| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies | Company's Home Page |
| audiohighway.com |
| 20600 Mariani Avenue, Cupertino, CA 95014 * (408) 255-5301 |
| The company offers a proprietary information and entertainment services that enables its users to download and play back selected audio content from the Internet. |
| Manager | Tier | Phone |
| Paulson Investment Company, Inc. | Lead Manager | (503) 243-6028 |
| NASNTL: | AHWY | Internet: | SIC 7375 | |
| Type of Shares: | Common Shares | Filing Date: | 7/24/98 | |
| U.S. Shares: | 2,200,000 | Offer Date: | 12/16/98 | |
| Non-U.S. Shares: | 0 | Filing Price: | $6.00 | |
| Primary Shares: | 2,200,000 | Offer Price: | $6.50 | |
| Secondary Shares: | 0 | Gross Spread: | ||
| Offering Amount: | $13,200,000 | Selling: | ||
| Expenses: | $1,015,000 | Reallowance: | ||
| Post-IPO Shares: | 3,261,959 | |||
| Employees: | 15 |
| Issuer's Law Firm: | Grover Wickersham |
| Bank's Law Firm: | Stoel Rives Boley Jones & Grey |
| Registrar/Transfer Agent: | U. S. Stock Transfer Corporation |
| Auditor: | Grant Thornton |
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 | 6/30/98 | 6/30/97 | 6/30/98 | ||
| Revenue: | $0.00 | $0.05 | $0.00 | Assets: | $0.65 |
| Net Income: | -$3.79 | -$1.67 | -$1.50 | Curr Assets: | $0.29 |
| EPS: | -$4.11 | -$1.67 | -$1.66 | Liabilities: | $2.61 |
| Prior EPS: | -$2.10 | Curr Liab: | $1.83 | ||
| Cash Flow/Oper: | -$1.81 | -$1.21 | -$0.80 | Equity: | -$1.96 |
| Cash Flow/Fin: | $1.58 | $1.48 | $0.53 | Cash: | $0.24 |
| Cash Flow/Inv: | -$0.16 | -$1.22 | -$0.10 | Working Cap: | -$1.54 |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund expansion of sales and marketing activities, ongoing research and development efforts, acquisition of capital equipment and Internet infrastructure, content acquisition and working capital and for general corporate purposes. |
| Additional Underwriter Compensation |
| Warrant to purchase 200,000 shares/units at a nominal price. |
| # of Units: | 2,000,000 | |||
| Unit Ticker: | - | Unit Price: | ||
| Warrant Ticker: | Z | Warrant Price: | ||
| Warrant Exercise Date: | Warrant Exercise Price: | |||
| Warrant Expiration Date: | ||||
| Warrant Detachable: | Yes | Warrant Detach Date: | ||
| Warrant Callable: | No |
| Unit Composition: 1 Common Share + 1 Warrant |
| Warrant Entitlement: 1 Common Share |