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| Garage.com, Inc. |
| 420 Florence Avenue, Palo Alto, CA 94301 * (650) 470-0950 |
| Business Description | The company operates an online business-to-business marketplace that helps entrepreneurs and investors create, build, and fund promising early-stage technology startups. We target our services at startups seeking to raise initial financing of between $0.5 million and $10 million. |
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Filing Information Not yet | |||
| To Trade As | GRGE (NASNTL) | Industry | Financial (SIC 6799) |
| Type of Stock Offered | Common Shares | Filing Date | 2/11/00 |
| Domestic Shares Filed | 3,500,000 | Filing Range | $12.00 - $14.00 |
| Foreign Shares Filed | 0 | Offering Amount | $45,500,000 |
| Company Shares | 3,500,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | 32,788,829 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-5959 |
| CS First Boston | Co-manager | (212) 325-2000 |
| Robertson, Stephens & Company | Co-manager | (415) 989-8500 |
| 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 | 12/31/98 | 12/31/99 | 3/31/99 | 3/31/00 | |||
| Revenues | - | - | - | 0.149 | 5.855 | 0.248 | 3.688 |
| Income from Oper. | - | - | - | -1.504 | 0.567 | -0.263 | 0.907 |
| Net Income | - | - | - | -1.504 | 0.550 | -0.263 | 0.809 |
| E.P.S | - | - | - | -0.860 | 0.130 | -0.090 | 0.140 |
| Revenue Growth (%) | - | - | - | 3,829.530 | 1,387.10 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | 9.68 | 24.59 | - |
| Net Profit Margin (%) | - | - | - | - | 9.39 | 21.94 | - |
| Cash Flow - Oper. | 1.20 | -0.19 | 0.16 | ||||
| Cash Flow - Inv. | -0.66 | -0.02 | -4.25 | ||||
| Cash Flow - Fin. | 12.77 | 0.08 | 27.08 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/00 | Financial Ratios | ||||
| Total Assets | 47.66 | Current Assets | 41.23 | Current Ratio | 14.53 |
| Total Liab. | 2.84 | Current Liab. | 2.84 | Debt Ratio | 5.95% |
| Total Equity | 44.82 | Working Cap. | 38.39 | Debt to Equity Ratio | 0.06 |
| Cash | 39.12 | Return on Assets | 1.70% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes including working capital and the opening of additional offices, the funding of anticipated losses, and to exercise rights to buy stock in client companies. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Wilson, Sonsini, Goodrich & Rosati |
| Bank's Law Firm | Shearman & Sterling |
| Registrar/Transfer Agent | ChaseMellon Shareholder Services, L.L.C. |
| Auditor | Ernst & Young |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Funds affiliated with Advanced Technology Ventures | 10.30 | |
| VLG Investments 1997 | 7.00 | |
| E*TRADE Group, Inc | 6.10 | |
| Note: represents ownership of 5% or more prior to the offering. | ||