| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Grand Court Lifestyles, Inc. |
| 2650 N. Military Trail, Suite 350, Boca Raton, FL 33431 * (561) 997-0323 |
| Grand Court Lifestyles, Inc., a fully integrated provider of adult living accommodations and services, acquires, finances, develops and manages adult living communities. |
| Manager | Tier | Phone |
| Royce Investment Group, Inc. | Lead Manager | (516) 393-8300 |
| AMEX: | GCLI | Service: | SIC 8059 | |
| Type of Shares: | Common Shares | Filing Date: | 12/24/97 | |
| U.S. Shares: | 2,800,000 | Offer Date: | 3/16/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.50 - $10.00 | |
| Primary Shares: | 2,800,000 | Offer Price: | $9.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.00 | |
| Offering Amount: | $27,300,000 | Selling: | $0.00 | |
| Expenses: | $2,170,000 | Reallowance: | $0.00 | |
| Post-IPO Shares: | 18,000,000 |
| Issuer's Law Firm: | Reid & Priest |
| Bank's Law Firm: | Greenberg Traurig Hoffman Lipoff Rosen & Quentel |
| 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 | ||
| 1/31/97 | 10/31/97 | 10/31/96 | 10/31/97 | ||
| Revenue: | $65.04 | $54.62 | $40.10 | Assets: | $291.18 |
| Net Income: | -$23.32 | -$1.47 | -$23.55 | Curr Assets: | |
| EPS: | -$1.55 | -$0.10 | -$1.57 | Liabilities: | $261.12 |
| Prior EPS: | $0.23 | Curr Liab: | |||
| Cash Flow/Oper: | $2.46 | -$13.95 | -$0.18 | Equity: | $30.06 |
| Cash Flow/Fin: | $0.88 | $23.28 | -$3.23 | Cash: | $9.68 |
| Cash Flow/Inv: | -$7.19 | -$13.77 | |||
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital and general corporate purposes including financing of new adult living communites. |
| Additional Underwriter Compensation |
| Warrant to purchase 300,000 shares/units at a nominal price. |