| Ticker: SEEK | 2620 Augustine Drive, Suite 250 | |
| Exchange: NASDAQ-National Market | Santa Clara, California 95054 | |
| Industry: High-Tech | (408) 567-2700 |
| Type of Shares: | Common Shares | Filing Date: | 4/26/96 | |
| U.S. Shares: | 3,454,500 | Offer Date: | 6/11/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 3,454,500 | Offer Price: | $12.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.84 | |
| Offering Amount: | $37,999,500 | Selling: | $0.47 | |
| Expenses: | $850,000 | Reallowance: | $0.10 | |
| Shares Out After: | 25,400,728 |
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 727-1700 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $1.03 | $1.73 | $0.01 | Assets: | $15.75 |
| Net Income: | -$3.39 | -$3.51 | -$0.43 | Liabilities: | $15.74 |
| EPS: | -$0.13 | -$0.14 | -$0.02 | Equity: | $0.01 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Infoseek develops and provides branded, comprehensive Web-based navigational services that help users access and personalize the vast resources of the Internet. The Company's primary service offering, Infoseek Guide, is a free service targeted at individual users. The Company believes that Infoseek Guide goes beyond the functionality offered by other search engines and directory services, by aggregating and packaging the resources of the Internet to serve individuals' unique and personal interests and create rich Internet experiences. The Company believes that Infoseek Guide has been well received by consumers and has achieved a strong brand presence among Web users. The Company's objective is to establish itself as the dominant, branded navigational service provider on the Internet in order to reach the greatest audience. The Company seeks to build a high volume of traffic on its services to provide a preferred platform for content providers and advertisers to reach their target audiences. |
| Use of Proceeds |
| The proceeds from the offering will be used for general corporate purposes, including capital expenditures and working capital. |
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