Homegrocer.Com, Inc. (Acquired by Webvan) - Washington 2000

Beautiful engraved specimen certificate from the Homegrocer.Com, Inc dated in 2000. This historic document was printed by United States Bank Note Company and has an ornate border around it with a vignette of the company logo. This item has the printed signatures of the Company's President and Secretary.


Certificate Vignette

Homegrocer.Com was acquired by Webvan.

Homegrocer.Com Financial Statements Footnotes - Year 2000

Description of Business

HomeGrocer.com, Inc. (the "Company") is an Internet retailer of grocery and other consumer products. The Company operates its own distribution system providing next-day delivery of products within a customer-designated delivery period. The Company began delivering groceries to the Seattle market from its first customer fulfillment center ("CFC") located in Bellevue, Washington in June 1998. As of April 26, 2000, the Company was delivering groceries from six CFCs serving the Seattle, Washington; Portland, Oregon; and Orange County/Los Angeles, California markets.

Initial Public Offering

On March 10, 2000, the Company completed its initial public offering ("IPO") of 22,000,000 shares of common stock at a price of $12.00 per share. The IPO, net of underwriting and other issuance costs resulted in approximately $243.5 million of net proceeds to the Company. Concurrent with the closing of the offering, all of the outstanding convertible preferred stock was converted into an aggregate of 73,206,738 shares of common stock.

Reincorporation

In March 2000, the Company reincorporated into the State of Washington and eliminated the par value of its common and preferred stock. The Company also increased its authorization to issue common shares to 1,000,000,000 and preferred shares to 10,000,000.

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About Specimens

Specimen Certificates are actual certificates that have never been issued. They were usually kept by the printers in their permanent archives as their only example of a particular certificate. Sometimes you will see a hand stamp on the certificate that says "Do not remove from file".

Specimens were also used to show prospective clients different types of certificate designs that were available. Specimen certificates are usually much scarcer than issued certificates. In fact, many times they are the only way to get a certificate for a particular company because the issued certificates were redeemed and destroyed. In a few instances, Specimen certificates we made for a company but were never used because a different design was chosen by the company.

These certificates are normally stamped "Specimen" or they have small holes spelling the word specimen. Most of the time they don't have a serial number, or they have a serial number of 00000. This is an exciting sector of the hobby that grown in popularity over the past several years.