| IPO Company Profile © ipodata.com |
| Message Board | Quote | Chart | News | SEC Filings | Peer IPO Companies | Company's Home Page |
| SBA Communications Corporation |
| One Town Center Road, Third Floor, Boca Raton, FL 33486 * (561) 995-7670 |
| Business Description | The company is a leading independent owner and operator of wireless communications infrastructure in the United States |
| Offering Information Company has | |||
| Trading As | SBAC (NASNTL) | Industry | Telecommunications (SIC 4899) |
| Type of Stock Offered | Common Shares | Filing Date | 04/19/1999 |
| Domestic Shares Offered | 10,000,000 | Offer Date | 06/16/1999 |
| Foreign Shares Offered | 0 | Filing Range | $10.00 - $12.00 |
| Company Shares | 10,000,000 | Offer Price | $9.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.630 |
| Gross Proceeds | $90,000,000 | Selling | $0.350 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 28,652,437 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Lehman Brothers Incorporated | Lead Manager | (212) 526-8100 |
| Deutsch Banc Alex. Brown | Co-manager | (410) 727-1700 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| 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 | 12/31/1994 | 12/31/1995 | 12/31/1996 | 12/31/1997 | 12/31/1998 | ||
| Revenues | 11.500 | 25.458 | 64.806 | 55.000 | 59.101 | - | - |
| Income from Oper. | 1.863 | 3.303 | 3.432 | 5.627 | -8.784 | - | - |
| Net Income | 1.108 | 1.979 | 1.980 | -0.716 | -22.476 | - | - |
| E.P.S | - | - | - | - | -2.640 | - | - |
| Revenue Growth (%) | 121.37 | 154.56 | -15.13 | 7.456 | - | ||
| Net Income Growth (%) | 78.61 | 0.05 | - | - | - | ||
| Oper. Profit Margin (%) | 16.20 | 12.97 | 5.30 | 10.23 | - | - | - |
| Net Profit Margin (%) | 9.63 | 7.77 | 3.06 | - | - | - | - |
| Cash Flow - Oper. | 7.47 | - | - | ||||
| Cash Flow - Inv. | -138.12 | - | - | ||||
| Cash Flow - Fin. | 151.29 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 214.57 | Current Assets | 45.84 | Current Ratio | 1.21 |
| Total Liab. | 207.11 | Current Liab. | 37.75 | Debt Ratio | 96.52% |
| Total Equity | 7.46 | Working Cap. | 8.08 | Debt to Equity Ratio | 27.75 |
| Cash | 26.74 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to pay dividends on Series A Preferred Stock, redeem outstanding Series B Preferred Stock, repay borrowings under credit facility, finance construction activities and future acquisitions. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Latham & Watkins |
| Bank's Law Firm | Simpson, Thacher & Bartlett |
| Auditor | Arthur Andersen |
| Send us feedback if you would like to request that we hyperlink a firm on this page | |