| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| IDG Books Worldwide, Inc. |
| 919 E. Hillsdale Blvd., Suite 400, Foster City, CA 94404 * (650) 300-3000 |
| The company is a leading publisher of computer, business and self-help books designed to make learning accessible and fun. |
| Manager | Tier | Phone |
| Morgan Stanley Dean Witter Discover & Co. | Lead Manager | (212) 761-5900 |
| Goldman, Sachs & Co. | Co-manager | (212) 902-5959 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| NASNTL: | IDGB | Manufacturing: | SIC 2731 | |
| Type of Shares: | Class A Common Shares | Filing Date: | 5/22/98 | |
| U.S. Shares: | 3,180,000 | Offer Date: | 7/27/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.50 - $16.50 | |
| Primary Shares: | 3,180,000 | Offer Price: | $15.50 | |
| Secondary Shares: | 0 | Gross Spread: | $1.09 | |
| Offering Amount: | $49,290,000 | Selling: | $0.65 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Post-IPO Shares: | - | |||
| Spin out parent firm: | International Data Group, Inc. | |||
| Employees: | 436 | |||
| Issuer's Law Firm: | Wilson, Sonsini, Goodrich & Rosati |
| Bank's Law Firm: | Davis, Polk & Wardwell |
| Auditor: | Deloitte & Touche |
Dollar amounts in U.S. millions except for per share data | |||||
| 6 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 9/30/97 | 3/31/98 | 3/31/97 | 3/31/98 | ||
| Revenue: | $120.69 | $71.92 | $62.46 | Assets: | $73.69 |
| Net Income: | $7.04 | $6.87 | $4.99 | Curr Assets: | $61.45 |
| EPS: | $0.63 | $0.62 | $0.45 | Liabilities: | $36.42 |
| Prior EPS: | $0.58 | Curr Liab: | $36.42 | ||
| Cash Flow/Oper: | $7.82 | $0.97 | -$1.65 | Equity: | $37.26 |
| Cash Flow/Fin: | -$4.58 | $3.95 | $2.32 | Cash: | $0.05 |
| Cash Flow/Inv: | -$3.25 | -$4.95 | -$0.68 | Working Cap: | $25.02 |
| Competition |
| The Company faces competition in each of its areas of publication directly from other publishers and indirectly from nonprint media and expects that competition will remain intense in the future. The Company competes on the basis of editorial quality, timely introduction of new titles, product positioning, pricing and brand name recognition. In addition to the Company, Simon & Schuster, Microsoft Press and McGraw-Hill all share a strong market presence in the United States and internationally in technology publishing. The principal competitors for the Company's business/self-help/lifestyle titles include Random House, Simon & Schuster and HarperCollins. Each of these competitors have substantially greater financial resources than the Company. Nonprint media, such as the Internet, CD-ROMs and instructional video tapes, may also present substantial competition to the Company. Computer users increase their reliance on instructions and information disseminated online. The Company's business could be adversely affected. |
| Business Plan |
| We strive to provide a consistent, accessible and rewarding learning experience to our readers by offering quality products supported by mass marketing which is timed to coincide with the introduction of new technology or the emergence of new trends. To implement these objectives, we have adopted the following operating strategies: (I) Focus on Branded Content and Mass Marketing, (ii) Make Knowledge Accessible and Enjoyable and (iii) Maintain Efficient and Proven Publication Process. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay indebtedness owed to International Data Group, Inc., and for general corporate purposes, including working capital and capital expenditures. |