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| Align Technology, Inc. |
| 851 Martin Avenue, Santa Clara, CA 95050 * (408) 470-1000 |
| Business Description | The company designs, manufactures and markets the Invisalign System, a proprietary method for treating malocclusion, or the misalignment of teeth. |
| Offering Information Company has | |||
| Trading As | ALGN (NASNTL) | Industry | Manufacturing (SIC 3843) |
| Type of Stock Offered | Common Shares | Filing Date | 11/14/2000 |
| Domestic Shares Offered | 10,000,000 | Offer Date | 1/25/2001 |
| Foreign Shares Offered | 0 | Filing Range | $14.00 - $16.00 |
| Company Shares | 10,000,000 | Offer Price | $13.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.910 |
| Gross Proceeds | $130,000,000 | Selling | $0.550 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 45,615,722 | Employees | - - |
| 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 |
| J.P. Morgan & Co. | Co-manager | (212) 648-0517 |
| Robertson, Stephens & Company | Co-manager | (415) 989-8500 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 9 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1997 | 12/31/1998 | 12/31/1999 | 9/30/1999 | 9/30/2000 | ||
| Revenues | - | - | 0.000 | 0.000 | 0.411 | 0.077 | 3.236 |
| Income from Oper. | - | - | -0.688 | -3.951 | -14.705 | -8.074 | -45.994 |
| Net Income | - | - | -0.664 | -3.775 | -15.415 | -8.573 | -53.311 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | - | - | 4,102.60 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -11.63 | -6.78 | -31.16 | ||||
| Cash Flow - Inv. | -3.60 | 1.77 | -24.34 | ||||
| Cash Flow - Fin. | 19.60 | 17.92 | 82.61 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 9/30/2000 | Financial Ratios | ||||
| Total Assets | 75.57 | Current Assets | 62.13 | Current Ratio | 4.32 |
| Total Liab. | 131.65 | Current Liab. | 14.38 | Debt Ratio | 174.22% |
| Total Equity | -56.09 | Working Cap. | 47.76 | Debt to Equity Ratio | - |
| Cash | 33.94 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for expansion of manufacturing capacity, advertising and other sales and marketing activities, research and development, working capital and general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Brobeck, Phleger & Harrison |
| Bank's Law Firm | Wilson, Sonsini, Goodrich & Rosati |
| Registrar/Transfer Agent | EquiServe |
| Auditor | Pricewaterhouse Coopers LLC |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Kleiner Perkins Caufield & Byers affiliated entities | 16.80 | |
| QuestMark Partners, L.P. affiliated entities | 7.60 | |
| Oak Hill Capital affiliated entities | 7.60 | |
| TC Group III, L.P. affiliated entities, D.B.A. The Carlyle Group | 7.10 | |
| Domain Associates, L.L.C. affiliated entities | 6.90 | |
| Note: represents ownership of 5% or more prior to the offering. | ||