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eSpeed, Inc.
One World Trade Center, 103rd Floor, New York, NY 10048 * (212) 938-3773
Business Description The company operates interactive electronic marketplaces designed to enable market participants to trade securities and other products in real-time, more effectively and at a lower cost than traditional trading environments.
Offering
Information

Company has
gone public

Trading As  ESPD (NASNTL) Industry  Internet (SIC 7379)
Type of Stock Offered  Class A Common Shares Filing Date  9/21/99
Domestic Shares Offered  8,500,000 Offer Date  12/9/99
Foreign Shares Offered  0 Filing Range  $17.00 - $19.00
Company Shares  6,000,000 Offer Price  $22.00
Selling Shrhldrs Shares  2,500,000 Gross Spread  - -
Gross Proceeds  $187,000,000 Selling  - -
Expenses  - - Reallowance  - -
Post-IPO Shares  - - Employees  - -
Spun out from Cantor Fitzgerald LP
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Warburg Dillon Read LLC Lead Manager (203) 719-4290
Cantor Fitzgerald Co-manager  
Hambrecht & Quist Incorporated Co-manager (415) 439-3626
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 4 Months Ending
Figures in U.S. millions except per share data             6/25/99
Revenues   - - - - - - 12.518
Income from Oper.   - - - - - - -
Net Income   - - - - - - -3.595
E.P.S   - - - - - - -
Revenue Growth (%)      - - - -   -
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     - - 1.15
Cash Flow - Inv.     - - -1.15
Cash Flow - Fin.     - - 0.03
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 6/25/99 Financial Ratios
Total Assets    9.08 Current Assets    - Current Ratio    -
Total Liab.    7.19 Current Liab.    - Debt Ratio    79.23%
Total Equity    1.89 Working Cap.    - Debt to Equity Ratio    3.82
Cash    0.03    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for technological and product development and improvements in existing and new marketplaces, sales, marketing and advertising, payment to Cantor of the cash portion of the consideration for our ESEEE system assets, and working capital and general corporate purposes including possible acquisitions.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Morgan, Lewis & Bockius
Bank's Law Firm  Dewey Ballantine
Auditor  Deloitte & Touche
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Last updated: 12/12/99 1:39:23 PM
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