| IPO Company Profile © ipodata.com |
| Message Board | SEC Filings | Peer IPO Companies |
| Lexent, Inc. |
| Three New York Plaza, New York, NY 10004 * (212) 981-0700 |
| Business Description | The company is a leading provider of outsourced local telecommunications network services for established and emerging communications companies, including competitive local exchange carriers, Internet service providers and carriers' carriers. Our principal focus is to provide the expertise and resources our customers need to build and connect their networks to other local and long distance carriers and to individual end users. |
|
Filing Information Not yet | |||
| To Trade As | LXNT (NASNTL) | Industry | Service (SIC 7381) |
| Type of Stock Offered | Common Shares | Filing Date | 2/18/00 |
| Domestic Shares Filed | 5,800,000 | Filing Range | $12.00 - $14.00 |
| Foreign Shares Filed | 0 | Offering Amount | $75,400,000 |
| Company Shares | 5,800,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| CS First Boston | Lead Manager | (212) 325-2000 |
| Chase H&Q; | Co-manager | (415) 439-3626 |
| Raymond James & Associates, Inc. | Co-manager | (813) 573-8108 |
| 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 | 12/31/97 | 12/31/98 | 12/31/99 | ||||
| Revenues | - | - | 53.718 | 70.959 | 150.862 | - | - |
| Income from Oper. | - | - | 3.500 | 6.517 | 18.362 | - | - |
| Net Income | - | - | 2.189 | 3.828 | 9.256 | - | - |
| E.P.S | - | - | 0.140 | 0.230 | 0.570 | - | - |
| Revenue Growth (%) | - | - | 32.10 | 112.604 | - | ||
| Net Income Growth (%) | - | - | 74.87 | 141.80 | - | ||
| Oper. Profit Margin (%) | - | - | 6.52 | 9.18 | 12.17 | - | - |
| Net Profit Margin (%) | - | - | 4.07 | 5.39 | 6.14 | - | - |
| Cash Flow - Oper. | 0.01 | - | - | ||||
| Cash Flow - Inv. | -2.91 | - | - | ||||
| Cash Flow - Fin. | 2.57 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/99 | Financial Ratios | ||||
| Total Assets | 59.54 | Current Assets | 52.81 | Current Ratio | 1.89 |
| Total Liab. | 56.66 | Current Liab. | 27.96 | Debt Ratio | 95.18% |
| Total Equity | 2.87 | Working Cap. | 24.85 | Debt to Equity Ratio | 19.74 |
| Cash | 1.16 | Return on Assets | 15.55% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to reduce outstanding borrowings under our revolving credit facility, to pay dividends accrued on redeemable preferred stock and for working capital and general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Simpson, Thacher & Bartlett |
| Bank's Law Firm | Reboul MacMurray Hewitt Maynard & Kristol |
| 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 |
| Kevin M. O'Kane | 37.88 | |
| Hugh J. O'Kane, Jr. | 31.57 | |
| Abbott Capital 1330 Investors I, L.P. | 20.53 | |
| Allegra Capital Partners III, L.P. | 10.33 | |
| Note: represents ownership of 5% or more prior to the offering. | ||