| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Championship Auto Racing Teams, Inc. |
| 755 West Big Beaver Road, Suite 800, Troy, MI 48084 * (248) 362-8800 |
| The company owns, operates and sanctions the premier open-wheel motorsports series in North America, the FedEx Championship Series and is responsible for organizing, marketing and staging each of the races in the CART Championship. |
| Manager | Tier | Phone |
| Jefferies & Company Incorporated | Lead Manager | (212) 903-2342 |
| A.G. Edwards & Sons, Inc. | Co-manager | (314) 955-3039 |
| NYSE: | MPH | Service: | SIC 7941 | |
| Type of Shares: | Common Shares | Filing Date: | 12/23/97 | |
| U.S. Shares: | 4,700,000 | Offer Date: | 3/9/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 4,333,334 | Offer Price: | $16.00 | |
| Secondary Shares: | 366,666 | Gross Spread: | $1.12 | |
| Offering Amount: | $70,500,000 | Selling: | $0.61 | |
| Expenses: | $1,150,000 | Reallowance: | $0.10 | |
| Post-IPO Shares: | - | |||
| Employees: | 48 |
| Issuer's Law Firm: | Kegler, Brown, Hill & Ritter Co., L.P.A. |
| Bank's Law Firm: | Vinson & Elkins |
| Auditor: | Deloitte & Touche |
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: | $41.45 | $39.90 | $39.85 | Assets: | $18.46 |
| Net Income: | -$0.34 | -$4.79 | $1.54 | Curr Assets: | $16.01 |
| EPS: | -$0.04 | -$0.47 | $0.16 | Liabilities: | $21.29 |
| Prior EPS: | $0.10 | Curr Liab: | $18.30 | ||
| Cash Flow/Oper: | -$0.63 | $3.86 | $3.35 | Equity: | -$2.83 |
| Cash Flow/Fin: | $0.21 | $0.99 | $0.62 | Cash: | $4.85 |
| Cash Flow/Inv: | -$0.10 | -$0.63 | -$0.60 | Working Cap: | -$2.29 |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund the cash portion of the Indy Lights Acquisition, to pay certain obligations to franchise race teams and for working capital and for general corporate purposes including future acquisitions and developing racing related businesses and properties.. |