| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Rushmore Financial Group, Inc. |
| 13355 Noel Road, Suite 650, Dallas, TX 75240 * (972) 450-6000 |
| The company is a financial services holding company that provides a wide range of investment and insurance services and products to its clients through a national distribution network of more than 1,450 securities representatives in 39 states. |
| Manager | Tier | Phone |
| First Southwest Company | Lead Manager | (214) 953-4150 |
| Rushmore Securities Corporation | Co-manager |
| NASNTL: | RFGI | Financial: | SIC 6411 | |
| Type of Shares: | Common Shares | Filing Date: | 12/15/97 | |
| U.S. Shares: | 815,000 | Offer Date: | 4/24/98 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.50 | |
| Primary Shares: | 815,000 | Offer Price: | $5.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.44 | |
| Offering Amount: | $4,482,500 | Selling: | $0.26 | |
| Expenses: | $300,000 | Reallowance: | $0.00 | |
| Post-IPO Shares: | 3,356,664 | |||
| Employees: | 151 |
| Issuer's Law Firm: | Glast, Phillips & Murray, P.C. |
| Bank's Law Firm: | Thompson & Knight |
| Auditor: | Cheshier & Fuller, L.L.P. |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/96 | 9/30/97 | 9/30/96 | 9/30/97 | ||
| Revenue: | $1.52 | $1.72 | $1.00 | Assets: | $35.59 |
| Net Income: | -$0.17 | -$0.13 | -$0.15 | Curr Assets: | |
| EPS: | -$0.12 | -$0.07 | -$0.11 | Liabilities: | $34.28 |
| Prior EPS: | -$0.18 | Curr Liab: | |||
| Cash Flow/Oper: | -$0.08 | $0.34 | -$0.01 | Equity: | $1.31 |
| Cash Flow/Fin: | $0.23 | $1.19 | $0.20 | Cash: | $1.43 |
| Cash Flow/Inv: | -$0.08 | -$0.23 | |||
| Use of Proceeds |
| The proceeds from the proposed offering will be used to invest in Rushmore Life's capital surplus, to support the addition of new agents, to add new marketing and investment advisory personnel, and to provide additional operating capital and fund possible acquisitions. |
| Additional Underwriter Compensation |
| Warrant to purchase 50,000 shares/units at a nominal price. |