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| Corechange, Inc. |
| 260 Franklin Street, Suite 1890, Boston, MA 02110 * (617) 204-3300 |
| Business Description | The Company develops, markets and supports software that provides enterprises with a framework to manage access to business information and applications using the internet and wireless internet technology. |
|
Filing Information Not yet | |||
| To Trade As | CRCH (NASNTL) | Industry | High-Tech (SIC 7372) |
| Type of Stock Offered | Common Shares | Filing Date | 5/31/00 |
| Domestic Shares Filed | 4,500,000 | Filing Range | $8.00 - $10.00 |
| Foreign Shares Filed | 0 | Offering Amount | $40,500,000 |
| Company Shares | 4,500,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 371-0641 |
| DLJDirect, Inc. | Co-manager | (800) 825-5723 |
| Prudential Volpe Technology | Co-manager | (415) 274-4463 |
| SG Cowen | Co-manager | (212) 495-6000 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/97 | 12/31/98 | 12/31/99 | 3/31/99 | 3/31/00 | ||
| Revenues | - | - | 2.918 | 5.661 | 5.266 | 1.283 | 1.147 |
| Income from Oper. | - | - | -8.780 | -7.659 | -4.787 | -0.997 | -2.370 |
| Net Income | - | - | -8.975 | -7.429 | -4.782 | -0.985 | -2.327 |
| E.P.S | - | - | - | - | -0.630 | - | -0.690 |
| Revenue Growth (%) | - | - | 94.00 | -6.978 | -10.60 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -3.90 | -0.80 | -2.03 | ||||
| Cash Flow - Inv. | -0.13 | - | -0.11 | ||||
| Cash Flow - Fin. | 3.27 | 0.04 | 13.19 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/00 | Financial Ratios | ||||
| Total Assets | 15.04 | Current Assets | 14.49 | Current Ratio | 9.07 |
| Total Liab. | 34.26 | Current Liab. | 1.60 | Debt Ratio | 227.77% |
| Total Equity | -19.22 | Working Cap. | 12.89 | Debt to Equity Ratio | - |
| Cash | 13.14 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for working capital and other general corporate purposes, including the expansion of sales and marketing as well as research and development activities. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Hale and Dorr |
| Bank's Law Firm | Gibson, Dunn & Crutcher |
| Registrar/Transfer Agent | ChaseMellon Shareholder Services, L.L.C. |
| Auditor | Ernst & Young |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| HarbourVest Partners V-Direct Fund L.P | 28.60 | |
| Xcelera.com, Inc | 14.40 | |
| ABN AMRO Capital (USA), Inc | 6.10 | |
| Note: represents ownership of 5% or more prior to the offering. | ||