IPOs/recent issues: GOAMERICA –

Hackensack, N.J.

Went public 4/7/2000 at $16 apiece

Filing Range:10 mil. shares @ $14 to $16

Shares Outstanding:47.14 mil. shares

Underwriters:Bear Stearns

Chase H&Q/U.S. Bancorp Piper Jaffray/SoundView Technology Group/DLJdirect


(Data in $ millions)


12/09 12/99

Total Revenue $.83 $2.73

Net Loss -2.58 -11.47

The Company:

GoAmerica is nationwide wireless Internet service provider that gives individuals and business subscribers remote access to the Internet, e-mail and corporate intranets in real time through a wide variety of mobile computing and communicaitons devices. Its Go.Web technology gives subscribers access to a wide variety of Internet content, such as business and financial data, news, sports, travel, entertainment, personal contact and other information. Subscribers can also conduct e-commerce transactions, such as shopping, reservations and stock trading. GoAmerica’s services are provided under strategic relationships with operators of wireless networks and mobile device platform manufacturers. The company has established such relationships with wireless network carriers AT&T Wireless Services, American Mobile and BellSouth Wireless Services as well as with platform manufacturers such as Palm OS-based computing devices, Research In Motion’s interactive pagers, laptop computers, Windows-CE based computers and WAP-enabled smart phones. Costs of subscriber revenue, which consist primarily of the company’s purchase of wireless airtime from network carriers, have historically exceeded subscriber revenue and management expects such negative margins to continue until at least March 2000.


Estimated net proceeds of $60 million will be used to expand sales and marketing initiatives; expand customer service and support systems and capabilities; build redundant network operating centers; acquire and implement new automated subscriber airtime monitoring systems and new accounting and financial software; and to increase working capital.

Venture Backers:

Dobrinsky Family Holdings LP, Dobrinsky Business Holdings LP, CIBC WMV Inc., Korb Business Holdings LP, Dell USA LP, Impact Venture Partners, Carousel Capital Partners LP, Zackfoot Investments LLC

Board Members:

Aaron Dobrinsky

Joseph Korb

Robi Blumenstein

Adam Dell

Alan Docter

Mark Kristoff

Zachary Prensky

Nelson Schwab

Andrew Seybold