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OpenTV Corp.
Abbot Building Mount Street, Road Town, Virgin Islands * 2844945491
Business Description The company is the leading worldwide provider of software that enables digital interactive television.
Offering
Information

Company has
gone public

Trading As  OPTV (NASNTL) Industry  High-Tech (SIC 7372)
Type of Stock Offered  Ordinary Shares Filing Date  10/25/1999
Domestic Shares Offered  3,750,000 Offer Date  11/22/1999
Foreign Shares Offered  3,750,000 Filing Range  $18.00 - $20.00
Company Shares  7,500,000 Offer Price  $20.00
Selling Shrhldrs Shares  0 Gross Spread  $1.400
Gross Proceeds  $150,000,000 Selling  $0.840
Expenses  - - Reallowance  $0.100
Post-IPO Shares  12,630,600 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Merrill Lynch & Co. Lead 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 9 Months Ending
Figures in U.S. millions except per share data     12/31/1996 12/31/1997 12/31/1998 09/30/1998 09/30/1999
Revenues   - - 1.018 6.959 9.468 6.116 17.557
Income from Oper.   - - -4.130 -10.802 -14.195 -10.621 -7.287
Net Income   - - -3.958 -10.689 -14.202 -10.620 -7.247
E.P.S   - - -0.090 -0.090 -0.090 -0.060 -0.040
Revenue Growth (%)      - - 583.60 36.054   187.07
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -11.05 -7.54 -5.44
Cash Flow - Inv.     -2.61 -1.78 -1.43
Cash Flow - Fin.     16.82 9.74 6.08
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 09/30/1999 Financial Ratios
Total Assets    18.31 Current Assets    6.93 Current Ratio    0.84
Total Liab.    12.00 Current Liab.    8.25 Debt Ratio    65.51%
Total Equity    6.32 Working Cap.    -1.33 Debt to Equity Ratio    1.90
Cash    2.58    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used to fund the development of our applications business, working capital and possible strategic acquisitions or investments.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Cravath, Swaine & Moore
Bank's Law Firm  Simpson, Thacher & Bartlett
Registrar/Transfer Agent  ChaseMellon Shareholder Services, L.L.C.
Auditor  Pricewaterhouse Coopers LLC
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
Myriad International Holdings BV 100.00  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 11/28/1999 9:06:04 PM
© 1999 IPO Data Systems, Inc. - All rights reserved.