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| StorageNetworks, Inc. |
| 100 Fifth Avenue, Waltham, MA 02451 * (781) 434-6700 |
| Business Description | The company is the leading data storage services provider. The company is building the first global data storage network, allowing their customers to connect their computer systems to the company's network to store and access their data in much the same way they obtain and use electricity or telephone service. |
| Offering Information Company has | |||
| Trading As | STOR (NASNTL) | Industry | Internet (SIC 7389) |
| Type of Stock Offered | Common Shares | Filing Date | 3/2/00 |
| Domestic Shares Offered | 9,000,000 | Offer Date | 6/29/00 |
| Foreign Shares Offered | 0 | Filing Range | $23.00 - $25.00 |
| Company Shares | 9,000,000 | Offer Price | $27.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.890 |
| Gross Proceeds | $243,000,000 | Selling | $1.130 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 88,260,000 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-5959 |
| CS First Boston | Co-manager | (212) 325-2000 |
| Thomas Weisel Partners LLC | Co-manager | (415) 364-2500 |
| Wit SoundView | Co-manager |
| 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 | 12/31/99 | ||||||
| Revenues | - | - | - | - | 6.258 | - | - |
| Income from Oper. | - | - | - | - | -23.592 | - | - |
| Net Income | - | - | - | - | -22.613 | - | - |
| E.P.S | - | - | - | - | -0.930 | - | - |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | - | - | - | ||||
| Cash Flow - Inv. | - | - | - | ||||
| Cash Flow - Fin. | - | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/99 | Financial Ratios | ||||
| Total Assets | 67.26 | Current Assets | 39.48 | Current Ratio | 2.74 |
| Total Liab. | 30.25 | Current Liab. | 14.43 | Debt Ratio | 44.98% |
| Total Equity | 37.01 | Working Cap. | 25.05 | Debt to Equity Ratio | 0.82 |
| Cash | 34.82 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes, including working capital and capital expenditures. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Hale and Dorr |
| Bank's Law Firm | Ropes & Gray |
| Auditor | Ernst & Young |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Entities affiliated with The Goldman Sachs Group, Inc. | 14.53 | |
| Greylock IX Limited Partnership | 8.14 | |
| Entities affiliated with Sigma Partners | 8.14 | |
| GC Dev. Co., Inc. | 6.66 | |
| Dell USA L.P. | 6.66 | |
| Entities affiliated with PH Ventures II, LLC | 5.81 | |
| Note: represents ownership of 5% or more prior to the offering. | ||