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Lexicon Genetics, Inc.
4000 Research Forest Drive, The Woodlands, TX 77381 * (281) 364-0100
Business Description The company is using technology that we invented to define the functions of genes for drug discovery. This technology, which we refer to as gene trapping, alters the DNA of genes in a special variety of mouse cells, called embryonic stem (ES) cells, which can be cloned and used to generate mice.
Offering
Information

Company has
gone public

Trading As  LEXG (NASNTL) Industry  Pharmaceutical (SIC 2834)
Type of Stock Offered  Common Shares Filing Date  2/9/00
Domestic Shares Offered  10,000,000 Offer Date  4/6/00
Foreign Shares Offered  0 Filing Range  $22.00 - $24.00
Company Shares  10,000,000 Offer Price  $22.00
Selling Shrhldrs Shares  0 Gross Spread  $1.540
Gross Proceeds  $220,000,000 Selling  $0.920
Expenses  - - Reallowance  $0.100
Post-IPO Shares  47,515,051 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
J.P. Morgan & Co. Lead Manager (212) 648-0517
CS First Boston Co-manager (212) 325-2000
Dain Rauscher Wessels Co-manager (612) 371-2818
Punk, Ziegel & Knoell Co-manager (212) 308-9494
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures - - Months Ending
Figures in U.S. millions except per share data 12/31/95 12/31/96 12/31/97 12/31/98 12/31/99    
Revenues   0.000 0.306 0.968 2.242 4.738 - -
Income from Oper.   -0.681 -2.867 -5.476 -8.192 -12.821 - -
Net Income   -0.672 -2.879 -5.402 -7.481 -12.475 - -
E.P.S   -0.070 -0.170 -0.230 -0.320 -0.530 - -
Revenue Growth (%)      - 216.34 131.61 111.329   -
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -9.61 - -
Cash Flow - Inv.     5.17 - -
Cash Flow - Fin.     3.45 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/99 Financial Ratios
Total Assets    22.29 Current Assets    12.62 Current Ratio    1.19
Total Liab.    44.23 Current Liab.    10.60 Debt Ratio    198.39%
Total Equity    -21.94 Working Cap.    2.02 Debt to Equity Ratio    -
Cash    2.03    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used to increase functional genomic research efforts; expand the Human Gene Trap database and Omnibank database and library; generate full-length gene sequence for potential drug targets and therapeutic proteins and fund working capital expenditures and other general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Andrews & Kurth
Bank's Law Firm  Cahill Gordon & Reindel
Registrar/Transfer Agent  ChaseMellon Shareholder Services, L.L.C.
Auditor  Arthur Andersen
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
Baylor College of Medicine 15.90  
Patricof & Co. Ventures, Inc. 8.00  
Apax Partners & Co. 8.00  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 5/29/00 12:56:43 AM
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