| Ticker: | ISCA | 1801 West International Speedway Boulevard | |
| Exchange: | NASDAQ-National Market | Daytona Beach, Florida 32114 | |
| Industry: | Service | (904) 254-2700 |
| Type of Shares: | Class A Common Shares | Filing Date: | 9/6/96 | |
| U.S. Shares: | 4,000,000 | Offer Date: | 11/4/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $15.00 - $17.00 | |
| Primary Shares: | 4,000,000 | Offer Price: | $20.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.20 | |
| Offering Amount: | $64,000,000 | Selling: | $0.72 | |
| Expenses: | $700,000 | Reallowance: | $0.10 | |
| Shares Out After: | 38,423,890 |
| Manager | Tier | Phone |
| Smith Barney Inc. | Lead Manager | (718) 921-8473 |
| Raymond James & Associates, Inc. | Co-manager | (813) 573-8108 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 8/31/96 | 8/31/96 | ||||
| Revenue: | $96.04 | Assets: | $152.79 | ||
| Net Income: | $19.68 | Liabilities: | $46.12 | ||
| EPS: | $0.57 | Equity: | $106.67 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a leading promoter of motorsports and owns and operates three major speedways, including Daytona International Speedway, home of the Daytona 500. The company also operates Tucson Raceway Park in Arizona, owns a 50% interest in the Watkins Glen International road course in New York, and holds a 12% interest in Penske Motorsports, Inc., which owns and operates Michigan International Speedway and Pennsylvania's Nazareth Speedway and is constructing The California Speedway near Los Angeles. In July 1996, the company opened DAYTONA USA -- The Ultimate Motorsports Attraction, a motorsports-themed entertainment complex that includes interactive media, theaters, historical memorabilia and exhibits. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to make additions and improvements to track facilities; working capital and general corporate purposes. |
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