IPOs/Recent Issues 1101 –

MAX RE CAPITAL
Hamilton, Bermuda
Went public 08/14/01 at $16 per share
Filing Range: 12.0 million shares at $16 to $16.50
Offering Size: $192.0 million
Shares Outstanding: 49.5 million
Underwriters: Morgan Stanley/Salomon Smith Barney/Goldman Sachs & Co./Dresdner Kleinwort Wasserstein/Banc of America Securities LLC
Company Counsel: Akin, Gump, Strauss, Hauer & Feld
Manager Counsel: LeBoeuf, Lamb, Greene & MacRae
Auditor: KPMG
The Company
Offers customized, alternative risk transfer reinsurance products designed to produce large up-front premiums; generate more predictable, long duration cash outflows and limit underwriting risk through contractual terms.
Venture Backerss
Moore Capital Management Inc.
Capital Z Investment Partners
Citigroup Inc.
Financing Rounds
Round # Round Date Number of Stage Investors Round Amt. ($ thousands)
1 12/22/1999 4 Expansion 331,022
2 3/21/2000 4 Expansion 109,790
3 5/10/2001 1 Later Stage 15,000
Financials
($ in million, except EPS) Y/E 12/31/00
Total Revenues: $451.30
Net Income: 8.7
EPS: 0.36