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LookSmart, Ltd.
487 Bryant Street, San Francisco, CA 94107 * (415) 597-4850
Business Description The company is a leading category-based Internet directory provider which has assembled what we believe to be the largest collection of high quality granular content on the Internet.
Offering
Information

Company has
gone public

Trading As  LOOK (NASNTL) Industry  Internet (SIC 7373)
Type of Stock Offered  Common Shares Filing Date  06/14/1999
Domestic Shares Offered  7,700,000 Offer Date  08/19/1999
Foreign Shares Offered  0 Filing Range  $11.00 - $13.00
Company Shares  7,700,000 Offer Price  $12.00
Selling Shrhldrs Shares  0 Gross Spread  $0.840
Gross Proceeds  $92,400,000 Selling  $0.500
Expenses  - - Reallowance  $0.100
Post-IPO Shares  88,359,100 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Goldman, Sachs & Co. Lead Manager (212) 902-5959
BancBoston Robertson Stephens Co-manager (415) 989-8500
Hambrecht & Quist Incorporated Co-manager (415) 439-3626
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 3 Months Ending
Figures in U.S. millions except per share data       12/31/1997 12/31/1998 03/31/1998 03/31/1999
Revenues   - - - 0.949 8.785 0.804 6.580
Income from Oper.   - - - -7.329 -11.898 -1.563 -6.689
Net Income   - - - -7.514 -12.858 -1.672 -6.722
E.P.S   - - - -0.120 -1.030 -0.140 -0.520
Revenue Growth (%)      - - - 825.711   718.41
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -1.93 -1.04 -3.84
Cash Flow - Inv.     -2.48 -0.06 -1.78
Cash Flow - Fin.     7.88 2.08 60.54
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 03/31/1999 Financial Ratios
Total Assets    0.08 Current Assets    0.08 Current Ratio    3.08
Total Liab.    0.03 Current Liab.    0.02 Debt Ratio    37.31%
Total Equity    0.05 Working Cap.    0.05 Debt to Equity Ratio    0.60
Cash    0.06    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for general corporate purposes including working capital, marketing and promotional activities, new product development, increased personnel and potential acquisitions.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Wilson, Sonsini, Goodrich & Rosati
Bank's Law Firm  Shearman & Sterling
Registrar/Transfer Agent  ChaseMellon Shareholder Services, L.L.C.
Auditor  Pricewaterhouse Coopers LLC
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Last updated: 09/29/1999 3:51:44 AM
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