IPO Company Profile
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P.F. Chang's China Bistro, Inc.
5090 North 40th Street, Suite 160, Phoenix, AZ 85018 * (602) 957-8986

The company owns and operates 15 full service restaurants that feature a unique blend of high quality, authentic Chinese cuisine and American hospitality in a sophisticated, contemporary bistro setting.

Primary Underwriting Group
ManagerTierPhone
Donaldson, Lufkin & Jenrette Securities Corp.Lead Manager (212) 371-0641
Dain Rauscher WesselsCo-manager (612) 371-2818
Nationsbanc Montgomery Securities, Inc.Co-manager (415) 627-2100

Offering Information
NASNTL:PFCB Retail: SIC 5812
Type of Shares:Common Shares Filing Date:7/24/98
U.S. Shares:4,150,000 Offer Date:12/3/98
Non-U.S. Shares:0 Filing Range:$10.50 - $12.50
Primary Shares:4,150,000 Offer Price:$12.00
Secondary Shares:0 Gross Spread:$0.84
Offering Amount: $47,725,000 Selling:$0.50
Expenses: - Reallowance:$0.10
Post-IPO Shares: -
Employees:1900

Legal Counsel, Auditor and Registrar
Issuer's Law Firm: Gray Cary Ware & Freidenrich
Bank's Law Firm: Akin, Gump, Strauss, Hauer & Feld
Auditor: Ernst & Young

Selected Financial Data

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
12/31/97 6/28/98 6/29/97 6/28/98
Revenue:$39.77$32.94$17.70Assets:$34.27
Net Income:-$1.70$0.85-$0.24Curr Assets:$3.82
EPS:-$1.03$0.13-$0.25Liabilities:$20.06
Prior EPS:Curr Liab:$17.66
Cash Flow/Oper:$0.14$4.63$0.48Equity:$14.21
Cash Flow/Fin:$12.23$2.96$7.63Cash:$1.80
Cash Flow/Inv:-$11.51-$8.52-$2.89Working Cap:-$13.84

Use of Proceeds
The proceeds from the proposed offering will be used for development of new restaurants, working capital.

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