IPOs/recent issues: Exult –

Irvine, Calif.

Went public 6/2/2000 at $10 apiece

Filing Range: 6 mil. shares @ $10 to $12

Shares Outstanding: 84.5 mil. shares

Underwriters: Merrill Lynch & Co. Inc./Bear, Stearns & Co. Inc./

FleetBoston Corp./Salomon Smith Barney

Company Counsel: Brobeck Phleger & Harrison LLP

Manager Counsel: Latham & Watkins

Auditor: Arthur Andersen & Co.

The Company:

Provides Web enabled office management tools. It also provides human resources and back-office process management services via the Internet.

Venture Backers:

Mellon Ventures

Goldman, Sachs & Co.

Hillman Ventures Inc.

Financing Rounds:

Number of Round Amt.

Round # Round Date Stage Investors( $ thousands)

1 02/23/2000 4 Expansion 60000.0


(Data in $ millions)



Total Revenues: $4.85

Net Loss: -15.0