| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Waddell & Reed Financial, Inc. |
| 6300 Lamar Avenue, Overland Park, KS 66202 * (913) 236-2000 |
| Waddell & Reed was founded in 1937 and is one of the oldest mutual fund complexes in the United States, having introduced the United family of funds in 1940. |
| Manager | Tier | Phone |
| Morgan Stanley Dean Witter Discover & Co. | Lead Manager | (212) 761-5900 |
| Goldman, Sachs & Co. | Co-manager | (212) 902-5959 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| NYSE: | WDR | Financial: | SIC 6211 | |
| Type of Shares: | Class A Common Shares | Filing Date: | 1/2/98 | |
| U.S. Shares: | 17,360,000 | Offer Date: | 3/4/98 | |
| Non-U.S. Shares: | 4,340,000 | Filing Range: | $20.00 - $22.00 | |
| Primary Shares: | 21,700,000 | Offer Price: | $23.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.26 | |
| Offering Amount: | $455,700,000 | Selling: | $0.81 | |
| Expenses: | $0 | Reallowance: | $0.10 | |
| Post-IPO Shares: | - | |||
| Spin out parent firm: | Torchmark | |||
| Issuer's Law Firm: | Hughes & Luce |
| Bank's Law Firm: | Skadden, Arps, Slate, Meagher & Flom |
| Auditor: | KPMG Peat Marwick |
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: | $220.98 | $176.02 | $163.91 | Assets: | $358.54 |
| Net Income: | $64.18 | $55.51 | $47.34 | Curr Assets: | $90.94 |
| EPS: | Liabilities: | $187.40 | |||
| Prior EPS: | Curr Liab: | $48.86 | |||
| Cash Flow/Oper: | $32.41 | $55.27 | Equity: | $171.14 | |
| Cash Flow/Fin: | -$47.11 | -$44.06 | Cash: | $43.98 | |
| Cash Flow/Inv: | -$0.32 | -$0.46 | Working Cap: | $42.08 | |
| Competition |
| The mutual fund distribution and service and investment management industries are intensely competitive and are undergoing substantial consolidations. Many organizations in these industries are attempting to market to and service the same clients as the Company, not only with mutual fund investments and services but with a wide range of other financial products and services. Many of the Company's competitors have more products and product lines, services, and may also have substantially greater assets under management and financial resources. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of indebtedness and for general corporate purposes. |