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Ziff Davis Inc. ZDNet Group
One Park Avenue, New York, NY 10016 * (212) 503-3500
Business Description The company is a leading provider of technology related content to internet users worldwide. ZDNet focuses on content, community and commerce. ZDNet creates real-time, authoritative and comprehensive branded content divided broadly into channels that focus on specific topics or audience groups.
Offering
Information

Company has
gone public

Trading As  ZDZ (NYSE) Industry  Internet (SIC 7375)
Type of Stock Offered  Common Shares Filing Date  12/22/1998
Domestic Shares Offered  10,000,000 Offer Date  03/30/1999
Foreign Shares Offered  0 Filing Range  $18.00 - $19.00
Company Shares  10,000,000 Offer Price  $19.00
Selling Shrhldrs Shares  0 Gross Spread  $1.330
Gross Proceeds  $190,000,000 Selling  $0.800
Expenses  - - Reallowance  $0.100
Post-IPO Shares  100,000,000 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Goldman, Sachs & Co. Lead Manager (212) 902-5959
Donaldson, Lufkin & Jenrette Securities Corp. Co-manager (212) 371-0641
Hambrecht & Quist Incorporated Co-manager (415) 439-3626
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       12/31/1996 12/31/1997 09/30/1997 09/30/1998
Revenues   - - - 16.215 32.218 21.277 37.566
Income from Oper.   - - - -17.413 -22.081 -19.642 -8.288
Net Income   - - - -16.925 -21.238 -18.463 -7.655
E.P.S   - - - - - - -
Revenue Growth (%)      - - - 98.693   76.56
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -15.26 -11.39 -4.72
Cash Flow - Inv.     -5.37 -4.34 -8.18
Cash Flow - Fin.     20.66 15.80 13.30
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 09/30/1998 Financial Ratios
Total Assets    95.51 Current Assets    16.17 Current Ratio    2.76
Total Liab.    6.63 Current Liab.    5.87 Debt Ratio    6.95%
Total Equity    88.87 Working Cap.    10.30 Debt to Equity Ratio    0.07
Cash    0.43    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used to reduce indebtedness.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Sullivan & Cromwell
Bank's Law Firm  Hale and Dorr
Registrar/Transfer Agent  Bank of New York
Auditor  Pricewaterhouse Coopers LLC
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Last updated: 09/29/1999 3:52:44 AM
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