San Mateo, Calif.
Went public 8/3/2000 at $13 per share
Filing Range: 9 mil. shares @ $13 to $15
Shares Outstanding: 39.3 mil. shares
Book Manager: Goldman, Sachs & Co./Morgan Stanley Dean Witter/Salomon
Smith Barney
Company Counsel: Brobeck Phleger & Harrison LLP
Manager Counsel: Sullivan & Cromwell
Auditor: PricewaterhouseCoopers LLP
The Company:
Provides Internet access and Virtual Private Network (VPN) services to corporate customers throughout Asia. The company’s Intranet applications and services will include network integration and consulting services.
Venture Backers:
Walden International Investment Group
Salomon Brothers Venture Capital
Institutional Venture Partners
Generation Capital Partners
Morgan Stanley Dean Witter Capital Partners LLC
Sprout Group
Hambrecht & Quist
Newbridge Latin America
Bechtel Investments Inc.
Alex. Brown & Sons
New Enterprise Associates
Sandler Capital Management
Enterprise Partners
KTB Venture Capital
BancBoston Ventures
Financing Rounds:
Number of Round Amt.
Round # Round Date Stage Investors ($ thousands)
1 07/01/1995 2 Early Stage 100.0
2 10/01/1995 2 Early Stage 1000.0
3 04/01/1996 1 Other 5.0
4 10/01/1996 4 Expansion 8999.9
5 01/01/1997 3 Later Stage 10000.0
6 08/05/1998 3 Later Stage 9000.0
7 12/14/1999 15 Expansion 85000.6
Financials:
(Data in $ millions)
Y/E
12/31/99
Total Revenues: $5.6
Net Income: -12.1