares, including 4,950,000 to be sold in the U.S. and one mln
overseas.  Lead underwriters are Goldman, Sachs and Co and
Shearson Lehman Brothers Holdings Inc <SHE>.
    The company said it will sell four mln of the shares and
shareholders the rest and the initial offering price is
expected to be 10 to 12 dlrs per share.  Company proceeds will
be used for financing accounts receivable and inventory and
repaying bank debt.
    Everex makes personal computer peripheral equipment.
 Reuter
