| IPO Company Profile |
| SEC Filings | Peer IPO Companies |
| AK Holding Corporation |
| 400 Fifth Avenue South, Naples, FL 34102 * (941) 435-3888 |
| The company was organized on September 4, 1997 to create a financial holding company to initially focus on several of the largest and fastest growing markets in Florida. |
| Manager | Tier | Phone |
| Ashtin Kelly & Co. | Lead Manager |
| OTC: | AKHC | Financial: | SIC 6211 | |
| Type of Shares: | Class A Common Shares | Filing Date: | 9/30/98 | |
| U.S. Shares Filed: | 1,500,000 | Filing Price: | $10.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $15,000,000 | |
| Primary Shares: | 1,500,000 | Expenses: | - | |
| Secondary Shares: | 0 | Post-IPO Shares: | 1,927,362 | |
| Employees: | 4 |
| Issuer's Law Firm: | Smith, Gambrell & Russell |
| Bank's Law Firm: | Carlton, Fields, Ward, Emmanuel, Smith & Cutler |
| Registrar/Transfer Agent: | Continental Stock Transfer & Trust Co |
| Auditor: | Hill, Barth & King, Inc. |
Dollar amounts in U.S. millions except for per share data | |||||
| 1 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 9/24/98 | 9/24/98 | ||||
| Revenue: | Assets: | $0.38 | |||
| Net Income: | -$0.01 | Curr Assets: | |||
| EPS: | Liabilities: | $0.06 | |||
| Prior EPS: | Curr Liab: | ||||
| Cash Flow/Oper: | -$0.06 | Equity: | $0.32 | ||
| Cash Flow/Fin: | $0.38 | Cash: | $0.31 | ||
| Cash Flow/Inv: | -$0.01 | ||||
| Competition |
| The Company will engage in the highly competitive securities brokerage and financial services businesses. It will compete primarily with major regional firms and smaller "niche" players, and indirectly with large Wall Street securities firms, securities subsidiaries of major commercial bank holding companies, retail brokerage firms, investment banking firms, investment advisors. The Company's industry focus also subjects it to direct competition from a number of specialty securities firms and smaller investment banking boutiques that specialize in providing services to those industry sectors. |
| Business Plan |
| The objective of the Company and its Management is to create a notable and recognizable financial services firm, focused on providing high value to clients by delivering specialized boutique products and services matched directly to their needs. Management believes that such a company can attract those clients who prefer to conduct business with a regionally managed institution that demonstrates an active interest in their business and personal affairs. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to acquire registered broker-dealers and investment advisor firms, increase its net capital to participate in corporate finance transactions, establish market-making and research efforts, expand sales and marketing efforts, hire sales and corporate finance personnel to staff additional brokerage offices, build-out its office space, and for general corporate purposes. |