| IPO Company Profile © ipodata.com |
| Message Board | Quote | Chart | News | SEC Filings | Peer IPO Companies |
| Internet Financial Services, Inc. |
| 40 Wall Street, New York, NY 10005 * (212) 422-1664 |
| Business Description | The company provides real-time online financial brokerage services and comprehensive information about the securities markets through its proprietary trading systems, UltimateTrader and WatleyTrader. |
| Offering Information Company has | |||
| Trading As | IFSX (NASSCM) | Industry | Financial (SIC 6211) |
| Type of Stock Offered | Common Shares | Filing Date | 02/04/1999 |
| Domestic Shares Offered | 2,000,000 | Offer Date | 04/20/1999 |
| Foreign Shares Offered | 0 | Filing Price | $7.00 |
| Company Shares | 2,000,000 | Offer Price | $7.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.650 |
| Gross Proceeds | $14,000,000 | Selling | $0.260 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 7,337,696 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Whale Securities Company | Lead Manager | (212) 484-2057 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 09/30/1997 | 09/30/1998 | 12/31/1997 | 12/31/1998 | |||
| Revenues | - | - | - | 4.533 | 9.119 | 1.457 | 3.180 |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | - | -1.060 | -0.632 | -0.365 | -0.229 |
| E.P.S | - | - | - | -0.300 | -0.120 | -0.070 | -0.040 |
| Revenue Growth (%) | - | - | - | 101.196 | 118.26 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | 0.51 | - | - | ||||
| Cash Flow - Inv. | -1.44 | - | - | ||||
| Cash Flow - Fin. | 1.20 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 09/30/1998 | Financial Ratios | ||||
| Total Assets | 5.54 | Current Assets | - | Current Ratio | - |
| Total Liab. | 3.79 | Current Liab. | - | Debt Ratio | 68.33% |
| Total Equity | 1.75 | Working Cap. | -0.69 | Debt to Equity Ratio | 2.16 |
| Cash | 0.97 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for sales and marketing, network expansion and upgrade, expansion of client services, repayment of indebtedness and working capital and general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Hartman & Craven |
| Bank's Law Firm | Tenzer, Greenblatt, Fallon & Kaplan |
| Registrar/Transfer Agent | American Stock Transfer & Trust Co |
| Auditor | Ernst & Young |
| Send us feedback if you would like to request that we hyperlink a firm on this page | |
| Additional Underwriter Compensation |
| Warrant to purchase 170,000 shares/units at $100.00 per share/unit. |
| Exercise price of $9.90 for 4 year(s), 1 year(s) from 04/20/1999. |
| $60,000.00 consulting agreement for 2 year(s). |