FYI - latest info from SEC filing from nasdaq.com
S-1/A filing as of 10/20/99:
We are offering 109,400,000 shares of our class B common stock. This is our initial public offering and no public market exists for our shares. We anticipate that the initial public offering price will be between $36 and $42 per share.
THE OFFERING
Class B common stock offered................ 109,400,000 shares
Common stock estimated to be outstanding im-
mediately after the offering:
Class A-1 common stock.................... 364,610,809 shares
Class A-2 common stock.................... 364,610,809 shares
Class A-3 common stock.................... 364,610,809 shares
Class B common stock...................... 109,400,000 shares
--------------------
Total................................... 1,203,232,427 shares
====================
Voting Rights:
Class A-1, A-2 and A-3 common stock....... Ten votes per share
Class B common stock...................... One vote per share
Use of Proceeds............................. Net proceeds from this offering
will be about $4.104 billion,
based on an assumed offering
price of $39.00 per share. We
intend to use the net proceeds to
fund a cash tender offer for some
of our class A-1 common stock. If
the tender offer price is $44.00
per share, we will repurchase
approximately 93.3 million shares
of class A-1 common stock, and
the number of shares outstanding
will be reduced by the same
number. See "Use of Proceeds" and
"Capitalization."
Dividends................................... Our board of directors' policy is
to declare dividends each year
out of current earnings. Our
board of directors expects to
continue to declare dividends on
our common stock after this
offering. The declaration of
future dividends is, however,
subject to the discretion of our
board of directors in light of
all relevant factors, including
earnings, general business
conditions and working capital
requirements.
Proposed NYSE symbol........................ UPS
Hope this helps. |
