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VistaPrint Files Statement for Initial Public Offering, Hopes to Raise $120 Million

Wednesday, June 15, 2005

Press release from the issuing company

June 15, 2005 - (WhatTheyThink.com Exclusive) -- VistaPrint has filed a registration statement with the SEC relating to a proposed initial public offering. The common shares in the offering are being offered by VistaPrint and certain selling shareholders. Goldman, Sachs & Co. will serve as sole book-running manager for the offering, with Bear, Stearns & Co. Inc. acting as joint-lead manager and SG Cowen & Co., LLC and Jefferies Broadview acting as co-managers. The $120 million valuation for the IPO was estimated solely for calculating the registration fee. Often, the actual price terms of an IPO differ substantially from the valuation in the first registration. The firm's revenue through the first nine months of fiscal 2005 was $64.1 million, compared with $42.2 million during the same period in fiscal 2004. VistaPrint booked a net loss of $18.1 million through the first three quarters. As of March 31, the company had $24 million in cash and cash equivalents on hand. VistaPrint has been in business for 11 years and is an online supplier of graphic design services and customized printed products to small businesses and consumers. EDITOR’S NOTE: Premium Access Members see today’s special report about Robert Keane, CEO of VistaPrint. And tomorrow, look for highlights from their filing with the SEC.




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