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Alliance Fiber Optic Products, Inc.
735 North Pastoria Avenue, Sunnyvale, CA 94085 * (408) 736-6900
Business Description The company designs, manufactures and markets a broad range of high performance fiber optic components and modular solutions for leading and emerging communications equipment manufacturers.
Offering
Information

Company has
gone public

Trading As  AFOP (NASNTL) Industry  High-Tech (SIC 3674)
Type of Stock Offered  Common Shares Filing Date  9/8/00
Domestic Shares Offered  4,050,000 Offer Date  11/20/00
Foreign Shares Offered  450,000 Filing Range  $11.00 - $13.00
Company Shares  4,500,000 Offer Price  $11.00
Selling Shrhldrs Shares  0 Gross Spread  $0.770
Gross Proceeds  $49,500,000 Selling  $0.450
Expenses  - - Reallowance  $0.100
Post-IPO Shares  51,559,999 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Merrill Lynch & Co. Lead Manager (212) 449-4600
SG Cowen Co-manager (212) 495-6000
U.S. Bancorp Piper Jaffray Co-manager (612) 342-6220
Wit SoundView Co-manager  
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 6 Months Ending
Figures in U.S. millions except per share data   12/31/96 12/31/97 12/31/98 12/31/99 6/30/99 6/30/00
Revenues   - 4.774 5.263 4.906 7.551 2.675 7.414
Income from Oper.   - 0.171 0.026 -0.742 -1.455 -0.831 -1.852
Net Income   - 0.126 0.068 -0.388 -1.271 -0.732 -1.734
E.P.S   - 0.040 0.020 -0.110 -0.310 -0.190 -0.340
Revenue Growth (%)      - 10.24 -6.78 53.914   177.16
Net Income Growth (%)      - -46.03 - -   -
Oper. Profit Margin (%)    - 3.58 0.49 - - - -
Net Profit Margin (%)    - 2.64 1.29 - - - -
Cash Flow - Oper.     -1.03 -0.99 0.50
Cash Flow - Inv.     -0.86 -0.44 -2.59
Cash Flow - Fin.     4.06 0.04 0.80
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 6/30/00 Financial Ratios
Total Assets    14.48 Current Assets    10.01 Current Ratio    2.90
Total Liab.    14.81 Current Liab.    3.45 Debt Ratio    102.25%
Total Equity    -0.33 Working Cap.    6.56 Debt to Equity Ratio    -
Cash    4.79    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for general corporate purposes, including working capital and capital expenditures and to repay indebtedness.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Pillsbury Madison & Sutro
Bank's Law Firm  Brown & Wood
Auditor  Pricewaterhouse Coopers LLC
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
Foxconn Holding Limited 26.50  
CPY & Associates affiliated entities 9.90  
Transpac Nominees PTE Ltd. 9.60  
New Enterprises Associates affiliated entities 6.60  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 12/3/00 11:48:16 AM
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