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Critical Path, Inc.
320 1st Avenue, San Francisco, CA 94105 * (415) 808-8800
Business Description We are a leading provider of advanced email hosting services. Our email services are designed to allow a wide range of organizations, including Internet service providers, web hosting companies, web portals and corporations, to reduce costs and improve customer service by outsourcing their email systems.
Offering
Information

Company has
gone public

Trading As  CPTH (NASNTL) Industry  Internet (SIC 7389)
Type of Stock Offered  Common Shares Filing Date  01/29/1999
Domestic Shares Offered  4,500,000 Offer Date  03/29/1999
Foreign Shares Offered  0 Filing Range  $18.00 - $20.00
Company Shares  4,500,000 Offer Price  $24.00
Selling Shrhldrs Shares  0 Gross Spread  $1.680
Gross Proceeds  $108,000,000 Selling  $1.000
Expenses  - - Reallowance  $0.100
Post-IPO Shares  34,107,700 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
BancBoston Robertson Stephens Lead Manager (415) 989-8500
Dain Rauscher Wessels Co-manager (612) 371-2818
Hambrecht & Quist Incorporated Co-manager (415) 439-3626
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures - - Months Ending
Figures in U.S. millions except per share data       12/31/1997 12/31/1998    
Revenues   - - - - 0.897 - -
Income from Oper.   - - - -1.056 -11.448 - -
Net Income   - - - -1.074 -11.461 - -
E.P.S   - - - -0.240 -1.340 - -
Revenue Growth (%)      - - - -   -
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -6.94 - -
Cash Flow - Inv.     -1.32 - -
Cash Flow - Fin.     23.05 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/1998 Financial Ratios
Total Assets    20.66 Current Assets    15.38 Current Ratio    5.39
Total Liab.    5.31 Current Liab.    2.85 Debt Ratio    25.67%
Total Equity    15.36 Working Cap.    12.52 Debt to Equity Ratio    0.35
Cash    14.79    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used to expand sales and marketing activities, open additional data centers, expand international operations, and for general corporate purposes and working capital.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Pillsbury Madison & Sutro
Bank's Law Firm  Wilson, Sonsini, Goodrich & Rosati
Auditor  Pricewaterhouse Coopers LLC
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Last updated: 09/29/1999 3:51:03 AM
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