| IPO Company Profile © ipodata.com |
| Message Board | Quote | Chart | News | SEC Filings | Peer IPO Companies | Company's Home Page |
| Pinnacle Holdings, Inc. |
| 1549 Ringling Boulevard, 3rd Floor, Sarasota, FL 34236 * (941) 364-8886 |
| Business Description | The company is the leading provider of wireless communications rental tower space in the Southeastern United States. |
| Offering Information Company has | |||
| Trading As | BIGT (NASNTL) | Industry | Telecommunications (SIC 4899) |
| Type of Stock Offered | Common Shares | Filing Date | 07/17/1998 |
| Domestic Shares Offered | 20,000,000 | Offer Date | 02/18/1999 |
| Foreign Shares Offered | 0 | Filing Range | $14.00 - $16.00 |
| Company Shares | 20,000,000 | Offer Price | $14.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.840 |
| Gross Proceeds | $280,000,000 | Selling | $0.480 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 29,999,951 | Employees | 89 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-5959 |
| BT Alex Brown | Co-manager | (410) 727-1700 |
| Nationsbanc Montgomery Securities, Inc. | Co-manager | (415) 627-2100 |
| Raymond James & Associates, Inc. | Co-manager | (813) 573-8108 |
| Salomon Smith Barney | Co-manager | (212) 723-7300 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 6 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1995 | 12/31/1996 | 12/31/1997 | 06/30/1997 | 06/30/1998 | ||
| Revenues | - | - | 0.733 | 4.842 | 12.881 | 4.848 | 12.544 |
| Income from Oper. | - | - | - | - | -1.536 | -0.746 | -2.928 |
| Net Income | - | - | -0.645 | -2.016 | -8.461 | -2.989 | -13.139 |
| E.P.S | - | - | -6.310 | -8.100 | -27.280 | -9.760 | -34.240 |
| Revenue Growth (%) | - | - | 560.57 | 166.026 | 158.75 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | 0.33 | -0.53 | -3.25 | ||||
| Cash Flow - Inv. | -89.46 | -41.33 | -160.76 | ||||
| Cash Flow - Fin. | 90.78 | 42.28 | 165.03 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 06/30/1998 | Financial Ratios | ||||
| Total Assets | 312.00 | Current Assets | 5.97 | Current Ratio | 0.57 |
| Total Liab. | 300.03 | Current Liab. | 10.50 | Debt Ratio | 96.16% |
| Total Equity | 11.97 | Working Cap. | -4.53 | Debt to Equity Ratio | 25.07 |
| Cash | 2.72 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to partially finance the MobileMedia Acquisitions, to repay outstanding indebtedness, distribution for existing shareholders and for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Holland & Knight |
| Bank's Law Firm | Davis, Polk & Wardwell |
| Auditor | Pricewaterhouse Coopers LLC |
| Send us feedback if you would like to request that we hyperlink a firm on this page | |