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Ciphergen Biosystems, Inc.
490 San Antonio Road, Palo Alto, CA 94306 * (650) 496-3770
Business Description The company develops, manufactures and markets a proprietary ProteinChip System that enables protein discovery, characterization and assay development to provide a better understanding of biological functions at the protein level.
Offering
Information

Company has
gone public

Trading As  CIPH (NASNTL) Industry  Service (SIC 8731)
Type of Stock Offered  Common Shares Filing Date  3/20/00
Domestic Shares Offered  5,500,000 Offer Date  9/28/00
Foreign Shares Offered  0 Filing Range  $14.00 - $16.00
Company Shares  5,500,000 Offer Price  $16.00
Selling Shrhldrs Shares  0 Gross Spread  $1.120
Gross Proceeds  $88,000,000 Selling  $0.670
Expenses  - - Reallowance  $0.100
Post-IPO Shares  25,130,567 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
SG Cowen Lead Manager (212) 495-6000
ING Baring Furman Selz Co-manager (212) 309-8200
Warburg Dillon Read LLC Co-manager (203) 719-3000
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   - - 1.283 2.933 5.010 - -
Income from Oper.   - - -6.583 -8.167 -7.625 - -
Net Income   - - -6.809 -8.310 -7.681 - -
E.P.S   - - -1.010 -0.720 -0.520 - -
Revenue Growth (%)      - - 128.60 70.815   -
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -5.08 - -
Cash Flow - Inv.     -0.92 - -
Cash Flow - Fin.     1.80 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/99 Financial Ratios
Total Assets    6.15 Current Assets    4.84 Current Ratio    1.46
Total Liab.    29.43 Current Liab.    3.31 Debt Ratio    478.72%
Total Equity    -23.28 Working Cap.    1.53 Debt to Equity Ratio    -
Cash    2.80    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for research and development activities, including establishment of Biomarker Discovery Centers, expansion of facilities and expansion of sales and marketing capabilities, and for general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Wilson, Sonsini, Goodrich & Rosati
Bank's Law Firm  Brobeck, Phleger & Harrison
Auditor  Pricewaterhouse Coopers LLC
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
T. William Hutchens 16.20  
James L. Rathman 11.30  
Falcon Technology Partners 11.20  
S.R. One, Limited 9.70  
Atlas Venture 8.20  
Tai-Tung Yip 7.30  
William E. Rich 7.00  
MDS Capital Corporation 6.40  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 10/8/00 6:56:59 PM
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