| Proposed Ticker: IPZ | 211 College Road East | |
| Exchange: New York Stock Exchange | Princeton, New Jersey 08540 | |
| Industry: Service | (609) 452-8900 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 6/18/96 | |
| U.S. Shares Filed: | 7,650,000 | Filing Range: | $14.00 - $16.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $114,750,000 | |
| Primary Shares: | 7,650,000 | Expenses: | - | |
| Secondary Shares: | 0 | Shs Out After: | 34,150,000 | |
| Spin out parent firm: | Interpool, Inc. | |||
| Manager | Tier | Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 504-4525 |
| Furman Selz Incorporated | Co-manager | (212) 309-8200 |
| Smith Barney Inc. | Co-manager | (718) 921-8473 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $64.17 | $18.89 | $13.76 | Assets: | $533.61 |
| Net Income: | $22.56 | $6.58 | $5.02 | Liabilities: | $425.29 |
| EPS: | $0.85 | $0.25 | $0.19 | Equity: | $108.33 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company provides shipping containers for use in international trade. The company designs and leases custom containers to over 100 customers throughout the world. The Company is one of the world's leading providers of shipping containers for use in the international trade, with a container fleet totalling approximately 253,00 twenty-foot equivalent units. The Company's containers are leased to over 100 customers throughout the world, including most of the world's 20 largest shipping lines, with particular emphasis on customers serving the Pacific Rim, where industry sources estimate that container shipping has increased by approximately 12% annually between 1990 and 1994. From 1991 through 1995, the Company's container fleet has grown by more than 166,000 TEUs and its net income has increased at a a 46% compound annual growth. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay debt and for working capital and other general corporate purposes, including the purchase of equipment. |
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