1998 IPO Aftermarket Performance by Lead Manager
(SAMPLE REPORT)
Offer DateTickerIssuer NameOffer PriceClosing price:
09/18/98
Closing price:
09/25/98
Weekly
% Chg
% Chg
from Offer
Lead Manager: Merrill Lynch & Co.
6/10/98MSTRMicroStrategy, Inc.$12.00$38.19$40.004.75%233.33%
2/4/98GTSGGlobal Telesystems Group, Inc.$20.00$29.94$34.2514.41%71.25%
3/9/98RBARitchie Bros. Auctioneers Incorporated$17.00$22.75$22.50-1.10%32.35%
1/26/98IEEIntegrated Electrical Services, Inc.$13.00$13.38$14.8811.21%14.42%
5/8/98MUSMuniHoldings Insured Fund, Inc.$15.00$15.13$15.502.48%3.33%
3/16/98MUJMuniHoldings New Jersey Insured Fund, Inc.$15.00$15.13$15.442.07%2.92%
3/5/98MUCMuniHoldings California Fund, Inc.$15.00$14.94$15.382.93%2.50%
2/27/98MUFMuniholdings Florida Insured Fund II$15.00$14.94$14.940.00%-0.42%
3/3/98MUNMuniHoldings New York Fund, Inc.$15.00$14.81$14.810.00%-1.25%
6/23/98CWFChartwell Dividend and Income Fund, Inc.$15.00$13.75$14.505.45%-3.33%
8/6/98IHIInformation Holdings, Inc.$12.00$11.00$10.88-1.14%-9.38%
4/3/98DSUDebt Strategies Fund II$10.00$8.56$8.752.19%-12.50%
8/13/98TFSM24/7 Media, Inc.$14.00$11.56$12.134.86%-13.39%
2/2/98CYECorporate High Yield Fund III, Inc.$15.00$12.38$12.561.52%-16.25%
5/13/98FIIFederated Investors, Inc.$19.00$17.00$15.75-7.35%-17.11%
6/30/98RSGRepublic Services, Inc.$24.00$15.25$19.6929.10%-17.97%
6/10/98GCWGerber Childrenswear, Inc.$13.00$9.88$10.061.90%-22.60%
1/26/98ETTEldertrust, Inc.$18.00$12.38$13.8812.12%-22.92%
2/3/98USNCUSN Communications, Inc.$16.00$1.56$1.7512.00%-89.06%
Lead Manager: Morgan Keegan & Company, Incorporated
7/21/98RBCAARepublic Bancorp, Inc.$13.00$13.13$13.633.81%4.81%
3/9/98UIRTUnited Investors Realty Trust$10.00$7.50$8.3110.83%-16.88%
6/9/98CNRDConrad Industries, Inc.$12.00$6.75$6.881.85%-42.71%
6/9/98MAGRMaster Graphics, Inc.$10.00$5.38$5.19-3.49%-48.13%
Lead Manager: Morgan Stanley Dean Witter Discover & Co.
4/16/98BRCMBroadcom Corporation$24.00$75.00$80.006.67%233.33%
7/16/98BCSTBroadcast.Com, Inc.$18.00$36.38$48.5033.33%169.44%
1/29/98VRSNVerisign, Inc.$14.00$26.00$27.756.73%98.21%
7/20/98ENTEQUANT N.V.$27.00$48.63$53.009.00%96.30%
4/16/98ARMHYARM Holdings PLC$29.17$48.50$45.75-5.67%56.84%
5/27/98ANSRAnswerThink Consulting Group, Inc.$13.00$18.06$20.3812.80%56.73%
5/19/98PDIIProfessional Detailing, Inc.$16.00$21.75$24.6313.22%53.91%
6/22/98ICUBInternational Integration Incorporated$12.00$17.50$16.50-5.71%37.50%
8/6/98ECLPEclipsys Corporation$15.00$17.13$18.759.49%25.00%
7/22/98USUUSEC, Inc.$14.25$15.75$15.06-4.37%5.70%
6/24/98VVRVan Kampen American Capital Senior Income Trust$10.00$9.75$9.69-0.64%-3.13%
8/12/98CVGConvergys Corporation$15.00$13.75$13.50-1.82%-10.00%
6/29/98CLSCelestica, Inc.$17.50$15.63$15.00-4.00%-14.29%
3/4/98WDRWaddell & Reed Financial, Inc.$23.00$18.25$19.004.11%-17.39%
6/19/98DOXAmdocs Ltd.$14.00$9.94$11.0010.69%-21.43%
5/21/98NFFNeff Corp.$14.00$9.75$10.507.69%-25.00%
7/27/98IDGBIDG Books Worldwide, Inc.$15.50$12.75$10.75-15.69%-30.65%
6/17/98UGSUnigraphics Solutions, Inc.$14.00$10.19$9.31-8.59%-33.48%
6/30/98ALGXAllegiance Telecom, Inc.$15.00$6.94$8.1317.12%-45.83%
3/17/98CRGNCuraGen Corporation$11.50$6.00$6.132.08%-46.74%
3/12/98RLTReltec Corporation$29.00$15.50$15.13-2.42%-47.84%
4/28/98ZDZiff-Davis, Inc.$15.50$6.75$6.50-3.70%-58.06%
4/13/98NGENNanogen, Inc.$11.00$4.00$3.81-4.69%-65.34%
5/14/98UCPUniCapital Corporation$19.00$5.50$5.19-5.68%-72.70%
Lead Manager: National Securities Corp.
7/31/98TMTVTeam Communications Group, Inc.$5.50$1.69$2.5651.85%-53.41%
Lead Manager: Nationsbanc Montgomery Securities, Inc.
2/4/98HDLDHeadlands Mortgage Company$12.00$17.00$17.633.68%46.88%
4/23/98CRAICharles River Associates Incorporated$18.50$23.50$25.136.91%35.81%
4/28/98POVTProvant, Inc.$13.00$13.25$14.388.49%10.58%
2/26/98CMPSCompass International Services Corporation$10.50$7.50$8.3110.83%-20.83%
7/27/98ELONEchelon Corporation$7.00$5.25$5.311.19%-24.11%
7/14/98ABHAmerican Bank Note Holographics, Inc.$8.50$7.50$6.44-14.17%-24.26%
2/23/98GNSSFGenesis Microchip, Inc.$11.50$8.75$8.56-2.14%-25.54%
6/11/98ASYMAsymetrix Learning Systems, Inc.$11.00$6.31$6.441.98%-41.48%
4/23/98UPFCUnited Panam Financial Corp.$11.00$7.13$5.50-22.81%-50.00%
3/12/98LJLBLJL Biosystems, Inc.$7.00$3.63$2.88-20.69%-58.93%
5/26/98SQLFSQL Financials International, Inc.$10.00$4.00---
Lead Manager: Needham & Company
2/12/98APWRAstropower, Inc.$6.00$6.88$7.133.64%18.75%
Lead Manager: Network One Financial Securities, Inc.
2/11/98MDERFMed-Emerg International, Inc.$4.25$2.00$1.75-12.50%-58.82%
Lead Manager: New York Broker, Inc.
1/30/98RLAXYRealax Software AG$5.50$7.00---
Lead Manager: Non Underwritten Offering
9/25/98TUWDTumbleweed, Inc. $10.00----
1/5/98MDLYMedley Credit Acceptance Corp.$5.50$2.50---
Lead Manager: PaineWebber Incorporated
6/25/98HYFManaged High Yield Plus Fund, Inc.$15.00$12.75$12.880.98%-14.17%
4/24/98DHFDreyfus High Yield Strategies Fund$15.00$12.69$12.690.00%-15.42%
1/29/98APNAquaPenn Spring Water Company, Inc.$13.00$6.94$6.19-10.81%-52.40%
2/11/98ADGAdvanced Communications Group, Inc.$14.00$5.31$5.442.35%-61.16%
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