| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Charles River Associates Incorporated |
| 200 Clarendon Street, Boston, MA 02116 * (617) 425-3000 |
| The company is a leading economic and business consulting firm that applies advanced analytic techniques and in-depth industry knowledge to complex engagements for a broad range of clients. |
| Manager | Tier | Phone |
| Nationsbanc Montgomery Securities, Inc. | Lead Manager | (415) 627-2100 |
| William Blair & Company | Co-manager | (312) 364-8990 |
| NASNTL: | CRAI | Service: | SIC 8748 | |
| Type of Shares: | Common Shares | Filing Date: | 2/26/98 | |
| U.S. Shares: | 2,188,000 | Offer Date: | 4/23/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $15.00 - $17.00 | |
| Primary Shares: | 1,562,500 | Offer Price: | $18.50 | |
| Secondary Shares: | 625,500 | Gross Spread: | $1.29 | |
| Offering Amount: | $35,008,000 | Selling: | $0.75 | |
| Expenses: | $900,000 | Reallowance: | $0.10 | |
| Post-IPO Shares: | 8,081,740 |
| Issuer's Law Firm: | Foley Hoag & Eliot |
| Bank's Law Firm: | Hale and Dorr |
| Registrar/Transfer Agent: | Boston Equiserve Limited Partnership |
| Auditor: | Ernst & Young |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 11/29/97 | 11/29/97 | ||||
| Revenue: | $44.81 | Assets: | $20.43 | ||
| Net Income: | $3.13 | Curr Assets: | $17.20 | ||
| EPS: | $0.49 | Liabilities: | $11.90 | ||
| Prior EPS: | Curr Liab: | $9.47 | |||
| Cash Flow/Oper: | $3.62 | Equity: | $8.54 | ||
| Cash Flow/Fin: | -$0.71 | Cash: | $2.05 | ||
| Cash Flow/Inv: | -$2.29 | Working Cap: | $7.73 | ||
| Competition |
| The market for economic and business consulting services is intensely competitive, highly fragmented and subject to rapid change. In general, the barriers to entry into the Company's markets are few and the Company expects to face additional competition from new entrants into the economic and business consulting industries. Many of the Company's competitors have national and international reputations as well as significantly greater personnel, financial, managerial, technical and marketing resources than the Company. Certain of the Company's competitors also have a significantly broader geographic presence than the Company. There can be no assurance that the Company will compete successfully with its existing competitors or with any new competitors. |
| Business Plan |
| The company intends to enhance its position as a leading economic and business consulting firm by pursuing the following growth strategy: (I) Attract and Retain High Quality Consultants, (ii) Increase Marketing Activities, (iii) Expand Services, (iv) Establish Relationships with Additional Outside Experts, (v) Pursue Strategic Acquisitions and Alliances and (vi) Open New Offices. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for payment of dividends and general corporate purposes, including working capital and possible acquisitions. |