| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Dispatch Management Services Corp. |
| 65 West 36th Street, New York, NY 10018 * (212) 268-2910 |
| The company has been formed to create one of the largest providers of urgent, on-demand point-to-point delivery services in the world. The company operates in 16 of the largest metro areas in the U.S., as well as the U.K. and New Zealand. |
| Manager | Tier | Phone |
| Prudential Securities Incorporated | Lead Manager | (212) 778-5420 |
| CIBC Oppenheimer & Company | Co-manager | (212) 667-7400 |
| NASNTL: | DMSC | Transportation: | SIC 4215 | |
| Type of Shares: | Common Shares | Filing Date: | 11/10/97 | |
| U.S. Shares: | 6,000,000 | Offer Date: | 2/5/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $13.00 - $14.00 | |
| Primary Shares: | 6,000,000 | Offer Price: | $13.25 | |
| Secondary Shares: | 0 | Gross Spread: | $0.93 | |
| Offering Amount: | $81,000,000 | Selling: | $0.53 | |
| Expenses: | $5,600,000 | Reallowance: | $0.10 | |
| Post-IPO Shares: | - | |||
| Employees: | 3620 |
| Issuer's Law Firm: | Akin, Gump, Strauss, Hauer & Feld |
| Bank's Law Firm: | Greenberg Traurig Hoffman Lipoff Rosen & Quentel |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
| Auditor: | Price Waterhouse |
Dollar amounts in U.S. millions except for per share data | |||||
| 6 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/96 | 6/30/97 | 6/30/96 | 6/30/97 | ||
| Revenue: | $125.57 | $66.55 | $60.98 | Assets: | $97.66 |
| Net Income: | $2.13 | $1.41 | $1.03 | Curr Assets: | |
| EPS: | Liabilities: | $66.02 | |||
| Prior EPS: | Curr Liab: | ||||
| Cash Flow/Oper: | Equity: | $31.64 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | Working Cap: | -$39.21 | |||
| Competition |
| The market for Point-to-Point delivery services is highly competitive and has low barriers to entry. Many of the company's competitors operate in only one location and may have more experience and brand recognition than the company in such local market. In addition, several large, national, publicly traded companies have begun to consolidate the Point-to Point delivery industry through the acquisition of independent courier companies. Other companies in the industry compete with the company not only for the provision of services but also for acquisition candidates. Some of these companies have longer operating histories and greater financial resources than the company. |
| Business Plan |
| The company intends to drive internal growth by: (I) expanding market share; (I) enhancing services; (iii) developing a premium national brand name; (iv) forming strategic alliances; and (v) improving profitability. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to pay the cash portion of the purchase price for the Founding Companies and for general corporate purposes, including future acquisitions. |
| Officer Name | Title | Age |
| R. Gregory Kidd | Chairman of the Board | 38 |
| Linda M. Jenkinson | Chief Executive Officer; Director | 35 |
| Marko Bogoievski | Chief Financial Officer | 34 |
| Kevin Holder | Chief Operating Officer | 41 |
| Lever F. Stewart | Director of Business Development | 38 |
| Gilbert D. Carpel | President | 51 |