IPOs/recent issues: QS COMMUNICATIONS AG –

Cologne, Germany,

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

The Company:

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.

Venture Backers:

Baker Communications Fund LP, Deutsche Bank, BT Capital Investors

Board Members:

John Baker

Gerd Eickers

Herbert Brenke

David Ruberg

Manjit Dale

Ashley Leeds