From BRCM's latest 10-Q dated 11/13/1998:
Initial Public Offering: In April 1998, the Company completed its initial public offering (the "Offering") of 4,025,000 shares of its Class A Common Stock. Of these shares, the Company sold 3,120,000 shares (including 355,000 shares issued in connection with the exercise of the underwriters' over-allotment option), and selling shareholders sold 905,000 shares (including 170,000 shares in connection with the exercise of the underwriters' over-allotment option), at a price of $24 per share. In addition, the Company sold 500,000 shares of Class A Common Stock to Cisco Systems, Inc. ("Cisco Systems") in a concurrent registered offering that was not underwritten, at a price of $22.32 per share. The Company received aggregate net proceeds from the Offering and the sale of shares to Cisco Systems of approximately $79.2 million in cash (net of underwriting discounts and commissions and estimated offering costs). Upon consummation of the Offering, all outstanding shares of the Company's Convertible Preferred Stock were automatically converted into an aggregate of 8,453,517 shares of Class B Common Stock.
Follow-on Public Offering: In October 1998, the Company completed a follow-on public offering of 3,450,000 shares of its Class A Common Stock. Of these shares, the Company sold 470,000 shares (including 77,500 shares in connection with the exercise of the underwriters' over-allotment option), and selling shareholders sold 2,980,000 shares (including 372,500 shares in connection with the exercise of the underwriters' over-allotment option), at a price of $69 per share. The Company received net aggregate proceeds of approximately $30.6 million after deducting underwriting discounts and commissions and estimated offering costs. The net proceeds from the follow-on public offering have not been included in the accompanying balance sheet at September 30, 1998.
In October 1998, the Company completed an underwritten follow-on public offering. Of the 3,450,000 shares of Class A Common Stock offered, the Company sold 470,000 shares and selling shareholders sold 2,980,000 shares, at a price of $69 per share. The Company received net aggregate proceeds from the follow-on offering of approximately $30.6 million after deducting underwriting discounts and commissions and estimated offering costs.
The number of shares of the registrant's Common Stock, $0.0001 par value, outstanding as of November 11, 1998: 10,375,996 shares of Class A Common Stock and 34,245,739 shares of Class B Common Stock.
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