| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Global Vacation Group, Inc. |
| 1455 Pennsylvania Avenue, N.W., Suite 350, Washington, DC 20004 * (202) 371-0150 |
| The company is one of the largest U.S. provider of value added vacation products and services targeted to higher income travelers. |
| Manager | Tier | Phone |
| Salomon Smith Barney | Lead Manager | (212) 723-7300 |
| BancAmerica Robertson Stephens | Co-manager | (415) 989-8500 |
| Nationsbanc Montgomery Securities, Inc. | Co-manager | (415) 627-2100 |
| NYSE: | GVG | Transportation: | SIC 4725 | |
| Type of Shares: | Common Shares | Filing Date: | 5/14/98 | |
| U.S. Shares: | 3,000,000 | Offer Date: | 7/31/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $13.00 - $15.00 | |
| Primary Shares: | 3,000,000 | Offer Price: | $14.00 | |
| Secondary Shares: | 0 | Gross Spread: | ||
| Offering Amount: | $42,000,000 | Selling: | ||
| Expenses: | - | Reallowance: | ||
| Post-IPO Shares: | - | |||
| Employees: | 750 |
| Issuer's Law Firm: | Hogan & Hartson |
| Bank's Law Firm: | Hale and Dorr |
| Auditor: | Arthur Andersen |
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: | $24.25 | Assets: | $19.38 | ||
| Net Income: | -$1.10 | Curr Assets: | $18.94 | ||
| EPS: | Liabilities: | $19.02 | |||
| Prior EPS: | Curr Liab: | $19.02 | |||
| Cash Flow/Oper: | -$2.17 | Equity: | $0.36 | ||
| Cash Flow/Fin: | $1.99 | Cash: | $7.91 | ||
| Cash Flow/Inv: | $1.57 | Working Cap: | -$0.08 | ||
| Competition |
| The Company competes with a variety of other providers of travel and travel-related products and services. Its principal competitors are (i) other vacation providers, (ii) travel suppliers who sell directly to individual travelers and (iii) travel agencies and other retail and wholesale distributors of travel products and services, some of which are larger and have greater name recognition and financial resources than the Company. The Company believes it competes for customers based upon the quality of the travel products and services delivered, price, specialized knowledge, reputation and convenience. The Company believes it is well-positioned to compete on these bases. |
| Business Plan |
| The Company's objective is to become the leading provider of value-added vacation products and services targeted to higher-income travelers. To accomplish this objective, the Company pursues an operating strategy that includes the following elements: (I) Providing Value-added Vacation Products and Services, (ii) Establishing National Brand Name Recognition, (iii) Leveraging Strength in Selected Travel Destinations, (iv) Pursuing Revenue Enhancing Opportunities, (v) Improving Operating Efficiencies and (vi) Implementing Integrated Information Systems. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of debt and redemption of a portion of the shares of Convertible Preferred Stock. |