Went public 8/16/2000 at $10 per share
Filing Range: 8.5 mil. share @ $10 to $12
Shares Outstanding: 105.4 mil. shares
Underwriters: Chase H&Q/Robertson Stephens International Ltd./J.P.
Morgan & Co. Inc. Prudential Volpe
Company Counsel: Wilson Sonsini Goodrich & Rosati
Manager Counsel: Sullivan & Cromwell
Auditor: Pricewaterhouse Coopers LLP
Provides three-year membership at $24.95 a month, and in return, customers receive a name-brand computer (replaced every three years) with warranty, Internet access and access to its buyer’s club, which offers discounts for other businesses.
Ford Motor Co.
SOFTBANK Venture Capital
Nexus Group LLC
Granite Ventures LLC
Hambrecht & Quist
Redwood Venture Partners LLC
Number of Round Amt.
Round # Round Date Stage Investors ($ thousands)
1 05/12/1999 2 Early Stage 3000.0
2 11/01/1999 4 Expansion 65000.0
3 04/10/2000 5 Expansion 49670.0
(Data in $ millions)
Total Revenues: $4.7
Net Income: -64.3