| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies | Company's Home Page |
| Cybershop International, Inc. |
| 130 Madison Avenue, New York, NY 10016 * (212) 532-3553 |
| The company is an online retailer that offers over 40,000 products from more than 400 manufacturers through its online stores on the Internet and America Online, Inc. |
| Manager | Tier | Phone |
| C.E. Unterberg, Towbin | Lead Manager | (212) 572-8060 |
| Fahnestock & Co. Inc. | Co-manager | (212) 668-8163 |
| NASSCM: | CYSP | Internet: | SIC 7375 | |
| Type of Shares: | Common Shares | Filing Date: | 12/19/97 | |
| U.S. Shares: | 2,800,000 | Offer Date: | 3/23/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $5.00 - $7.00 | |
| Primary Shares: | 2,800,000 | Offer Price: | $6.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.46 | |
| Offering Amount: | $16,800,000 | Selling: | $0.25 | |
| Expenses: | $0 | Reallowance: | $0.10 | |
| Post-IPO Shares: | 7,000,000 | |||
| Employees: | 17 |
| Issuer's Law Firm: | Rubin Baum Levin Constant & Friedman |
| Bank's Law Firm: | Cravath, Swaine & Moore |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
| Auditor: | Arthur Andersen |
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: | $0.36 | $0.50 | $0.06 | Assets: | $0.97 |
| Net Income: | -$0.81 | -$1.08 | -$0.32 | Curr Assets: | $0.82 |
| EPS: | -$0.17 | -$0.21 | Liabilities: | $0.10 | |
| Prior EPS: | Curr Liab: | $0.09 | |||
| Cash Flow/Oper: | -$0.53 | -$1.19 | -$0.21 | Equity: | $0.86 |
| Cash Flow/Fin: | $1.00 | $1.54 | $0.15 | Cash: | $0.76 |
| Cash Flow/Inv: | -$0.07 | -$0.10 | -$0.03 | Working Cap: | $0.73 |
| Competition |
| The Company believes that the principal competitive factors in its market are brand recognition, selection, personalized services, convenience, price, accessibility, customer service, quality of search tools, quality of site content, and reliability and speed of fulfillment. Many of the Company's current and potential competitors have longer operating histories, larger customer bases, greater brand recognition and significantly greater financial, marketing and other resources than the Company. In addition, online retailers may be acquired by, receive investments from or enter into other commercial relationships with larger, well-established and well-financed companies as use of the Internet and other online services increases. Certain of the Company's competitors may be able to secure merchandise from manufacturers on more favorable terms, devote greater resources to marketing and promotional campaigns, adopt more aggressive pricing or inventory availability policies and devote substantially more resources to website and systems development than the Company. Increased competition may result in reduced operating margins, loss of market share and a diminished brand franchise. There can be no assurance that the Company will be able to compete successfully against current and future competitors, and competitive pressures faced by the Company may have a material adverse effect on the Company. Further, as a strategic response to changes in the competitive environment, the Company may from time to time make certain pricing, service or marketing decisions or acquisitions that could have a material adverse effect on the Company. New technologies and the expansion of existing technologies may increase the competitive pressures on the Company. |
| Business Plan |
| The Company's business strategy includes the following key elements: (I) Maximize Online Economic Advantage, (ii) Create Strong Brand Recognition, (iii) Develop Strategic Alliances, (iv) Develop Customer Loyalty and (v) Selective Merchandising. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to expand marketing and advertising efforts and potential strategic alliances with Internet search engines and guides, to develop and market an online gift registry to fund payments due to AOL, and for working capital and other general corporate purposes. |
| Additional Underwriter Compensation |
| Warrant to purchase 200,000 shares/units at $200.00 per share/unit. |