| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Federated Investors, Inc. |
| Federated Investors Tower, Pittsburgh, PA 15222 * (412) 288-1900 |
| The company is a leading provider of investment management product and related financial services. Federated sponsors, markets and provides investment advisory, distribution and administrative services primarily to mutual funds. |
| Manager | Tier | Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| PaineWebber Incorporated | Co-manager | (212) 713-2626 |
| Salomon Smith Barney | Co-manager | (212) 723-7300 |
| NYSE: | FII | Financial: | SIC 6722 | |
| Type of Shares: | Class B Nonvoting Shares | Filing Date: | 3/20/98 | |
| U.S. Shares: | 14,045,554 | Offer Date: | 5/13/98 | |
| Non-U.S. Shares: | 3,511,446 | Filing Range: | $18.00 - $20.00 | |
| Primary Shares: | 2,609,774 | Offer Price: | $19.00 | |
| Secondary Shares: | 14,947,226 | Gross Spread: | $1.09 | |
| Offering Amount: | $333,583,000 | Selling: | $0.66 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Post-IPO Shares: | 86,000,000 | |||
| Employees: | 2037 |
| Issuer's Law Firm: | Kirkpatrick & Lockhart |
| Auditor: | Ernst & Young |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/97 | 12/31/97 | ||||
| Revenue: | $403.72 | Assets: | $286.30 | ||
| Net Income: | $50.58 | Curr Assets: | $76.11 | ||
| EPS: | $0.93 | Liabilities: | $222.60 | ||
| Prior EPS: | $0.19 | Curr Liab: | $64.05 | ||
| Cash Flow/Oper: | $12.70 | Equity: | $63.70 | ||
| Cash Flow/Fin: | $14.33 | Cash: | $22.91 | ||
| Cash Flow/Inv: | -$10.68 | Working Cap: | $12.06 | ||
| Competition |
| The investment management business is highly competitive and is undergoing consolidation. Many organizations 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. The Company competes in the distribution of mutual funds with other independent fund management companies, national and regional broker/dealers, commercial banks, insurance companies, and other institutions. Many of these competitors have substantially greater resources and brand recognition than the Company. Competition is based on various factors, including business reputation; the investment performance of funds managed or administered by the Company; quality of service; the strength and continuity of management and selling relationships; marketing and distribution services offered; the range of products offered; and fees charged. |
| Business Plan |
| Federated's long range strategy has three objectives: (I) To be widely recognized as a world class investment management company that offers highly competitive performance and disciplined risk management while consistently adhering to its investment objectives across a broad spectrum of investment management products; (ii) To profitably expand Federated's market penetration by increasing its assets under management in each market where it chooses to apply its substantial distribution resources and (iii) To use its substantial expertise in mutual fund administration to provide superior customer services and to profitably expand its customer relationships. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital and general corporate purposes. |