Cornerstone Bancorp:
$5 million raised in a Direct Public Offering in 30 days
The community bank Cornerstone Bancorp raised $5 million in a Direct Public Offering within 30 days from a mailing to customers and associates. The average investment was $18,000.
Costco
$7.5 million raised in first public offering
Seattle, Washington’s Costco Company raised $7.5 million in a Washington state exempt offering using Rule 147. Costco used this funding to aggressively expand and ultimately became the first company ever to grow from zero to $3 billion in sales in less than six years. <<>
Real Goods
$4.6 million raised in two Direct Public Offerings
Real Goods, a Ukiah, Calif. catalalog direct marketing company selling alternative energy products, tapped its customers twice, raising $4.6 million through two Direct Public Offerings. In both instances, the offerings were oversubscribed and numerous investors were turned down.
The Red Rose Collection:
Size of Offering Unknown
The Red Rose Collection, a mail order catalog business in Burlingame, CA. that sells clothing, jewelry, and personal growth products. Red Rose targeted its customers through an aggressive marketing campaign, including an advertisement of their stock in each catalog. Red Rose grew revenues from $25,000 to $14 million in a span of eleven years and was named to INC Magazine€s 500 fastest growing privately held companies for three straight years.