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| Gabelli Asset Management, Inc. |
| One Corporate Center, Rye, NY 10580 * (914) 921-3700 |
| Business Description | The company is an investment management and financial services holding company that provides advisory and brokerage services to mutual fund, institutional and high net worth individuals. The company provides these services to the Gabelli family of funds. |
| Offering Information Company has | |||
| Trading As | GBL (NYSE) | Industry | Financial (SIC 6211) |
| Type of Stock Offered | Class A Common Shares | Filing Date | 04/24/1998 |
| Domestic Shares Offered | 6,000,000 | Offer Date | 02/10/1999 |
| Foreign Shares Offered | 0 | Filing Range | $16.00 - $19.00 |
| Company Shares | 6,000,000 | Offer Price | $17.50 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.225 |
| Gross Proceeds | $105,000,000 | Selling | $0.730 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 30,000,000 | Employees | 125 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| Salomon Smith Barney | Co-manager | (212) 723-7300 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | - - Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1995 | 12/31/1996 | 12/31/1997 | ||||
| Revenues | - | - | 89.310 | 98.168 | 105.276 | - | - |
| Income from Oper. | - | - | - | - | 30.746 | - | - |
| Net Income | - | - | 26.896 | 30.171 | 36.677 | - | - |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | 9.92 | 7.241 | - | ||
| Net Income Growth (%) | - | - | 12.18 | 21.56 | - | ||
| Oper. Profit Margin (%) | - | - | - | - | 29.21 | - | - |
| Net Profit Margin (%) | - | - | 30.12 | 30.73 | 34.84 | - | - |
| Cash Flow - Oper. | 38.57 | - | - | ||||
| Cash Flow - Inv. | -69.33 | - | - | ||||
| Cash Flow - Fin. | 10.42 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1997 | Financial Ratios | ||||
| Total Assets | 232.74 | Current Assets | - | Current Ratio | - |
| Total Liab. | 69.12 | Current Liab. | - | Debt Ratio | 29.70% |
| Total Equity | 163.62 | Working Cap. | - | Debt to Equity Ratio | 0.42 |
| Cash | 12.61 | Return on Assets | 15.76% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Skadden, Arps, Slate, Meagher & Flom |
| Auditor | Ernst & Young |
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