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| StarMedia Network, Inc. |
| 29 West 36th Street, Fifth Floor, New York, NY 10018 * (212) 548-9600 |
| Business Description | The company is the leading online network across Latin America. The network provides 16 interest-specific channels, extensively community features, sophisticated search capabilities and online shopping in Spanish and Portuguese. |
| Offering Information Company has | |||
| Trading As | STRM (NASNTL) | Industry | Internet (SIC 7375) |
| Type of Stock Offered | Common Shares | Filing Date | 03/18/1999 |
| Domestic Shares Offered | 7,000,000 | Offer Date | 05/25/1999 |
| Foreign Shares Offered | 0 | Filing Range | $13.00 - $15.00 |
| Company Shares | 7,000,000 | Offer Price | $15.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.050 |
| Gross Proceeds | $105,000,000 | Selling | $0.600 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 49,423,667 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-5959 |
| BancBoston Robertson Stephens | Co-manager | (415) 989-8500 |
| J.P. Morgan Securities Inc. | Co-manager | (212) 648-0517 |
| Salomon Smith Barney | Co-manager | (212) 723-7300 |
| 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 | 12/31/1996 | 12/31/1997 | 12/31/1998 | ||||
| Revenues | - | - | 0.000 | 0.460 | 5.329 | - | - |
| Income from Oper. | - | - | -0.128 | -3.563 | -46.556 | - | - |
| Net Income | - | - | -0.128 | -3.713 | -50.422 | - | - |
| E.P.S | - | - | -0.010 | -0.370 | -4.940 | - | - |
| Revenue Growth (%) | - | - | - | 1,058.478 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -30.65 | - | - | ||||
| Cash Flow - Inv. | -4.64 | - | - | ||||
| Cash Flow - Fin. | 87.99 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 60.99 | Current Assets | 55.28 | Current Ratio | 7.12 |
| Total Liab. | 7.89 | Current Liab. | 7.76 | Debt Ratio | 12.93% |
| Total Equity | 53.10 | Working Cap. | 47.51 | Debt to Equity Ratio | 0.15 |
| Cash | 53.14 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to fund marketing activities, expansion of sales force, enhance products and services, improve network infrastructure, make strategic investments and acquisitions and for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Brobeck, Phleger & Harrison |
| Bank's Law Firm | Ropes & Gray |
| Registrar/Transfer Agent | American Stock Transfer & Trust Co |
| Auditor | Ernst & Young |
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