| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Megabank Financial Corporation |
| 8100 East Arapahoe Road, Englewood, CO 80112 * (303) 740-2265 |
| The company operates in the Denver area as a commercial bank. The bank specializes in the lending to the residential construction industry. |
| Manager | Tier | Phone |
| Howe Barnes Investments, Inc. | Lead Manager | (312) 655-2952 |
| NASNTL: | MBFC | Financial: | SIC 6719 | |
| Type of Shares: | Common Shares | Filing Date: | 9/14/98 | |
| U.S. Shares: | 1,450,000 | Offer Date: | 11/16/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.00 - $13.00 | |
| Primary Shares: | 1,450,000 | Offer Price: | $11.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.77 | |
| Offering Amount: | $17,400,000 | Selling: | $0.39 | |
| Expenses: | $305,000 | Reallowance: | $0.25 | |
| Post-IPO Shares: | 7,607,340 | |||
| Employees: | 89 |
| Issuer's Law Firm: | Jones & Keller |
| Bank's Law Firm: | Chapman and Cutler |
| Auditor: | Fortner, Bayens, Levkulich & Co., P.C. |
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: | $16.38 | $9.65 | $7.47 | Assets: | $199.39 |
| Net Income: | $2.83 | $1.72 | $1.26 | Curr Assets: | |
| EPS: | $0.44 | $0.27 | $0.20 | Liabilities: | $186.08 |
| Prior EPS: | $0.38 | Curr Liab: | $171.73 | ||
| Cash Flow/Oper: | $3.87 | $1.92 | $1.68 | Equity: | $13.31 |
| Cash Flow/Fin: | $35.48 | $39.19 | $29.25 | Cash: | $10.54 |
| Cash Flow/Inv: | -$38.57 | -$40.48 | |||
| Use of Proceeds |
| The proceeds from the proposed offering will be used to contribute to the capital of the bank, to contribute to a planned real estate subsidiary, to open branch locations and for general corporate purposes. |