IPOs IN REGISTRATION – The Knot Inc. –

NEW YORK – The Knot Inc., an online wedding services company, went public December 2, offering 3.5 million shares at $10 apiece. The company’s stock priced at the top of its $8 to $10 filing range.

Underwritten by Credit Suisse First Boston, Hambrecht & Quist Group and Salomon Smith Barney Holdings Inc., the initial public offering left 14 million shares outstanding.

There were no selling shareholders. Venture backers included QVC Interactive Holdings LLC, Hummer Winblad Venture Partners and America Online Inc.

The company’s Web site is a one-stop source of information, resources and services for planning and organizing weddings, and is the primary wedding content provider for America Online.

The $31.6 million in proceeds expected from the IPO will be used for general corporate purposes.

The Knot has never been profitable, losing $1.1 million in 1997 and $1.5 million in 1998.

Ann Winblad, a general partner at Hummer Winblad, joined the company’s board of directors in April 1998. John Link, a vice president at QVC, joined the company’s board of directors in June 1999.

The Knot – Selected Financial

(in thousands, except per share data)

May 2 (inception) Year Ended December 31 Nine Months Ended September 30

to December 31, 1996 1997 1998 1998* 1999

Total revenue 71 596 1,040 826 2,635

Net loss -752 -1,095 -1,509 -830 -6,008

Net loss per share -0.46 -0.67 -0.6 -0.35 -1.96

*Unaudited