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The following is a history of financings and IRR* calculations for a select group of companies that Creation Capital clients had the the opportunity to invest in.
 
* Internal Rate of Return
Company Date Round Price per Share
         
Myriad Genetics
February 1993 Series A
$5.60
   
February 1995 Series B
$14.00
   
   
 
Result: October 1995 IPO
Cowen-UBS
$18.00
     
   
Stock Price High June 2000  
*$272.00
 
  IRR to peak 44%  
   
     
*Not adjusted for 2:1 split 09/00
Acacia Biosciences / Rosetta Inpharmatics
November 1995 Seed
$2.50
   
February 1996 Seed II
$2.90
   
November 1996 Series A
$4.00
   
February 1999 Merger
   
Result: August 2000 IPO
Lehman Bros.
$14.00
   
     
   
Stock Price High September 2000  
$38.25
   
  IRR to peak 36%  
   
Acquired by Merck as a wholly owned subsidiary in May 2001 for $620 million
Amedica Corporation
January 2004 Series A
$0.60
   
October 2004 Series B
$1.20
   
February 2006 Series C
$2.00
   
April 2007 Series D
$3.00
   
Result:   IPO filed 5/22/07
Morgan Stanley Jeffries CIBC
   
       
           
           
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