Salt Lake City
Went public 5/2/2000 at $14 apiece.
Filing Range: 3.6 mil. shares @ $12 to $14
Shares Outstanding: 18.86 mil. shares
Underwriters: Goldman, Sachs & Co.
Deutsche Banc Alex. Brown/ US Bancorp Piper Jaffray
Company Counsel:Wilson Sonsini Goodrich & Rosati
Manager Counsel: Sullivan & Cromwell
Auditor: Arthur Andersen & Co.
The Company:
Develops a digital hearing aid that uses digital processing technology, which can mimic the actions of the inner ear and delivers a more natural, lifelike listening experience.
Venture Backers:
Venrock Associates
MPM Asset Management LLC
Morgenthaler Ventures
New Enterprise Associates
Accel Partners
Travelers Insurance Company
Utah Ventures II LP
Labrador Ventures
Calvert Social Venture Partner LP
Financing Rounds
Number of Round Amt.
Round # Round Date Stage Investors ($ thousands)
1 06/01/1992 1 Early Stage $35.0
2 09/01/1992 1 Early Stage 15.0
3 10/01/1993 1 Early Stage 106.0
4 12/01/1994 2 Later Stage 120.0
5 05/01/1995 1 Later Stage 33.0
6 09/01/1995 4 Early Stage 1800.0
7 06/01/1996 3 Later Stage 3800.0
8 11/30/1996 4 Early Stage 2500.1
9 05/15/1997 6 Expansion 1825.0
10 10/31/1997 10 Expansion 12520.0
11 10/21/1998 12 Expansion 12532.0
12 07/29/1999 6 Later Stage 5000.0
FINANCIALS
(Data in $ millions)
Y/E
12/31/99
Total Revenues: $28.7
Net Loss: -14.9