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Proxicom, Inc.
11600 Sunrise Valley Drive, Reston, VA 20191 * (703) 262-3200
Business Description The company is a leading provider of Internet solutions to Global 1000 companies and other large organizations. Since 1994, we have focused exclusively on the Internet and have successfully completed over 600 client engagements. Our Internet solutions include business to consumer electronic commerce Internet sites, business to business electronic commerce extranets and company-specific intranets.
Offering
Information

Company has
gone public

Trading As  PXCM (NASNTL) Industry  Internet (SIC 7371)
Type of Stock Offered  Common Shares Filing Date  02/12/1999
Domestic Shares Offered  4,500,000 Offer Date  04/19/1999
Foreign Shares Offered  0 Filing Range  $13.00 - $14.00
Company Shares  4,000,000 Offer Price  $13.00
Selling Shrhldrs Shares  500,000 Gross Spread  $0.910
Gross Proceeds  $58,500,000 Selling  $0.520
Expenses  - - Reallowance  $0.100
Post-IPO Shares  23,739,447 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
BT Alex Brown Lead Manager (410) 727-1700
Friedman, Billings, Ramsey & Co., Inc. Co-manager (703) 312-9571
Prudential Securities Incorporated Co-manager (212) 778-5420
Thomas Weisel Partners LLC Co-manager (415) 364-2500
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 12/31/1994 12/31/1995 12/31/1996 12/31/1997 12/31/1998    
Revenues   1.258 6.089 12.431 27.356 42.405 - -
Income from Oper.   0.130 1.165 1.214 2.943 -21.431 - -
Net Income   0.096 0.876 1.084 2.693 -20.642 - -
E.P.S   0.010 0.070 0.080 0.210 -1.500 - -
Revenue Growth (%)      384.02 104.16 120.06 55.012   -
Net Income Growth (%)      812.50 23.74 148.43 -   -
Oper. Profit Margin (%)    10.33 19.13 9.77 10.76 - - -
Net Profit Margin (%)    7.63 14.39 8.72 9.84 - - -
Cash Flow - Oper.     -4.00 - -
Cash Flow - Inv.     -0.87 - -
Cash Flow - Fin.     5.01 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/1998 Financial Ratios
Total Assets    22.08 Current Assets    - Current Ratio    -
Total Liab.    15.08 Current Liab.    - Debt Ratio    68.31%
Total Equity    7.00 Working Cap.    - Debt to Equity Ratio    2.16
Cash    2.48    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for general corporate purposes, working capital, expansion of operations and sales and marketing capabilities and possible acquisitions
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Hogan & Hartson
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 3:52:15 AM
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