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| iBasis, Inc. |
| 20 Second Avenue, Burlington, MA 01803 * (781) 505-7500 |
| Business Description | The company is a leading provider of high quality Internet telephony services that enable telecommunications carriers and other communications service providers to offer international voice, fax and other value-added applications over the Internet. |
| Offering Information Company has | |||
| Trading As | IBAS (NASNTL) | Industry | Telecommunications (SIC 4813) |
| Type of Stock Offered | Common Shares | Filing Date | 8/19/99 |
| Domestic Shares Offered | 6,800,000 | Offer Date | 11/9/99 |
| Foreign Shares Offered | 0 | Filing Range | $12.00 - $14.00 |
| Company Shares | 6,800,000 | Offer Price | $16.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.120 |
| Gross Proceeds | $108,800,000 | Selling | $0.680 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 30,416,600 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Robertson, Stephens & Company | Lead Manager | (415) 989-8500 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 439-3626 |
| U.S. Bancorp Piper Jaffray | Co-manager | (612) 342-6220 |
| 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 | 12/31/96 | 12/31/97 | 12/31/98 | 6/30/98 | 6/30/99 | ||
| Revenues | - | - | 0.000 | 0.127 | 1.978 | 0.186 | 6.037 |
| Income from Oper. | - | - | -0.076 | -0.947 | -5.850 | -1.869 | -7.155 |
| Net Income | - | - | -0.076 | -0.926 | -5.727 | -1.875 | -7.254 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | - | 1,457.480 | 3,145.70 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -2.13 | -1.54 | -6.44 | ||||
| Cash Flow - Inv. | -3.77 | -0.45 | -0.48 | ||||
| Cash Flow - Fin. | 11.61 | 1.27 | 2.97 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/99 | Financial Ratios | ||||
| Total Assets | 16.26 | Current Assets | 6.49 | Current Ratio | 0.86 |
| Total Liab. | 26.52 | Current Liab. | 7.54 | Debt Ratio | 163.04% |
| Total Equity | -10.25 | Working Cap. | -1.05 | Debt to Equity Ratio | - |
| Cash | 3.55 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes and working capital purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Bingham, Dana & Gould |
| Bank's Law Firm | Hale and Dorr |
| Registrar/Transfer Agent | EquiServe |
| Auditor | Arthur Andersen |
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