Went public 4/19/2000 at $24.64 apiece
Filing Range:8.08 mil. shares @ $44.91 to $44.91
Shares Outstanding:101.9 mil. shares
Underwriters:Morgan Stanley Dean Witter
Deutsche Banc Alex. Brown/Salomon Smith Barney
(Data in $ millions)
Total Revenue $1.59
Net Loss -8.14
QS Communications provides high-speed Internet and corporate network access, known as broadband access, to the German market, using digital subscriber line technology. The company provides access through Internet Service Providers. The company gives its customers a high-capacity local connection to the Internet and to private local and wide-area networks over standard copper telephone lines. The company offers symmetric DSL technology with several levels of service, each of which is lower-priced than competeing services at comparable speeds.
Net proceeds of approximately $235.8 million will be used to fund operating losses and capital expenditures associated with the rollout of the company’s DSL services. The resulting balance will be used for continued operational and capital expenditures.
Baker Communications Fund LP, Deutsche Bank, BT Capital Investors