| IPO Company Profile © ipodata.com |
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| PayPal, Inc. |
| 1840 Embarcadero Road, Palo Alto, CA 94303 * (650) 251-1100 |
| Business Description | The company enables any business or consumer with email to send and receive online payments securely, conveniently and cost-effectively. Our network builds on the existing financial infrastructure of bank accounts and credit cards to create a global, real-time payment solution. |
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Filing Information Not yet | |||
| To Trade As | PYPL (NASNTL) | Industry | Internet (SIC 7374) |
| Type of Stock Offered | Common Shares | Filing Date | 9/28/2001 |
| Domestic Shares Filed | 5,400,000 | Filing Range | $12.00 - $14.00 |
| Foreign Shares Filed | 0 | Offering Amount | $70,200,000 |
| Company Shares | 5,400,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | 59,213,590 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Salomon Smith Barney | Lead Manager | (212) 723-7300 |
| Bear, Stearns & Co. Inc. | Co-manager | (212) 272-4850 |
| Friedman, Billings, Ramsey & Co., Inc. | Co-manager | (703) 312-9571 |
| Suntrust Equitable Securities | Co-manager | (615) 780-9300 |
| William Blair & Company | Co-manager | (312) 364-8990 |
| 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 | 12/31/1999 | 12/31/2000 | 6/30/2000 | 6/30/2001 | |||
| Revenues | - | - | - | 0.000 | 14.460 | 3.346 | 34.210 |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | - | -4.619 | -169.506 | -70.628 | -56.908 |
| E.P.S | - | - | - | -1.640 | -7.920 | -5.490 | -2.230 |
| Revenue Growth (%) | - | - | - | - | 922.29 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -110.29 | -46.37 | -16.49 | ||||
| Cash Flow - Inv. | -21.61 | -7.65 | -31.05 | ||||
| Cash Flow - Fin. | 231.73 | 143.42 | 62.66 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/2001 | Financial Ratios | ||||
| Total Assets | 249.87 | Current Assets | 160.38 | Current Ratio | 1.18 |
| Total Liab. | 413.86 | Current Liab. | 135.40 | Debt Ratio | 165.63% |
| Total Equity | -163.99 | Working Cap. | 24.98 | Debt to Equity Ratio | - |
| Cash | 123.41 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for collateral requirements to support our transaction processing activities, capital expenditures and other general corporate purposes, including continued international expansion and development of additional product features |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Latham & Watkins |
| Bank's Law Firm | Davis, Polk & Wardwell |
| Registrar/Transfer Agent | American Stock Transfer & Trust Co |
| Auditor | Pricewaterhouse Coopers LLC |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Entities Affiliated with Sequoia Capital | 10.70 | |
| Nokia Ventures, L.P. | 9.60 | |
| Entities Affiliated with Clearstone Venture Partners | 6.90 | |
| Entities Affiliated with Madison Dearborn Partners | 5.50 | |
| Note: represents ownership of 5% or more prior to the offering. | ||