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Webvan Group, Inc.
1241 East Hillsdale Boulevard, Suite 210, Foster City, CA 94404 * (650) 524-2200
Business Description The company is a Internet retailer providing same-day delivery of consumer products through an innovative proprietary business design that integrates our Webstore, distribution center and delivery system.
Offering
Information

Company has
gone public

Trading As  WBVN (NASNTL) Industry  Internet (SIC 7389)
Type of Stock Offered  Common Shares Filing Date  8/6/99
Domestic Shares Offered  25,000,000 Offer Date  11/4/99
Foreign Shares Offered  0 Filing Range  $13.00 - $15.00
Company Shares  25,000,000 Offer Price  $15.00
Selling Shrhldrs Shares  0 Gross Spread  $0.900
Gross Proceeds  $375,000,000 Selling  $0.540
Expenses  - - Reallowance  $0.100
Post-IPO Shares  - - Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Goldman, Sachs & Co. Lead Manager (212) 902-5959
Bear, Stearns & Co. Inc. Co-manager (212) 272-4850
Deutsch Banc Alex. Brown Co-manager (410) 727-1700
Donaldson, Lufkin & Jenrette Securities Corp. Co-manager (212) 371-0641
Merrill Lynch & Co. Co-manager (212) 449-4600
Robertson, Stephens & Company Co-manager (415) 989-8500
Thomas Weisel Partners LLC Co-manager (415) 364-2500
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 6 Months Ending
Figures in U.S. millions except per share data       12/31/97 12/31/98 6/30/98 6/30/99
Revenues   - - - 0.000 0.000 0.000 0.395
Income from Oper.   - - - - - - -
Net Income   - - - -2.840 -12.004 -3.262 -33.494
E.P.S   - - - -0.080 -0.180 -0.050 -0.460
Revenue Growth (%)      - - - -   -
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -2.22 -1.17 -22.56
Cash Flow - Inv.     -38.97 -4.45 -42.73
Cash Flow - Fin.     52.09 34.54 73.29
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 6/30/99 Financial Ratios
Total Assets    112.43 Current Assets    48.80 Current Ratio    2.87
Total Liab.    32.80 Current Liab.    17.03 Debt Ratio    29.18%
Total Equity    79.63 Working Cap.    31.77 Debt to Equity Ratio    0.41
Cash    21.84    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for funding construction of and equipment for distribution centers and for general corporate purposes including working capital.
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  Deloitte & Touche
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Last updated: 11/7/99 2:19:34 PM
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