IPOs/recent issues: Sonic Innovations –

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