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| Propel, Inc. |
| 425 North Martingale Road, 18th Floor, Schaumburg, IL 60173 * (847) 435-3700 |
| Business Description | The company is a leading international provider of wireless communications services. The company develops, operates and own interests in wireless communications businesses in targeted markets throughout the world. |
|
Filing Information IPO has been | ||||
| To Trade As | PRPL (NASNTL) | Industry | Telecommunications (SIC 4812) | |
| Type of Stock Offered | Common Shares | Filing Date | 6/27/2000 | |
| Domestic Shares Filed | 23,500,000 | Filing Range | $17.00 - $19.00 | |
| Foreign Shares Filed | 0 | Offering Amount | $423,000,000 | |
| Company Shares | 23,500,000 | Est. Expenses | - - | |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | 151,500,000 | |
| Being spun off from | Motorola, Inc. | |||
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-5959 |
| ABN Amro Roth | Co-manager | (212) 314-1080 |
| Chase H&Q; | Co-manager | (415) 439-3626 |
| CS First Boston | Co-manager | (212) 325-2000 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Morgan Stanley Dean Witter | Co-manager | (212) 761-5900 |
| 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 | 12/31/1997 | 12/31/1998 | 12/31/1999 | 3/31/1999 | 3/31/2000 | ||
| Revenues | - | - | 160.900 | 226.300 | 382.900 | 121.600 | 86.500 |
| Income from Oper. | - | - | -40.000 | -29.400 | -30.700 | -9.600 | -7.800 |
| Net Income | - | - | 40.200 | 29.900 | -43.000 | -16.800 | -7.700 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | 40.65 | 69.200 | -28.87 | ||
| Net Income Growth (%) | - | - | -25.62 | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | 24.98 | 13.21 | - | - | - |
| Cash Flow - Oper. | 1.10 | -16.40 | 0.20 | ||||
| Cash Flow - Inv. | -121.10 | -9.70 | -21.50 | ||||
| Cash Flow - Fin. | 124.90 | 20.10 | 16.10 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/2000 | Financial Ratios | ||||
| Total Assets | 1,449.50 | Current Assets | 97.07 | Current Ratio | 0.41 |
| Total Liab. | 467.32 | Current Liab. | 238.39 | Debt Ratio | 32.24% |
| Total Equity | 982.18 | Working Cap. | -141.31 | Debt to Equity Ratio | 0.48 |
| Cash | 13.65 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to fund ongoing operations, for acquisitions to expand the company's portfolio of assets, in invest in the expansion of existing operating companies, to repay a small portion of indebtedness to Motorola and for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Kirkland & Ellis |
| Bank's Law Firm | Shearman & Sterling |
| Auditor | KPMG LLC |
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