This is my pick for a supper hot IPO. Good Rev, Deep biz plan, Great underwriters and selling group. All in all a
good package.
This a data communications company
INFONET SERVICES CORPORATION 2100 EAST GRAND AVENUEEL SEGUNDO, CA 90245Phone: (310)335-2600 infonet.com
Company Vitals
1999 Revenue: $302,997,000
1999 Net Income (Loss): $4,675,000
Fiscal Year End: 05/31
Employees:824
Incorporated In: DELAWARE
Offering Status
Current IPO Status:Filed
Filing Date:10/12/99
Exp. Pricing Date:12/15/99
Proposed Symbol: IN
Exchange: NYSE
Form Filed: S-1
Max. Offering Amount: $1,000,000,000
Expected Price: $18.00 to $21.00
Est. Offering Expenses: *TBA*
Total Shares: 51,282,300
SIC Code:
7374 - Data processing and preparation
Lead Underwriter: Merrill Lynch & Co.
Underwriters
Role Name
Lead Manager Merrill Lynch & Co.
Lead Manager Warburg Dillon Read LLC
Supporting Companies
Role Name
Issuer's Law Firm Latham & Watkins
Underwriter's Law Firm Simpson Thacher & Bartlet
Auditor Deloitte & Touche LLP Underwriters
This is a leading provider of cross-border managed data communications services to more than 1,150 corporations worldwide, including 29% of the top 500 corporations in Business Week's 1998 Global 1000. It owns and operate The World Network, a seamless and versatile Asynchronous Transfer Mode, or ATM, network that can be accessed from over 180 countries, making it one of the world's largest data networks in terms of geographic coverage.
Use of Proceeds
They intend to use the net proceeds of the offering to develop and expand network infrastructure and for
working capital and other general corporate purposes. They will not receive any proceeds from the sale of Class B
common stock by the selling stockholders. |
