| IPO Company Profile © ipodata.com |
| Message Board | Quote | Chart | News | SEC Filings | Peer IPO Companies |
| CAIS Internet, Inc. |
| 1255 22nd Street, Fourth Floor, Washington, DE 20037 * (202) 715-1300 |
| Business Description | The company is a tier one Internet Service Provider. The company focuses on providing the most cost effective, dedicated high speed Internet connections to commercial and residential customers using digital subscriber line technology and patented OverVoice technology. |
| Offering Information Company has | |||
| Trading As | CAIS (NASNTL) | Industry | Telecommunications (SIC 4813) |
| Type of Stock Offered | Common Shares | Filing Date | 02/22/1999 |
| Domestic Shares Offered | 6,000,000 | Offer Date | 05/19/1999 |
| Foreign Shares Offered | 0 | Filing Range | $14.00 - $16.00 |
| Company Shares | 6,000,000 | Offer Price | $19.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.330 |
| Gross Proceeds | $114,000,000 | Selling | $0.800 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 18,987,000 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Bear, Stearns & Co. Inc. | Lead Manager | (212) 272-4850 |
| First Union Capital Markets Corp. | Co-manager | (804) 649-2311 |
| Friedman, Billings, Ramsey & Co., Inc. | Co-manager | (703) 312-9571 |
| Volpe Brown Whelan & Company | Co-manager | (415) 274-4463 |
| Wit Capital Corporation | Co-manager | (212) 253-4400 |
| 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 | 0.481 | 2.240 | 3.697 | 4.556 | 5.315 | - | - |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | 0.089 | 0.944 | -0.529 | -4.586 | -11.568 | - | - |
| E.P.S | - | - | -0.110 | -0.480 | -1.170 | - | - |
| Revenue Growth (%) | 365.70 | 65.04 | 23.24 | 16.659 | - | ||
| Net Income Growth (%) | 960.67 | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | 18.50 | 42.14 | - | - | - | - | - |
| Cash Flow - Oper. | -3.21 | - | - | ||||
| Cash Flow - Inv. | -1.77 | - | - | ||||
| Cash Flow - Fin. | 4.92 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 15.68 | Current Assets | 9.14 | Current Ratio | 0.49 |
| Total Liab. | 29.28 | Current Liab. | 18.52 | Debt Ratio | 186.77% |
| Total Equity | -13.60 | Working Cap. | -9.37 | Debt to Equity Ratio | - |
| Cash | 0.10 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to expand business, including capital expenditures, increased sales and marketing and additional working capital associated with the rollout of their OverVoice technology and digital subscriber line services. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Swidler & Berlin, Chartered |
| Bank's Law Firm | Chadbourne & Parke |
| Registrar/Transfer Agent | American Stock Transfer & Trust Co |
| Auditor | Arthur Andersen |
| Send us feedback if you would like to request that we hyperlink a firm on this page | |