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| NextCard, Inc. |
| 595 Market Street Suite 1800, San Francisco, CA 94105 * (415) 836-9700 |
| Business Description | The company is an Internet-based provider of consumer credit. |
| Offering Information Company has | |||
| Trading As | NXCD (NASNTL) | Industry | Financial (SIC 6141) |
| Type of Stock Offered | Common Shares | Filing Date | 03/19/1999 |
| Domestic Shares Offered | 6,000,000 | Offer Date | 05/14/1999 |
| Foreign Shares Offered | 0 | Filing Range | $17.00 - $19.00 |
| Company Shares | 6,000,000 | Offer Price | $20.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | - - |
| Gross Proceeds | $120,000,000 | Selling | - - |
| Expenses | - - | Reallowance | - - |
| Post-IPO Shares | 43,667,000 | Employees | 122 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 371-0641 |
| DLJDirect, Inc. | Co-manager | (800) 825-5723 |
| Thomas Weisel Partners LLC | Co-manager | (415) 364-2500 |
| U.S. Bancorp Piper Jaffray | Co-manager | (612) 342-6220 |
| 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 | 12/31/1998 | ||||||
| Revenues | - | - | - | - | 1.137 | - | - |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | - | - | -15.564 | - | - |
| E.P.S | - | - | - | - | -22.120 | - | - |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -11.19 | - | - | ||||
| Cash Flow - Inv. | -2.06 | - | - | ||||
| Cash Flow - Fin. | 50.54 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 45.54 | Current Assets | - | Current Ratio | - |
| Total Liab. | 5.61 | Current Liab. | - | Debt Ratio | 12.31% |
| Total Equity | 39.94 | Working Cap. | - | Debt to Equity Ratio | 0.14 |
| Cash | 40.13 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes including working capital, funding of credit card receivables and potential future capitalization of NextBank N.A |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Howard, Rice, Nemerovski, Canady, Robertson, Falk |
| Bank's Law Firm | Gunderson Dettmer Stough Villeneuve Franklin |
| Auditor | Ernst & Young |
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