| IPO Company Profile © ipodata.com |
| Message Board | Quote | Chart | News | SEC Filings | Peer IPO Companies |
| Covad Communications Group, Inc. |
| 2330 Central Expressway, Santa Clara, CA 95050 * (408) 844-7500 |
| Business Description | The company is a leading packet-based competitive local exchange carrier (CLEC) that provides dedicated high-speed digital communication services using Digital Subscriber Line (DSL) technology to enterprise and Internet Service Provider customers. |
| Offering Information Company has | |||
| Trading As | COVD (NASNTL) | Industry | Telecommunications (SIC 4813) |
| Type of Stock Offered | Common Shares | Filing Date | 09/21/1998 |
| Domestic Shares Offered | 7,800,000 | Offer Date | 01/21/1999 |
| Foreign Shares Offered | 0 | Filing Range | $16.00 - $18.00 |
| Company Shares | 7,800,000 | Offer Price | $18.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.120 |
| Gross Proceeds | $140,400,000 | Selling | $0.680 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 44,700,000 | Employees | 65 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Bear, Stearns & Co. Inc. | Lead Manager | (212) 272-4850 |
| BT Alex Brown | Co-manager | (410) 727-1700 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| Goldman, Sachs & Co. | Co-manager | (212) 902-5959 |
| 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 | 12/31/1997 | 06/30/1997 | 06/30/1998 | ||||
| Revenues | - | - | - | - | 0.026 | 0.000 | 0.995 |
| Income from Oper. | - | - | - | - | -2.767 | -0.257 | -7.984 |
| Net Income | - | - | - | - | -2.612 | -0.257 | -11.704 |
| E.P.S | - | - | - | - | -0.800 | -0.090 | -2.310 |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -1.90 | 0.33 | -0.88 | ||||
| Cash Flow - Inv. | -2.49 | -0.20 | -12.38 | ||||
| Cash Flow - Fin. | 8.77 | 0.30 | 130.76 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 06/30/1998 | Financial Ratios | ||||
| Total Assets | 8.07 | Current Assets | 123.29 | Current Ratio | 22.18 |
| Total Liab. | 1.58 | Current Liab. | 5.56 | Debt Ratio | 19.52% |
| Total Equity | 6.50 | Working Cap. | 117.73 | Debt to Equity Ratio | 0.24 |
| Cash | 4.38 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for capital expenditures to expand the company's networks and for working capital and general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Wilson, Sonsini, Goodrich & Rosati |
| Bank's Law Firm | Latham & Watkins |
| Registrar/Transfer Agent | Boston Equiserve Limited Partnership |
| Auditor | Ernst & Young |
| Send us feedback if you would like to request that we hyperlink a firm on this page | |