Burgerking,
In response to your post, and as a discussion item...
While I am very impressed w/ Digital River's business and technology, I do wonder whether the IPO will be as hot as everyone on this thread thinks. According to info below, they only have a couple of million in revenue and 75 employees (in 1997). Promising business model and neat technology and a Who's Who of customers does not necessarily mean killer IPO (at double the offering price, as everyone here expects) unless there are decent revenues and profit potential.
Can't really compare to the BCST IPO. They are a portal with all sorts of programming lined up, including pro sports, which they got at a song. This is in the Internet commerce arena, which has never been as strong. COOL's debut might be a better indication of things to come. (Egghead's number were el' stinko tonight.)
BTW, I don't think this environment is necessarily bad for Internet IPO's. A good story can always buck the trend.
Digital River, Inc.
indicates features for Hoover's Online Members only.
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
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 |
