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| Korea Thrunet Co. Ltd. |
| 462 Broadway, 6th Floor, New York, NY 10013 * (212) 219-8555 |
| Business Description | The company is a provider of high speed Internet services. The company moves Internet data over fiber optic lines leased from Korea Electric. The lines are connected to the company's end users through a cable network that the company also leases from the power company. |
| Offering Information Company has | |||
| Trading As | KOREA (NASNTL) | Industry | Internet (SIC 7375) |
| Type of Stock Offered | American Depositary Receipts | Filing Date | 10/27/99 |
| Domestic Shares Offered | 10,100,000 | Offer Date | 11/16/99 |
| Foreign Shares Offered | 0 | Filing Range | $12.00 - $14.00 |
| Company Shares | 10,100,000 | Offer Price | $18.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.260 |
| Gross Proceeds | $181,800,000 | Selling | $0.750 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | - - | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Lehman Brothers Incorporated | Lead Manager | (212) 526-8100 |
| Bear, Stearns & Co. Inc. | Co-manager | (212) 272-4850 |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| Use Of Proceeds |
The proceeds from the proposed offering will be used to fund capital expenditures, operating losses, and possible acquisitions. |