Went public 4/12/2000 at $14 apiece
Filing Range:5.8 mil. shares @ $14 to $16
Shares Outstanding:34.3 mil. shares
Lehman Brothers/W.R. Hambrecht
(Data in $ millions)
Total Revenue $.22 $3.02
Net Loss -2.53 -13.15
Asiacontent.com is a pan-Asian Internet company that provides a platform for premium branded media publishing, online advertising sales and e-commerce. The company partners with international media and Internet companies, including CNET, MTVBI (an affiliate of Viacom), E! Online, Doubleclick, NBC Internet and Sportsline.com. Through licensing and joint venture arrangements with its partners, the company develops, operates and maintains premium branded Web sites in multiple markets across Asia.
Estimated proceeds of $62.8 million will be used for general corporate purposes, as well as the expansion of operations in existing markets and the exapansion of operations into newer markets.
AsiaTech Ventures, GE Capital Equity Capital Group, Intel Pacific Inc., NBC Internet Inc., H&Q Asia Pacific Venture Management Pte. Ltd.
Lim Joo Hong
Chen Chi Kong