| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies | Company's Home Page |
| Realty Information Group, Inc. |
| 7475 Wisconsin Avenue, Bethesda, MD 20814 * (301) 215-8300 |
| The company is a leading provider of comprehensive, building-specific information to the United States commercial real estate industry and related industries. |
| Manager | Tier | Phone |
| Allen & Company Incorporated | Lead Manager | (212) 339-2220 |
| Needham & Company | Co-manager | (212) 705-0344 |
| NASNTL: | RIGX | High-Tech: | SIC 7375 | |
| Type of Shares: | Common Shares | Filing Date: | 3/13/98 | |
| U.S. Shares: | 2,500,000 | Offer Date: | 6/30/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.00 - $11.00 | |
| Primary Shares: | 2,500,000 | Offer Price: | $9.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.63 | |
| Offering Amount: | $25,000,000 | Selling: | $0.38 | |
| Expenses: | $950,000 | Reallowance: | $0.10 | |
| Post-IPO Shares: | 8,929,817 | |||
| Employees: | 142 |
| Issuer's Law Firm: | Wilmer, Cutler & Pickering |
| Bank's Law Firm: | Werbel & Carnelutti |
| 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 | ||
| 12/31/97 | 12/31/97 | ||||
| Revenue: | $7.90 | Assets: | $14.25 | ||
| Net Income: | -$3.27 | Curr Assets: | $2.47 | ||
| EPS: | Liabilities: | $11.33 | |||
| Prior EPS: | Curr Liab: | $4.34 | |||
| Cash Flow/Oper: | Equity: | $2.92 | |||
| Cash Flow/Fin: | Cash: | $1.19 | |||
| Cash Flow/Inv: | Working Cap: | -$1.87 | |||
| Competition |
| The Company has been in competition for many years with Black's Guide in Washington, Northern New Jersey and Los Angeles. Black's Guide primarily provides information through the print media but has periodically attempted to develop computer-delivered products and services competitive with those of the Company. In July 1996, Black's Guide, previously owned by McGraw-Hill Company and then by a group including CDA Technologies and Thompson Publishing Company, or their affiliates, was sold to Teleres, a joint venture between Dow Jones & Company, Inc. and Aegon (a Dutch insurance company). That joint venture targeted the investment and financial analyst community, through a product called "Teleres-Pro," that targeted primarily portfolio managers, and secondarily brokers and appraisers. In August 1997, the joint venture terminated, discharged its employees and returned Black's database to Black's Guide. In November 1997, Black's Guide reportedly entered into an arrangement, the terms of which are not known to the Company, with ReLocate, Inc. ReLocate, Inc. provides a database product that competes with the Company's product in New York City, Philadelphia and Boston. Further competition may result from that venture. Other competitors include: Smith's Guide and ILS in Orange County and the Association of Industrial Realtors in Los Angeles, CA; Loopnet Venture, Inc. which provides an Internet based listing service; and Leasetrends, a firm specializing in tenant information for Midwestern markets, Denver and South Florida. In addition, there are a number of firms with which the Company expects to compete as it expands into their areas. Other ventures may develop from which the Company will face competition. |
| Business Plan |
| Building upon its competitive advantages, the Company's objective is to become the preeminent provider of building-specific information to the commercial real estate industry and related industries in the United States and select international markets. The principal components of the Company's strategy are: (I) Maintain and Improve the Database, (ii) Maintain Technology Leadership, (iii) Enter New Markets, (iv) Increase Market Penetration and Revenue in Established Markets and (v) Introduce New Products to Satisfy Existing Client Needs and Reach New Clients. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for geographic and product expansion and for repayment of indebtedness, development of corporate information systems, and for working capital and general corporate purposes. |