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| QXL.com plc |
| Landmark House Hammersmith Bridge Road, London, United Kingdom W6 9DP |
| Business Description | The company is a leading pan-European online auction community, in terms of net revenues and number of members. We conduct consumer-to-consumer and business-to-consumer auctions in four languages and currencies. |
| Offering Information Company has | |||
| Trading As | QXLC (NASNTL) | Industry | Internet (SIC 7389) |
| Type of Stock Offered | American Depositary Receipts | Filing Date | 9/2/99 |
| Domestic Shares Offered | 5,600,000 | Offer Date | 10/6/99 |
| Foreign Shares Offered | 0 | Filing Range | $13.89 - $17.07 |
| Company Shares | 5,600,000 | Offer Price | $16.15 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.130 |
| Gross Proceeds | $90,439,998 | Selling | $0.678 |
| Expenses | - - | Reallowance | - - |
| Post-IPO Shares | 25,853,718 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| CS First Boston | Lead Manager | (212) 325-2000 |
| BancBoston Robertson Stephens | Co-manager | (415) 989-8500 |
| SG Cowen | Co-manager | (212) 495-6000 |
| Warburg Dillon Read LLC | Co-manager | (203) 719-4290 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 3/31/98 | 3/31/99 | 6/30/98 | 6/30/99 | |||
| Revenues | - | - | - | 0.150 | 4.188 | 0.370 | 1.964 |
| Income from Oper. | - | - | - | -0.228 | -3.412 | -0.110 | -3.200 |
| Net Income | - | - | - | -0.234 | -3.347 | -0.105 | -3.002 |
| E.P.S | - | - | - | -0.020 | -0.120 | 0.000 | -0.110 |
| Revenue Growth (%) | - | - | - | 2,692.000 | 430.81 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -3.28 | - | - | ||||
| Cash Flow - Inv. | -0.31 | - | - | ||||
| Cash Flow - Fin. | 14.22 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/99 | Financial Ratios | ||||
| Total Assets | 44.10 | Current Assets | - | Current Ratio | - |
| Total Liab. | 48.69 | Current Liab. | - | Debt Ratio | 110.42% |
| Total Equity | -4.60 | Working Cap. | 36.60 | Debt to Equity Ratio | - |
| Cash | 39.34 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for the expansion of our advertising campaign and our sales and marketing organization, promotion of our brand, further development of our technology, expansion of our websites into additional European languages and currencies, and for working capital and general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Brobeck Hale and Dorr International |
| Bank's Law Firm | Cleary, Gottlieb, Steen & Hamilton |
| Auditor | Pricewaterhouse Coopers LLC |
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