| IPO Company Profile © ipodata.com |
| Message Board | Quote | Chart | News | SEC Filings | Peer IPO Companies |
| LightSpan Partnership, Inc. The |
| 10140 Campus Point Drive, San Diego, CA 92121 * (858) 824-8000 |
| Business Description | The company is a leading provider of curriculum based educational software and Internet products and services used both in school and at home. |
| Offering Information Company has | |||
| Trading As | LSPN (NASNTL) | Industry | High-Tech (SIC 8299) |
| Type of Stock Offered | Common Shares | Filing Date | 11/1/99 |
| Domestic Shares Offered | 7,500,000 | Offer Date | 2/9/00 |
| Foreign Shares Offered | 0 | Filing Range | $10.00 - $12.00 |
| Company Shares | 7,500,000 | Offer Price | $12.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.840 |
| Gross Proceeds | $90,000,000 | Selling | $0.500 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | - - | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| CS First Boston | Lead Manager | (212) 325-2000 |
| Thomas Weisel Partners LLC | Co-manager | (415) 364-2500 |
| U.S. Bancorp Piper Jaffray | Co-manager | (612) 342-6220 |
| 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 | 1/31/97 | 1/31/98 | 1/31/99 | 7/31/98 | 7/31/99 | ||
| Revenues | - | - | 8.565 | 22.309 | 30.831 | 16.039 | 19.500 |
| Income from Oper. | - | - | -32.476 | -28.425 | -16.947 | -8.224 | -8.898 |
| Net Income | - | - | -32.589 | -28.953 | -16.529 | -7.981 | -8.968 |
| E.P.S | - | - | -5.360 | -4.560 | -2.440 | -1.200 | -1.210 |
| Revenue Growth (%) | - | - | 160.47 | 38.200 | 21.58 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -16.51 | -9.09 | -7.19 | ||||
| Cash Flow - Inv. | -0.70 | -0.60 | -0.65 | ||||
| Cash Flow - Fin. | 19.93 | 20.50 | 26.26 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 7/31/99 | Financial Ratios | ||||
| Total Assets | 39.89 | Current Assets | 38.03 | Current Ratio | 2.34 |
| Total Liab. | 17.05 | Current Liab. | 16.24 | Debt Ratio | 42.73% |
| Total Equity | 22.85 | Working Cap. | 21.79 | Debt to Equity Ratio | 0.75 |
| Cash | 25.57 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes including expanding our sales and marketing activities and continued development of our products and services, particularly our Internet offerings. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Cooley Godward Castro Huddleson & Tatum |
| Bank's Law Firm | O'Melveny & Meyers |
| Registrar/Transfer Agent | Harris Trust Company of California |
| Auditor | Ernst & Young |
| Send us feedback if you would like to request that we hyperlink a firm on this page | |
| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Liberty Digital, Inc. | 12.80 | |
| Accel Partners | 10.20 | |
| Kleiner, Perkins, Caufield & Byers | 9.80 | |
| Microsoft Corporation | 9.10 | |
| Comcast Cable Corporation | 8.00 | |
| Tribune Company | 6.00 | |
| JAFCO America Ventures, Inc. | 3.50 | |
| Note: represents ownership of 5% or more prior to the offering. | ||