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| VerticalNet, Inc. |
| 2 Walnut Grove Drive, Horsham, PA 19044 * (215) 328-6100 |
| Business Description | The company is the largest creator, owner and operator of vertical trade communities, which are targeted business-to-business communities of commerce on the Internet. |
| Offering Information Company has | |||
| Trading As | VERT (NASNTL) | Industry | Internet (SIC 7319) |
| Type of Stock Offered | Common Shares | Filing Date | 11/27/1998 |
| Domestic Shares Offered | 3,500,000 | Offer Date | 02/10/1999 |
| Foreign Shares Offered | 0 | Filing Range | $12.00 - $14.00 |
| Company Shares | 3,500,000 | Offer Price | $16.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.120 |
| Gross Proceeds | $56,000,000 | Selling | $0.670 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 16,260,252 | Employees | 150 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Lehman Brothers Incorporated | Lead Manager | (212) 526-8100 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 439-3626 |
| Volpe Brown Whelan & Company | Co-manager | (415) 274-4463 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 9 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1995 | 12/31/1996 | 12/31/1997 | 09/30/1997 | 09/30/1998 | ||
| Revenues | - | - | 0.016 | 0.285 | 1.056 | 0.551 | 1.862 |
| Income from Oper. | - | - | -0.210 | -0.702 | -4.664 | -2.813 | -8.350 |
| Net Income | - | - | 0.211 | -0.709 | -4.779 | -2.842 | -8.334 |
| E.P.S | - | - | -0.100 | -0.140 | -0.970 | -0.580 | -1.680 |
| Revenue Growth (%) | - | - | 1,722.91 | 270.248 | 238.11 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | 1,348.77 | - | - | - | - |
| Cash Flow - Oper. | -3.82 | -2.32 | -6.68 | ||||
| Cash Flow - Inv. | -0.40 | -0.15 | -2.81 | ||||
| Cash Flow - Fin. | 4.64 | 2.33 | 12.54 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 09/30/1998 | Financial Ratios | ||||
| Total Assets | 9.16 | Current Assets | 5.20 | Current Ratio | 1.28 |
| Total Liab. | 4.45 | Current Liab. | 4.08 | Debt Ratio | 48.58% |
| Total Equity | 4.71 | Working Cap. | 1.12 | Debt to Equity Ratio | 0.94 |
| Cash | 3.79 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to repay debt and for investments in current and future vertical trade communities and for general corporate purposes and potential acquisitions. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Morgan, Lewis & Bockius |
| Bank's Law Firm | Chadbourne & Parke |
| Auditor | KPMG Peat Marwick |
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