Redwood City, Calif.
Went public 8/11/2000 at $12 per share
Filing Range: 20 mil. shares @ $10 to $12
Shares Outstanding: 73.8 mil. shares
Underwriters: Salomon Smith Barney/Chase H&Q/Epoch Partners/Goldman,
Sachs & Co.
Company Counsel: Gunderson Dettmer Stough Villeneuve Franklin & Hachi
Manager Counsel: Cahill Gordon & Reindel
Auditor: PricewaterhouseCoopers LLP
The Company:
Develops Internet exchanges. Designs, builds and operates carrier and IP neutral Internet business exchanges. The company develops “peering points,” locations where Internet backbone companies link their equipment and exchange routing information for smooth traffic flow.
Venture Backers:
E*TRADE Group Inc.
Benchmark Capital
Cisco Systems Inc.
Reuters Group PLC
Artemis Ventures
The Carlyle Group
Microsoft Inc.
America Online Inc.
Dell Ventures
Comdisco Ventures
epartners Venture Group
Temasek Holdings (HK) Ltd.
American Express
Putnam Management
Stanford University
Financing Rounds:
Number of Round Amt.
Round # Round Date Stage Investors ($ thousands)
1 06/14/1998 1 Early Stage 5040.0
2 05/30/1999 4 Expansion 12400.0
3 08/26/1999 2 Expansion 55000.0
4 12/02/1999 17 Expansion 280000.2
5 06/16/2000 7 Expansion 94999.8
Financials:
(Data in $ millions)
Y/E
12/31/99
Total Revenues: $0.0
Net Income: -20.8