| IPO Company Profile © ipodata.com |
| Message Board | Quote | Chart | News | SEC Filings | Peer IPO Companies |
| Allied Riser Communications Corporation |
| 1700 Pacific Avenue, Dallas, TX 75201 * (214) 210-3000 |
| Business Description | The company is a facilities-based provider of broadband data, video and voice communications services to small and medium sized businesses in major metropolitan areas in the United States. |
| Offering Information Company has | |||
| Trading As | ARCC (NASNTL) | Industry | Telecommunications (SIC 4813) |
| Type of Stock Offered | Common Shares | Filing Date | 8/19/99 |
| Domestic Shares Offered | 15,750,000 | Offer Date | 10/28/99 |
| Foreign Shares Offered | 0 | Filing Range | $16.00 - $18.00 |
| Company Shares | 15,750,000 | Offer Price | $18.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.080 |
| Gross Proceeds | $283,500,000 | Selling | $0.640 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | - - | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-5959 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| 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 | 0.212 | 0.027 | 0.547 |
| Income from Oper. | - | - | - | -1.438 | -14.004 | -4.178 | -14.775 |
| Net Income | - | - | - | -1.497 | -14.610 | -4.382 | -14.407 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | - | - | 1,925.93 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -14.42 | -3.62 | -10.38 | ||||
| Cash Flow - Inv. | -8.12 | - | - | ||||
| Cash Flow - Fin. | 63.72 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/99 | Financial Ratios | ||||
| Total Assets | 47.22 | Current Assets | - | Current Ratio | - |
| Total Liab. | 11.31 | Current Liab. | - | Debt Ratio | 23.95% |
| Total Equity | 35.91 | Working Cap. | - | Debt to Equity Ratio | 0.31 |
| Cash | 24.31 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for the construction of in-building networks, general corporate purposes, working capital and business acquisitions and investments. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Skadden, Arps, Slate, Meagher & Flom |
| Bank's Law Firm | Shearman & Sterling |
| Registrar/Transfer Agent | American Stock Transfer & Trust Co |
| Auditor | Arthur Andersen |
| Send us feedback if you would like to request that we hyperlink a firm on this page | |
| Industry Competition |
The company faces competition from many entities with significantly greater financial resources, well-established brand names and larger customer bases. The numerous companies that may seek to enter the company's niche may expose it to severe price competition for the company's services or for building access rights. The company expects competition to intensify in the future. The company expects significant competition from traditional and new telecommunications companies, including local, long distance, cable modem, Internet, digital subscriber line, microwave, mobile and satellite data service providers. If these potential competitors successfully focus on our niche, there may be intense price competition which could impede the company's ability to become profitable. |
| Business Plan |
The company's objective is to be the primary provider of broadband communications services to our target market. To achieve this objective the company will employ the following strategies: (i) Partner with Real Estate Owners; (ii) Sell Broadband Connections and Bandwidth-Enabled Applications; (iii) Own the Key Elements of the Local Broadband Network; (iv) Capitalize On the Company's First Mover Advantage; (v) Design Networks for the Future; (vi) Target Small- and Medium-Sized Businesses; (vii) Focus Sales and Marketing Efforts; (viii) Expand the Company's Service Offerings; (ix) Offer Service to Customers In Selected Other Buildings; and (x) Provide Excellent Customer Care. |