| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| BNC Mortgage, Inc. |
| 1740 East Garry Avenue, Suite 109, Santa Ana, CA 92705 * (714) 260-6000 |
| The company is a specialty finance company that originates and sells subprime residential mortgage loans secured by one-to-four family residences. |
| Manager | Tier | Phone |
| CIBC Oppenheimer & Company | Lead Manager | (212) 667-7400 |
| Piper Jaffray Incorporated | Co-manager | (612) 342-6220 |
| NASNTL: | BNCM | Financial: | SIC 6162 | |
| Type of Shares: | Common Shares | Filing Date: | 10/24/97 | |
| U.S. Shares: | 3,173,196 | Offer Date: | 3/10/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.00 - $11.00 | |
| Primary Shares: | 1,400,000 | Offer Price: | $9.50 | |
| Secondary Shares: | 1,773,196 | Gross Spread: | $0.67 | |
| Offering Amount: | $31,731,960 | Selling: | $0.38 | |
| Expenses: | $850,000 | Reallowance: | $0.10 | |
| Post-IPO Shares: | 7,500,000 | |||
| Employees: | 309 |
| Issuer's Law Firm: | Freshman, Marantz, Orlanski, Cooper & Klein |
| Bank's Law Firm: | Gibson, Dunn & Crutcher |
| Registrar/Transfer Agent: | U. S. Stock Transfer Corporation |
| Auditor: | Ernst & Young |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 6/30/97 | 9/30/97 | 9/30/96 | 9/30/97 | ||
| Revenue: | $32.76 | $9.62 | $5.57 | Assets: | $72.18 |
| Net Income: | $7.54 | $1.70 | $1.11 | Curr Assets: | |
| EPS: | $1.31 | $0.30 | $0.20 | Liabilities: | $61.46 |
| Prior EPS: | $0.10 | Curr Liab: | |||
| Cash Flow/Oper: | -$5.45 | -$2.57 | $11.45 | Equity: | $10.72 |
| Cash Flow/Fin: | $11.72 | $3.55 | -$10.28 | Cash: | $9.11 |
| Cash Flow/Inv: | -$0.45 | -$0.14 | |||
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund future loan origination's and for general corporate purposes. |