IPO Company Profile © ipodata.com
Message Board  |   Quote  |   Chart |  News  |   SEC Filings  |   Peer IPO Companies   |  Company's Home Page
Improvenet, Inc.
720 Bay Road, Suite 200, Redwood City, CA 94063 * (650) 701-8000
Business Description The company is a leading source on the Internet for home improvement information and services.
Offering
Information

Company has
gone public

Trading As  IMPV (NASNTL) Industry  Construction (SIC 1521)
Type of Stock Offered  Common Shares Filing Date  12/16/99
Domestic Shares Offered  2,760,000 Offer Date  3/15/00
Foreign Shares Offered  0 Filing Range  $14.00 - $16.00
Company Shares  2,760,000 Offer Price  $16.00
Selling Shrhldrs Shares  0 Gross Spread  $1.120
Gross Proceeds  $44,160,000 Selling  $0.680
Expenses  - - Reallowance  $0.100
Post-IPO Shares  - - Employees  127
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
CS First Boston Lead Manager (212) 325-2000
E*OFFERING Corp. Co-manager (415) 835-1560
Robertson, Stephens & Company Co-manager (415) 989-8500
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     12/31/96 12/31/97 12/31/98 9/30/98 9/30/99
Revenues   - - 0.002 0.060 0.258 0.144 1.285
Income from Oper.   - - -0.360 -1.239 -4.199 -2.654 -19.219
Net Income   - - -0.359 -1.328 -4.832 -3.071 -19.134
E.P.S   - - -0.730 -1.080 -3.490 -2.220 -12.870
Revenue Growth (%)      - - 2,900.00 330.000   792.36
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -3.24 -2.17 -14.03
Cash Flow - Inv.     -0.27 -0.23 -2.43
Cash Flow - Fin.     4.84 4.55 37.87
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 9/30/99 Financial Ratios
Total Assets    29.51 Current Assets    26.80 Current Ratio    4.35
Total Liab.    6.36 Current Liab.    6.16 Debt Ratio    21.55%
Total Equity    23.16 Working Cap.    20.65 Debt to Equity Ratio    0.27
Cash    23.09    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for capital expenditures, working capital and other general corporate purposes including expansion of sales and marketing programs, product development and general and administrative operations and potential acquisitions.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Cooley Godward Castro Huddleson & Tatum
Bank's Law Firm  Fenwick & West
Auditor  Pricewaterhouse Coopers LLC
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
Alta California Partners, L.P. 17.60  
ARCH Venture Fund III, L.P. 13.40  
GE Capital Equity Investments, Inc. 12.10  
August Capital II, L.P. 12.10  
Microsoft Corporation 9.00  
Owens Corning 6.70  
Allstate Insurance Company 6.20  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 5/29/00 12:56:34 AM
© 1999 IPO Data Systems, Inc. - All rights reserved.