San Jose, Calif.,
Went public 7/28/2000 at $14 per share
Filing Range: 3.5 mil. shares @ $12 to $14
Shares Outstanding: 36.13 mil. shares
Underwriters: Goldman, Sachs & Co./Deutsche Banc Alex. Brown/Wit Soundview Group Inc./ CIBC World Markets
Company Counsel: Pillsbury Madison & Sutro
Manager Counsel: Wilson Sonsini Goodrich & Rosati
Auditor: KPMG LLP
The Company:
Develops and markets a Web-based meeting service. The company allows multiple users to meet in real-time with live data, audio, video and telephone conferencing.
Venture Backers:
New Enterprise Associates
Deutsche Telekom AG
Walden International Investment Group
International Capital Partners
Summit Accelerator Fund
Oracle Corp.
Yahoo! Inc.
Reuters Group PLC
Global Crossing Ventures
Summit Partners
Financing Rounds:
Number of Round Amt.
Round # Round Date Stage Investors ($ thousands)
1 12/16/1999 6 Expansion 25000.0
2 04/03/2000 14 Expansion 26000.6
Financials:
(Data in $ millions)
Y/E
12/31/99
Total Revenues: $2.6
Net Income: -14.4