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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. | ||||||||||||
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