5198 W. 76th St.
Edina, MN 55439
Phone: 612-830-9042
Fax: 612-830-1154
Web Site: digitalriver.com
IPO
INFORMATION
Filing date: June 12, 1998
Expected IPO date: TBA
Proposed ticker: DRIV
Exchange: Nasdaq
Offering amount: (mil.): $40.3
Underwriters: BT Alex. Brown;
BancAmerica Robertson
Stephens
Hype:
"The opportunity to spend money is only a point and
click away for cyber-consumers on the Digital River. The
company provides electronic commerce services to
software publishers and online retail clients, including
the creation of Web stores, data mining (used in market
research), and merchandising services. Digital River
maintains a database of more than 100,000 software
products sold and delivered on its electronic software
delivery system. The company also has services for
fraud prevention, export control, and online registration.
The more than 1,350 clients currently riding the Digital
River include Lotus Development, Corel, and Cyberian
Outpost. President and CEO Joel Ronning owns 25% of
the company. "
Key People:
CEO: Joel A. Ronning
CFO: Robert E. Strawman
Key Numbers:
Fiscal Year-End: December 1997
Sales (mil.): $2.5
1-Yr. Sales Change: 2,127.0%
1997 Income (mil.): $(3.5)
Employees: 75 |
