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| NetObjects, Inc. |
| 301 Galveston Drive, Redwood City, CA 94063 * (650) 482-3200 |
| Business Description | The company is a leading provider of e-business software and solutions that enable small to medium-sized companies and large-scale enterprises to build, deploy and maintain web sites on the Internet and corporate intranets. |
| Offering Information Company has | ||||
| Trading As | NETO (NASNTL) | Industry | Internet (SIC 7372) | |
| Type of Stock Offered | Common Shares | Filing Date | 02/05/1999 | |
| Domestic Shares Offered | 6,000,000 | Offer Date | 05/07/1999 | |
| Foreign Shares Offered | 0 | Filing Range | $11.00 - $13.00 | |
| Company Shares | 6,000,000 | Offer Price | $12.00 | |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.840 | |
| Gross Proceeds | $72,000,000 | Selling | $0.470 | |
| Expenses | - - | Reallowance | $0.100 | |
| Post-IPO Shares | 26,112,862 | Employees | - - | |
| Spun out from: | International Business Machines | |||
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| BT Alex Brown | Lead Manager | (410) 727-1700 |
| BancBoston Robertson Stephens | Co-manager | (415) 989-8500 |
| Piper Jaffray Incorporated | Co-manager | (612) 342-6220 |
| Wit Capital Corporation | Co-manager | (212) 253-4400 |
| 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 | 09/30/1996 | 09/30/1997 | 09/30/1998 | 12/31/1997 | 12/31/1998 | ||
| Revenues | - | - | 0.000 | 7.567 | 15.270 | 2.285 | 5.617 |
| Income from Oper. | - | - | -6.741 | -17.564 | -20.970 | -5.892 | -4.094 |
| Net Income | - | - | -6.695 | -17.799 | -22.224 | -6.067 | -8.600 |
| E.P.S | - | - | -4.890 | -10.890 | -13.110 | -3.720 | -4.640 |
| Revenue Growth (%) | - | - | - | 101.797 | 145.82 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -19.04 | -0.61 | -8.25 | ||||
| Cash Flow - Inv. | -0.79 | -0.21 | -0.70 | ||||
| Cash Flow - Fin. | 19.98 | 0.96 | 9.79 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 7.50 | Current Assets | 5.40 | Current Ratio | 0.68 |
| Total Liab. | 36.68 | Current Liab. | 7.89 | Debt Ratio | 488.92% |
| Total Equity | -29.18 | Working Cap. | -2.49 | Debt to Equity Ratio | - |
| Cash | 1.29 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used repayment of secured debt to IBM Credit Corporation, working capital and for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Graham & James |
| Bank's Law Firm | Cravath, Swaine & Moore |
| Registrar/Transfer Agent | Boston Equiserve Limited Partnership |
| Auditor | KPMG LLC |
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