| IPO Company Profile © ipodata.com |
| Message Board | Quote | Chart | News | SEC Filings | Peer IPO Companies |
| Web Street, Inc. |
| 510 Lake Cook Road, Deerfield, IL 60015 * (847) 444-4700 |
| Business Description | The company provides online brokerage services to individual investors, primarily in the U.S. and Europe. Through our website, our customers can quickly execute equity and option trades at a low cost and conveniently access real-time trading information, financial market data and account information. |
| Offering Information Company has | |||
| Trading As | WEBS (NASNTL) | Industry | Financial (SIC 6211) |
| Type of Stock Offered | Common Shares | Filing Date | 08/25/1999 |
| Domestic Shares Offered | 3,750,000 | Offer Date | 11/16/1999 |
| Foreign Shares Offered | 0 | Filing Range | $9.00 - $11.00 |
| Company Shares | 3,750,000 | Offer Price | $11.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.770 |
| Gross Proceeds | $41,250,000 | Selling | $0.450 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 24,900,000 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Fahnestock & Co. Inc. | Lead Manager | (212) 668-8163 |
| Pacific Crest Securities Inc. | Co-manager | (503) 790-0293 |
| Web Street Securities, Inc. | Co-manager | (847) 444-4700 |
| 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 | 12/31/1996 | 12/31/1997 | 12/31/1998 | 06/30/1998 | 06/30/1999 | ||
| Revenues | - | - | 0.000 | 0.329 | 7.891 | 2.122 | 10.673 |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | -0.116 | -3.267 | -11.818 | -5.691 | -1.227 |
| E.P.S | - | - | -0.001 | -0.250 | -0.710 | -0.350 | -0.060 |
| Revenue Growth (%) | - | - | - | 2,298.480 | 402.97 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -9.69 | -5.19 | -0.28 | ||||
| Cash Flow - Inv. | -1.04 | -0.47 | -2.44 | ||||
| Cash Flow - Fin. | 11.03 | 4.92 | 4.55 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 06/30/1999 | Financial Ratios | ||||
| Total Assets | 8.56 | Current Assets | - | Current Ratio | - |
| Total Liab. | 3.48 | Current Liab. | - | Debt Ratio | 40.64% |
| Total Equity | 5.08 | Working Cap. | - | Debt to Equity Ratio | 0.68 |
| Cash | 3.40 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to market our services, to expand and improve our systems, to build a separate data center and for working capital and general corporate purposes possibly including acquisitions. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Katten Muchin & Zavis |
| Bank's Law Firm | Cravath, Swaine & Moore |
| Auditor | Arthur Andersen |
| Send us feedback if you would like to request that we hyperlink a firm on this page | |