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| Colo.com |
| 2000 Sierra Point Parkway, suite 601, Brisbane, CA 94005 * (650) 292-2656 |
| Business Description | The Company is a rapidly deploying an international platform of colocation facilities, called Neutral Optical Hubs, in which the Company's customers can install equipment, connect to a choice of network providers and connect with the Company's other customers. |
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Filing Information Not yet | |||
| To Trade As | COLC (NASNTL) | Industry | High-Tech (SIC 4813) |
| Type of Stock Offered | Common Shares | Filing Date | 7/21/00 |
| Domestic Shares Filed | 0 | Filing Price | - - |
| Foreign Shares Filed | 0 | Offering Amount | $200,000,000 |
| Company Shares | 0 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Deutsch Banc Alex. Brown | Lead Manager | (410) 727-1700 |
| Bear, Stearns & Co. Inc. | Co-manager | (212) 272-4850 |
| Robertson, Stephens & Company | Co-manager | (415) 989-8500 |
| UBS Warburg LLC | Co-manager |
| 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 | - | - | 0.031 | 0.190 | 0.218 | 0.055 | 0.192 |
| Income from Oper. | - | - | -0.077 | -1.550 | -9.378 | -1.178 | -11.612 |
| Net Income | - | - | -0.078 | -1.553 | -8.887 | -1.176 | -11.892 |
| E.P.S | - | - | -0.030 | -0.280 | -1.860 | -0.260 | -1.490 |
| Revenue Growth (%) | - | - | 512.90 | 14.737 | 249.09 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -7.74 | -0.49 | -4.93 | ||||
| Cash Flow - Inv. | -11.99 | -0.07 | -97.49 | ||||
| Cash Flow - Fin. | 218.01 | 0.52 | 285.02 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/00 | Financial Ratios | ||||
| Total Assets | 0.53 | Current Assets | 0.38 | Current Ratio | 14.35 |
| Total Liab. | 0.25 | Current Liab. | 0.03 | Debt Ratio | 46.80% |
| Total Equity | 0.28 | Working Cap. | 0.36 | Debt to Equity Ratio | 0.88 |
| Cash | 0.38 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to fund capital expenditures in the leasing and buildout of colocation facilities in the U.S. and internationally, to provide working capital, including expenses associated with sales and marketing activities, to fund operating losses, for general corporate purposes and potentially to fund acquisitions. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Wilson, Sonsini, Goodrich & Rosati |
| Bank's Law Firm | Shearman & Sterling |
| Auditor | Arthur Andersen |
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| Industry Competition |
The market for colocation services is expanding. The main barriers to entry are access to capital, the time needed to assemble a management team and build out facilities, and the ability to secure a first-to-market advantage. The Company has targeted the developing neutral colocation segment of the broader market for colocation services. Although there are a number of companies developing businesses similar to the Company's, in most metropolitan areas there are currently a limited number of providers of neutral colocation facilities operating. The Company expects other companies to enter this market segment if there is sufficient demand for neutral colocation services. |
| Business Plan |
To achieve the Company's goal of becoming the premier, international, single-source supplier of carrier neutral colocation facilities to its targeted customer base, the Company's strategy is to: (i) Be First-To-Market With Broad Geographic Presence, (ii) Maintain Neutrality, (iii) Strategically Deploy Multiple Neutral Optical Hubs In Key Geographic Regions, (iv) Enter Into Strategic And Commercial Relationships To Extend Sales Reach, (v) Expand Service Offerings And Enable Marketplace Exchanges and (vi) Build The Colo.com Brand. |
| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Menlo Ventures Entities | 18.80 | |
| Accel Partners Entities | 17.20 | |
| Athena Venture Fund, L.P. | 8.80 | |
| Meritech Capital Partners Entities | 6.50 | |
| InvestCorp International Inc. | 5.70 | |
| Note: represents ownership of 5% or more prior to the offering. | ||