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Exelixis, Inc.
260 Littlefield Avenue, South San Francisco, CA 94080 * (650) 825-2200
Business Description The company is the leader in the fields of model system genetics and comparative genomics. These fields involve the systematic study of simple organisms, such as fruit flies, nematodes, mice, zebrafish and simple plants, to rapidly and efficiently determine gene function and establish its commercial utility in humans and other commercially important biological systems.
Offering
Information

Company has
gone public

Trading As  EXEL (NASNTL) Industry  Service (SIC 8731)
Type of Stock Offered  Common Shares Filing Date  2/7/00
Domestic Shares Offered  9,100,000 Offer Date  4/10/00
Foreign Shares Offered  0 Filing Range  $10.00 - $12.00
Company Shares  9,100,000 Offer Price  $13.00
Selling Shrhldrs Shares  0 Gross Spread  $0.910
Gross Proceeds  $118,300,000 Selling  $0.550
Expenses  - - Reallowance  $0.100
Post-IPO Shares  40,350,000 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Goldman, Sachs & Co. Lead Manager (212) 902-5959
CS First Boston Co-manager (212) 325-2000
SG Cowen Co-manager (212) 495-6000
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 0.000 0.000 2.272 10.510 - -
Income from Oper.   -2.986 -5.595 -11.966 -15.296 -18.767 - -
Net Income   -2.953 -5.311 -11.496 -15.666 -18.721 - -
E.P.S   -2.600 -4.500 -8.760 -3.830 -3.470 - -
Revenue Growth (%)      - - - 362.588   -
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -7.32 - -
Cash Flow - Inv.     -6.47 - -
Cash Flow - Fin.     17.14 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/99 Financial Ratios
Total Assets    18.90 Current Assets    8.03 Current Ratio    0.92
Total Liab.    21.73 Current Liab.    8.70 Debt Ratio    114.95%
Total Equity    -2.83 Working Cap.    -0.67 Debt to Equity Ratio    -
Cash    5.40    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for research and development activities, capital expenditures, financing possible acquisitions and investments in technology, working capital and other general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Cooley Godward Castro Huddleson & Tatum
Bank's Law Firm  Sullivan & Cromwell
Registrar/Transfer Agent  ChaseMellon Shareholder Services, L.L.C.
Auditor  Pricewaterhouse Coopers LLC
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
Atlas Venture 13.80  
Oxford Bioscience Partners 7.40  
Pharmacia & Upjohn AB 6.40  
Advent International Group 5.90  
Hambrecht & Quist Capital Management, Inc. 5.80  
PaineWebber Incorporated 5.30  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 5/29/00 12:56:23 AM
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