| Ticker: HOTT | 3410 Pomona Boulevard | |
| Exchange: NASDAQ-National Market | Pomona, California 91768 | |
| Industry: Retail | (909) 869-6373 |
| Type of Shares: | Common Shares | Filing Date: | 6/27/96 | |
| U.S. Shares: | 1,300,000 | Offer Date: | 9/23/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 1,300,000 | Offer Price: | $18.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.26 | |
| Offering Amount: | $19,500,000 | Selling: | $0.70 | |
| Expenses: | $500,000 | Reallowance: | $0.10 | |
| Shares Out After: | 4,369,895 |
| Manager | Tier | Phone |
| Montgomery Securities | Lead Manager | 4156272220 |
| Robertson, Stephens & Company | Co-manager | (415) 989-8500 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 8/3/96 | 7/29/95 | 8/3/96 | ||
| Revenue: | $23.63 | $15.40 | $7.65 | Assets: | $15.69 |
| Net Income: | $0.44 | -$0.09 | -$0.58 | Liabilities: | $3.67 |
| EPS: | $0.14 | -$0.03 | -$0.19 | Equity: | $12.02 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company operates 51 stores that sell music-licensed and music influenced apparel, accessories and gift items for teens and young adults. The company operates under the slogan "Everything But the Music", sells items including T-shirts, caps, & posters Hot Topic, Inc. is a rapidly growing specialty retailer of music-licensed and music-influenced apparel, accessories and gift items for young men and women principally between the ages of 12 and 22. As of August 3, 1996, the company operated 62 stores in both metropolitan and middle markets in 18 states throughout the Western, Midwestern and Northeastern regions of the United States. Hot Topic's stores are located in shopping malls and average approximately 1,300 square feet. Management believes that fashions and products associated with popular associated with popular music artists have a significant influence on teenagers, who often want to emulate their favorite stars. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to finance store openings and remodelings and for working capital and other general corporate purposes. |
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