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| Digex, Incorporated |
| One Digex Plaza, Beltsville, MD 20705 * (301) 847-5000 |
| Business Description | The company is a leading provider of Internet hosting services to businesses and institutions implementing complex, interactive web sites and web based applications. |
| Offering Information Company has | |||
| Trading As | DIGX (NASNTL) | Industry | Telecommunications (SIC 4813) |
| Type of Stock Offered | Class A Common Shares | Filing Date | 04/27/1999 |
| Domestic Shares Offered | 10,000,000 | Offer Date | 07/29/1999 |
| Foreign Shares Offered | 0 | Filing Range | $14.00 - $16.00 |
| Company Shares | 10,000,000 | Offer Price | $17.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.190 |
| Gross Proceeds | $170,000,000 | Selling | $0.720 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 10,000,000 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Bear, Stearns & Co. Inc. | Lead Manager | (212) 272-4850 |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| Legg Mason Wood Walker, Inc. | Co-manager | (410) 539-4038 |
| 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 | - | - | 2.803 | 11.612 | 22.635 | - | - |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | -3.668 | -22.852 | -16.580 | - | - |
| E.P.S | - | - | - | -22.850 | -16.580 | - | - |
| Revenue Growth (%) | - | - | 314.27 | 94.928 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -10.93 | - | - | ||||
| Cash Flow - Inv. | -30.97 | - | - | ||||
| Cash Flow - Fin. | 41.90 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 77.74 | Current Assets | 7.02 | Current Ratio | 1.21 |
| Total Liab. | 6.89 | Current Liab. | 5.79 | Debt Ratio | 8.87% |
| Total Equity | 70.85 | Working Cap. | 1.23 | Debt to Equity Ratio | 0.10 |
| Cash | - | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to purchase or construct telecommunications related assets. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Kronish Lieb Weiner & Hellman |
| Bank's Law Firm | Latham & Watkins |
| Auditor | Ernst & Young |
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