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HomeServices.Com, Inc.
6800 France Avenue South, Suite 600, Edina, MN 55435 * (612) 928-5900
Business Description The company is the second largest residential real estate brokerage firm in the United States based on closed transaction sides on a pro forma basis. HomeServices also offers integrated real estate services,including mortgage and title insurance services, and is developing various related e-commerce services.
Offering
Information

Company has
gone public

Trading As  HMSV (NASNTL) Industry  Financial (SIC 6531)
Type of Stock Offered  Common Shares Filing Date  7/16/99
Domestic Shares Offered  3,250,000 Offer Date  10/8/99
Foreign Shares Offered  0 Filing Range  $15.00 - $17.00
Company Shares  3,250,000 Offer Price  $15.00
Selling Shrhldrs Shares  0 Gross Spread  $1.050
Gross Proceeds  $48,750,000 Selling  $0.630
Expenses  - - Reallowance  $0.100
Post-IPO Shares  10,422,900 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
U.S. Bancorp Piper Jaffray Lead Manager (612) 342-6220
CS First Boston Co-manager (212) 325-2000
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 12/31/94 12/31/95 12/31/96 12/31/97 12/31/98 3/31/98 3/31/99
Revenues   66.017 71.081 216.291 214.696 276.828 45.565 64.685
Income from Oper.   4.694 3.758 10.695 11.121 -0.636 -0.691 -1.544
Net Income   2.517 1.345 3.574 4.860 -1.481 -0.487 -1.427
E.P.S   - - - - - -0.100 -142.700
Revenue Growth (%)      7.67 204.29 -0.74 28.940   41.96
Net Income Growth (%)      -46.56 165.72 35.98 -   -
Oper. Profit Margin (%)    7.11 5.29 4.94 5.18 - - -
Net Profit Margin (%)    3.81 1.89 1.65 2.26 - - -
Cash Flow - Oper.     - -1.09 2.18
Cash Flow - Inv.     - -0.34 -2.22
Cash Flow - Fin.     - 1.70 -0.18
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 3/31/99 Financial Ratios
Total Assets    125.54 Current Assets    30.16 Current Ratio    1.04
Total Liab.    91.78 Current Liab.    29.09 Debt Ratio    73.11%
Total Equity    33.76 Working Cap.    1.07 Debt to Equity Ratio    2.72
Cash    2.90    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for general corporate purposes including acquisitions and the continued development of its E-commerce operations.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Skadden, Arps, Slate, Meagher & Flom
Bank's Law Firm  Chadbourne & Parke
Registrar/Transfer Agent  ChaseMellon Shareholder Services, L.L.C.
Auditor  Pricewaterhouse Coopers LLC
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Last updated: 10/10/99 3:42:00 PM
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