| IPO Company Profile © ipodata.com |
| Message Board | Quote | Chart | News | SEC Filings | Peer IPO Companies |
| Equinix, Inc. |
| 901 Marshall Street, Redwood City, CA 94063 * (650) 298-0400 |
| Business Description | The Company designs, builds and operates neutral Internet Business Exchange centers, or IBX centers, where Internet businesses place their equipment and their network facilities in order to interconnect with each other. |
| Offering Information Company has | |||
| Trading As | EQIX (NASNTL) | Industry | Telecommunications (SIC 4813) |
| Type of Stock Offered | Common Shares | Filing Date | 6/21/00 |
| Domestic Shares Offered | 20,000,000 | Offer Date | 8/10/00 |
| Foreign Shares Offered | 0 | Filing Range | $10.00 - $12.00 |
| Company Shares | 20,000,000 | Offer Price | $12.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.840 |
| Gross Proceeds | $240,000,000 | Selling | $0.500 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 73,770,000 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-5959 |
| Chase H&Q; | Co-manager | (415) 439-3626 |
| Epoch Partners | Co-manager | |
| Salomon Smith Barney | Co-manager | (212) 723-7300 |
| 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 | 12/31/98 | 12/31/99 | 3/31/99 | 3/31/00 | |||
| Revenues | - | - | - | 0.000 | 0.037 | 0.000 | 0.136 |
| Income from Oper. | - | - | - | -0.950 | -19.783 | -1.419 | -13.955 |
| Net Income | - | - | - | -1.020 | -20.791 | -1.345 | -18.009 |
| E.P.S | - | - | - | -1.480 | -5.140 | -0.740 | -2.400 |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -9.91 | -0.75 | -4.18 | ||||
| Cash Flow - Inv. | -86.27 | 4.37 | -10.94 | ||||
| Cash Flow - Fin. | 295.18 | 2.02 | -0.37 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/00 | Financial Ratios | ||||
| Total Assets | 331.98 | Current Assets | 222.69 | Current Ratio | 5.27 |
| Total Liab. | 332.98 | Current Liab. | 42.29 | Debt Ratio | 100.30% |
| Total Equity | -1.00 | Working Cap. | 180.40 | Debt to Equity Ratio | - |
| Cash | 187.68 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to fund the design, construction and operation of additional IBX centers and for other general corporate purposes, including working capital. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Gunderson Dettmer Stough Villeneuve Franklin |
| Bank's Law Firm | Cahill Gordon & Reindel |
| Registrar/Transfer Agent | Boston Equiserve Limited Partnership |
| Auditor | Pricewaterhouse Coopers LLC |
| Send us feedback if you would like to request that we hyperlink a firm on this page | |
| Industry Competition |
The Company�s market is new, rapidly evolving, and likely to have an increasing number of competitors. To be successful in this emerging market, the Company must be able to sufficiently differentiate its IBX model from existing colocation and web hosting companies. The Company may also face competition from persons seeking to replicate the Company�s IBX concept. The Company may not be successful in differentiating itself or achieving widespread market acceptance of its business. Furthermore, enterprises that have already invested substantial resources in peering arrangements may be reluctant or slow to adopt the Company�s approach that may replace, limit or compete with their existing systems. If the Company is unable to complete its IBX centers in a timely manner, other companies will be able to attract the same customers that the Company is targeting. Once the customers are located in the Company�s competitors' facilities, it will be very difficult, if not impossible, to convince them to relocate to the Company�s IBX centers. |
| Business Plan |
The Company�s objective is to provide content providers, ASPs and e-commerce companies with the ability to directly interconnect with a choice of bandwidth providers, ISPs, and site and performance management companies to grow their business. To accomplish this objective the Company is employing the following strategies: (i) Provide Customer Choice, (ii) Manage Choice to Create Network Effect, (iii) Leverage Strategically Scalable Centers, (iv) Expand Globally and Capitalize on First-Mover Advantage, (v) Establish Equinix as the Leading Brand for IBX Centers and (vi) Leverage Blue-Chip Equity Owners. |
| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Benchmark Capital, entities affiliated with | 16.10 | |
| Cisco Systems, Inc. | 12.60 | |
| Microsoft Corporation | 6.20 | |
| Capital Research and Management Company | 6.20 | |
| Note: represents ownership of 5% or more prior to the offering. | ||