Equity New Issue Market Conditions - Weekly Update ... · 06/01/2006 05/31/2006 Trinity Industries...
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Week of May 29 nd , 2006 - Activity Summary Issue Type Capital Raised ($Bil) Pricing Notes (Excludes closed-end funds) % Chg Amt FTO % Chg Price FTO % 1 Day Return % Return to Current Completion Ratio 4 IPOs 0.550 $ 4 below the range -41.1% -31.7% 5.8% 7.9% 2 expected, 4 completed 10 Follow-ons 1.184 $ 2 conventional marketed, 8 shelf takedowns -12.4% -7.7% 2.9% 2.8% 2 expected, 2 completed, 8 opportunistic 2 Convertibles 0.775 $ Last Week’s Activity Equity New Issue Market Conditions - Weekly Update (Tuesday June 5 th , 2006) Backlog Table (Deals Filed Within The Last 180 Days) The Week Ahead Follow-On Performance by Industry Since 1/1/2006 Broader Market Activity Piper Jaffray Equity Capital Markets Group Overall Deal Activity Note: Tables exclude 144A private placements, units, closed-end funds, and deals < $20 MM IPO Performance by Industry Since 1/1/2006 No Total Amt Billions Amt FTO Price FTO %Chg from Last Trade Return 1- Day Return 30-Day Return Current Consumer 22 $6.9 -5% -4% -2% 2% 3% 0% Energy 17 $3.8 5% 0% -3% 3% 1% -3% Financial 39 $12.8 1% -3% -2% 3% 2% -2% Health Care 52 $4.9 -4% -7% -5% 4% 2% -6% Industrial Growth 22 $5.7 3% -3% -3% 3% 7% 2% Media 2 $0.4 -1% -1% -2% 0% 1% -8% Other 3 $0.4 -12% -2% -3% 2% 1% 8% Real Estate 1 $0.2 -3% -3% -3% 1% -3% -9% REIT 28 $5.3 9% -2% -1% 1% 0% 0% Technology 41 $8.6 0% -5% -3% 2% 10% 5% Transportation 5 $0.9 -8% -8% -2% -1% 0% 1% Total 232 $50.0 0% -4% -3% 3% 4% -1% Industry IPO Follow-on Shelf Total Consumer 6 3 15 24 Energy 10 4 57 71 Financial 19 9 51 79 Health Care 19 4 58 81 Industrial Growth 9 3 28 40 Media 3 3 Other 5 1 6 Real Estate 1 3 4 REIT 4 1 22 27 Technology 26 8 29 63 Transportation 4 2 4 10 Total 102 36 270 408 2006 YTD No Total Amt Billions IPO 62 $14.29 Follow-on 232 $49.97 ADR/GDR 10 $3.31 Convertible 52 $26.65 Total 356 $90.90 The major market indices advanced for the week. The Dow Jones lost 31 points, or -0.2% (+4.9% YTD), and closed at 11,248. The Nasdaq gained 9 points, or 0.4% (0.6% YTD), and closed at 2,219. The S&P 500 gained 8 points, or 0.6% (+3.2% YTD), and closed at 1,288. The Russell 2000 gained 8 points, or 1.1% (+9.5% YTD), and closed at 737. There are 8 offerings expected to price this week, including 1 IPO, 6 follow-ons, and 1 convertible. Issuers look to raise a combined $1.3 billion. There were 16 transactions completed in the equity capital markets last week raising a combined $2.5 billion. Deal activity consisted of 4 IPOs, 10 follow-on offerings, and 2 convertibles. All 4 IPOs completed last week priced below the range. Overall, IPOs traded up an average of 6% on their first day of trading and ended the week up 8% from offer price. Follow-on activity consisted of 2 conventional marketed transactions and 8 shelf takedowns. On average, follow-ons traded down 8% in registration, but finished up 3% in the aftermarket. 2005 YTD No Total Amt Billions IPO 53 $13.98 Follow-on 146 $25.89 ADR/GDR 10 $3.02 Convertible 60 $12.01 Total 269 $54.90 No Total Amt Billions Amt FTO Price FTO Return 1- Day Return 30- Day Return Current Consumer 10 $2.9 15% 8% 18% 15% 25% Energy 4 $2.0 17% 6% 6% -7% -1% Financial 9 $3.6 -6% -2% 9% 7% 8% Health Care 17 $1.4 -15% -18% 9% 13% -2% Industrial Growth 6 $1.7 14% 7% 18% 23% 29% Media 3 $0.4 -10% -9% 5% 12% 0% Other 1 $0.0 -56% -50% 0% 0% 0% Technology 10 $1.9 -9% -7% 3% -2% 1% Transportation 2 $0.4 4% 4% 2% 23% 26% Total 62 $14.3 -3% -5% 10% 10% 8%
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Transcript of Equity New Issue Market Conditions - Weekly Update ... · 06/01/2006 05/31/2006 Trinity Industries...
Week of May 29nd, 2006 - Activity Summary
Issue Type Capital
Raised ($Bil) Pricing Notes (Excludes closed-end funds)% Chg
Amt FTO% Chg
Price FTO% 1 Day Return
% Return to Current Completion Ratio
4 IPOs 0.550$ 4 below the range -41.1% -31.7% 5.8% 7.9% 2 expected, 4 completed10 Follow-ons 1.184$ 2 conventional marketed, 8 shelf takedowns -12.4% -7.7% 2.9% 2.8% 2 expected, 2 completed, 8 opportunistic2 Convertibles 0.775$
Last Week’s Activity
Equity New Issue Market Conditions - Weekly Update (Tuesday June 5th, 2006)
Backlog Table (Deals Filed Within The Last 180 Days)
The Week Ahead
Follow-On Performance by Industry Since 1/1/2006
Broader Market Activity
Piper Jaffray Equity Capital Markets Group
Overall Deal Activity
Note: Tables exclude 144A private placements, units, closed-end funds, and deals < $20 MM
IPO Performance by Industry Since 1/1/2006
NoTotal Amt Billions Amt FTO Price FTO
%Chg from Last Trade
Return 1-Day
Return 30-Day
Return Current
Consumer 22 $6.9 -5% -4% -2% 2% 3% 0%
Energy 17 $3.8 5% 0% -3% 3% 1% -3%
Financial 39 $12.8 1% -3% -2% 3% 2% -2%
Health Care 52 $4.9 -4% -7% -5% 4% 2% -6%
Industrial Growth 22 $5.7 3% -3% -3% 3% 7% 2%
Media 2 $0.4 -1% -1% -2% 0% 1% -8%
Other 3 $0.4 -12% -2% -3% 2% 1% 8%
Real Estate 1 $0.2 -3% -3% -3% 1% -3% -9%
REIT 28 $5.3 9% -2% -1% 1% 0% 0%
Technology 41 $8.6 0% -5% -3% 2% 10% 5%
Transportation 5 $0.9 -8% -8% -2% -1% 0% 1%
Total 232 $50.0 0% -4% -3% 3% 4% -1%
Industry IPO Follow-on Shelf TotalConsumer 6 3 15 24Energy 10 4 57 71Financial 19 9 51 79Health Care 19 4 58 81Industrial Growth 9 3 28 40Media 3 3Other 5 1 6Real Estate 1 3 4REIT 4 1 22 27Technology 26 8 29 63Transportation 4 2 4 10Total 102 36 270 408
2006YTD No
Total AmtBillions
IPO 62 $14.29Follow-on 232 $49.97ADR/GDR 10 $3.31Convertible 52 $26.65Total 356 $90.90
The major market indices advanced for the week. The Dow Jones lost 31 points, or -0.2% (+4.9% YTD), and closed at 11,248. The Nasdaq gained 9 points, or 0.4% (0.6% YTD), and closed at 2,219. The S&P 500 gained 8 points, or 0.6% (+3.2% YTD), and closed at 1,288. The Russell 2000 gained 8 points, or 1.1% (+9.5% YTD), and closed at 737.
There are 8 offerings expected to price this week, including 1 IPO, 6 follow-ons, and 1 convertible. Issuers look to raise a combined $1.3 billion.
There were 16 transactions completed in the equity capital markets last week raising a combined $2.5 billion. Deal activity consisted of 4 IPOs, 10 follow-on offerings, and 2 convertibles. All 4 IPOs completed last weekpriced below the range. Overall, IPOs traded up an average of 6% on their first day of trading and ended the week up 8% from offer price. Follow-on activity consisted of 2 conventional marketed transactions and 8 shelf takedowns. On average, follow-ons traded down 8% in registration, but finished up 3% in the aftermarket.
2005YTD No
Total AmtBillions
IPO 53 $13.98Follow-on 146 $25.89ADR/GDR 10 $3.02Convertible 60 $12.01Total 269 $54.90
NoTotal Amt
Billions Amt FTO Price FTOReturn 1-
DayReturn 30-
DayReturnCurrent
Consumer 10 $2.9 15% 8% 18% 15% 25%
Energy 4 $2.0 17% 6% 6% -7% -1%
Financial 9 $3.6 -6% -2% 9% 7% 8%
Health Care 17 $1.4 -15% -18% 9% 13% -2%
Industrial Growth 6 $1.7 14% 7% 18% 23% 29%
Media 3 $0.4 -10% -9% 5% 12% 0%
Other 1 $0.0 -56% -50% 0% 0% 0%
Technology 10 $1.9 -9% -7% 3% -2% 1%
Transportation 2 $0.4 4% 4% 2% 23% 26%Total 62 $14.3 -3% -5% 10% 10% 8%
Pricings for the Week of 5/29/2006
IPO(s) 1Pricing Date Issuer Ticker Sector Lead(s) Co-manager(s) Filing Price Offer Price Amt
Offered% Chg
Amt FTO% Chg
Price FTO% Return
1-Day% Return To
CurrentMarket Value
06/02/200606/01/200606/01/200605/31/2006
Luna Innovations IncAlphatec Holdings IncTown Sports International Holdings IncCTC Media Inc
LUNAATECCLUBCTCM
OtherHealth CareConsumerMedia
THINKEALEX, FALBNYCSFB, ALEXMS, ALEX
WRHACO, MERCURRBCBLAIR, PIPER, RBCJPMHQ
11.00 - 13.0013.00 - 15.0016.00 - 18.0016.00 - 18.00
$6.00$9.00
$13.00$14.00
$21.00$83.70$99.45
$345.93
$58.41$296.58$337.66
$2,111.01
-56.3%-35.7%-41.5%-30.9%
-50.0%-35.7%-23.5%-17.6%
0.0%-0.2%1.9%
21.4%
0.0%-0.2%1.9%
30.0%
$550.084 IPO(s): -41.1% -31.7% 5.8% 7.9%$700.91
Follow-on(s) 2Pricing Date Issuer Ticker Sector Lead(s) Co-manager(s) Filing Price Offer Price Amt
Offered% Chg
Amt FTO% Chg
Price FTO% Return
1-Day% Return To
CurrentMarket Value
06/02/200606/01/200606/01/200606/01/2006
05/31/2006
05/31/200605/31/200605/31/200605/31/200605/30/2006
Camden Property TrustHorizon Offshore IncPremium Standard Farms IncCogent Communications Group Inc
SunPower Corp
Montpelier Re Holdings LtdUS Airways Group IncEndologix IncWashington Real Estate Investment TrustMicrovision Inc
CPTHRZO.OBPORKCCOI
SPWR
MRHLCCELGXWREMVIS
REITEnergyConsumerTechnology
Technology
FinancialTransportationHealth CareREITTechnology
ALEXRAYMNDMSLEHMAN, BEAR, WEISELCSFB, LEHMAN
CSFBGSADHARKCSFB, AGEDWMDBCAP
WCHV, FRDMAN
ALEX, COWEN, FALBNY, JEFFER
RBAIRD, RAYMND
72.6022.7717.5311.43
33.62
15.5846.703.6135.952.45
$71.25$21.65$16.25
$9.00
$29.50
$15.05$45.20
$3.30$34.40
$2.21
$256.50$64.42$68.19$81.00
$206.50
$236.21$137.86
$20.00$89.44$23.76
$3,697.39$657.73$519.17$433.16
$479.48
$1,342.14$3,698.88
$140.58$1,542.95
$82.52
-1.9%-4.9%
-35.2%-40.9%
-12.3%
-3.4%-3.2%-8.6%-4.3%-9.8%
-1.9%-4.9%-7.3%
-21.3%
-12.3%
-3.4%-3.2%-8.6%-4.3%-9.8%
-0.9%12.7%-1.3%12.7%
0.1%
2.2%2.3%
17.6%1.6%
-5.4%
-0.9%12.7%-1.3%12.7%
0.5%
2.2%1.4%
15.8%1.5%
-4.0%
$1,183.8810 Follow-on(s): -12.4% -7.7% 4.2% 4.1%$1,259.40
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time theregistration statement becomes effective. This schedule shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would beunlawful prior to registration or qualification under the securities laws of any such State.
06/01/200605/31/2006
Trinity Industries IncCubist Pharmaceuticals Inc
TRN.NCBST.N
Industrial GrowthHealth Care
JPMHQ, BOFA, WCHVGS ML, PACGRE
$450.00$350.00
$450.00$325.00
$3,055.28$1,285.28
3.88%2.25%
35.00%30.00%
06/01/203606/15/2013
NC-12
$775.00
Convertible(s)Co-manager(s)Lead(s)SectorTickerIssuerPricing Date
Amt Offered
Net Proceeds Coupon Premium Maturity Call
ProvisionS&P
RatingMarket Value
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time theregistration statement becomes effective. This schedule shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would beunlawful prior to registration or qualification under the securities laws of any such State.
Filings for the week of 5/29/2006
IPO(s) 1Co-manager(s)Lead(s)SectorTickerIssuerFiling Date Filing Price Current
Amt FiledBusiness Description Expected DateCurrent
Shelf Amt
06/02/2006
06/02/2006
06/02/2006
06/02/2006
06/02/2006
05/31/2006
05/30/2006
05/30/2006
Acme Packet Inc
Panther Expedited Services Inc
Trubion Pharmaceuticals Inc
Aircastle Ltd
GNC Corp
Cal Dive International Inc
First Mercury Financial Corp
Hawkeye Holdings Inc
APKT
PTHR
TRBN
GNC
FMR
Technology
Transportation
Health Care
Transportation
Consumer
Energy
Financial
Technology
GS, CSFB
UBSW, BEAR
MS
JPMHQ, BEAR, CITI
ML, LEHMAN, UBSW
BOFA, JPMHQ
CITIGR, JPMHQ, KEEFE, COCAWA
CSFB, MS, BOFA
JPMHQ
WCHV
BOFA, PACGRE, LAZD
RICE, RAYMND, SIMMON, NBI
BLAIR
$85.00
$250.00
$86.25
$175.00
$400.00
$350.00
$189.75
$350.00
Provider of session border controllers that enable service providers to deliver secure and high quality interactive communications
Provider of expedited transportation servicesBiopharmaceutical company focused on the discovery and development of novel medicines
Global company that acquires and leases various aircraftsSpecialty retailer of nutritional supplementsProvides subsea construction, inspection, maintenance, repair and salvage services to offshore natural gas and oil industry
Holding company with subsidiaries which underwrite specialty commercial lines and non-standard automobile iProducer of renewable energy through Biotechnology - Ethanol
To be announced
To be announced
To be announced
To be announced
To be announced
To be announced
To be announced
To be announced
Follow-on(s) 2Co-manager(s)Lead(s)SectorTickerIssuerFiling Date Filing Price Current
Amt FiledBusiness Description Expected DateCurrent
Shelf Amt
06/01/2006
05/31/2006
05/30/2006
05/30/2006
05/30/2006
Diana Shipping Inc
T-3 Energy Services Inc
Level 3 Communications Inc
Middleburg Financial Corp
Superior Essex Inc
DSX
TTES
LVLT
MBRG
SPSX
Transportation
Energy
Technology
Financial
Industrial Growth
BEAR, WCHV
BEAR, RAYMND, SIMMONML, CSFB, MS
SCOTT
UBSW, JPMHQ
BB&T, DAROCO, MKEEGN
BEAR, JPMHQ, UBSW
DAVENP
MJC
10.97
24.04
5.10
32.26
34.27
$76.79
$132.22
$637.50
$18.07
$92.53
$500.00
$3,000.00
$175.00
Owns and operates dry bulk carriers that transport dry cargoes along worldwide shipping routes
Provides a range of oilfield products and servicesCommunications and information service providerHolding company for the Middleburg Bank, offering a full range of banking services to individuals in Loudoun County
Wire and cable manufacturer for the communications industry
Week of 05 Jun 2006
To be announced
Week of 05 Jun 2006
To be announced
Week of 05 Jun 2006
THU
WED
TUE
Convertible(s) 3Co-manager(s)Lead(s)SectorTickerIssuerFiling Date Filing Price Current
Amt FiledBusiness Description Expected DateCurrent
Shelf Amt
05/30/2006 Level 3 Communications Inc LVLT.N Technology ML, CSFB, MS CITI, JPMHQ 100.00% $150.00 Communications and information service provider
Week of 05 Jun 2006 WED
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time theregistration statement becomes effective. This schedule shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would beunlawful prior to registration or qualification under the securities laws of any such State.
Shelf Registration(s) 4Co-manager(s)Lead(s)SectorTickerIssuerFiling Date Filing Price Current
Amt FiledBusiness Description Expected DateCurrent
Shelf Amt
06/02/2006
06/02/2006
06/02/2006
06/01/2006
06/01/200606/01/200606/01/2006
06/01/2006
05/31/2006
05/31/2006
05/30/2006
05/30/2006
05/30/2006
05/30/2006
Level 3 Communications Inc
Crosstex Energy Inc
Crosstex Energy LP
Zumiez Inc
Castlepoint Holdings LtdXcel Energy IncSumTotal Systems Inc
Park-Ohio Holdings Corp
Electroglas Inc
Inverness Medical Innovations Inc
SkyTerra Communications Inc
PureDepth Inc
ONYX Pharmaceuticals Inc
Lehman Brothers Holdings Inc
LVLT
XTXI
XTEX
ZUMZ
CPHLXELSUMT
PKOH
EGLS
IMA
SKYT
PDEP
ONXX
LEH
Technology
Energy
Energy
Consumer
FinancialEnergyTechnology
Industrial Growth
Technology
Health Care
Technology
Technology
Health Care
Financial
NONE
NONE
NONE
NONE
NONENONENONE
NONE
NONE
NONE
NONE
NONE
NONE
NONE
5.15
92.15
35.84
34.93
18.955.76
17.45
3.55
28.65
18.00
2.32
20.47
67.06
$133.77
$84.83
$136.73
$119.90
$127.80
$500.00
$80.80
$325.38
$75.00
$100.00
$50.00
$131.44
$119.50
$87.13
$300.00
Communications and information service provider
Provider of midstream energy servicesInvolved in gathering, marketing, and processing of natural gasA specialty retailer of action sports related apparel, footwear, equipment and accessories operating under the Zumiez brand name
Insurance companyElectric utility providerProvider of online learning solutionsProvides logistics services and manufactures engineered productsDevelops and services automatic wafer probing equipmentManufactures and markets consumer healthcare productsProvides mobile digital voice and data communications services via satellite in North America through its subsidiary MSV Investors
Technology company and developer of Multi-Layer Display technology
Engaged in the development of therapeutics based upon the genetics of human disease
Investment banking activities including securities underwriting, corporate finance, merchant banking
To be announced
To be announced
To be announced
To be announced
To be announcedTo be announcedTo be announced
To be announced
To be announced
To be announced
To be announced
To be announced
To be announced
To be announced
ADR/GDR(s) 5Co-manager(s)Lead(s)SectorTickerIssuerFiling Date Filing Price Current
Amt FiledBusiness Description Expected DateCurrent
Shelf Amt
06/02/2006 Focus Media Holding Ltd FMCN Technology CS, GS, ML, CITI LEHMAN, PIPER 66.75 $529.55 Operators a out-of-home advertising network in China using audiovisual television displays instead of traditional billboards
To be announced
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time theregistration statement becomes effective. This schedule shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would beunlawful prior to registration or qualification under the securities laws of any such State.
Withdrawn and Postponed Transactions for the Week of 5/29/2006
IPO(s) 1Co-manager(s)Lead(s)SectorTickerIssuerW/P Date Filing Price Filed Amt Business DescriptionShelf Filing AmtStatus
Postponed 06/01/2006 QuatRx Pharmaceuticals Co QTRX Health Care BOFA, COWEN LAZD, PACGRE 11.00 - 13.00 $72.00 Biopharmaceutical company
Follow-on(s) 2Co-manager(s)Lead(s)SectorTickerIssuerW/P Date Filing Price Filed Amt Business DescriptionShelf Filing AmtStatus
Postponed 06/02/2006 M-Systems Flash Disk Pioneers Ltd FLSH Technology CITI, GS CIBC, ALEX, UBSW, JPMHQ, WEISEL, WRHACO, UNTERB
34.16 $297.19 $200.00 Designs, develops and markets software and hardware data storage solutions based on Flash memory
Shelf Registration(s) 4Co-manager(s)Lead(s)SectorTickerIssuerW/P Date Filing Price Filed Amt Business DescriptionShelf Filing AmtStatus
Withdrawn 05/31/2006 Inverness Medical Innovations Inc IMA Health Care NONE 27.84 $134.30 Manufactures and markets consumer healthcare products
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time theregistration statement becomes effective. This schedule shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would beunlawful prior to registration or qualification under the securities laws of any such State.
Industy Calendar for the Next Two Weeks
Week of 05 Jun 2006
IPO(s)1
Co-manager(s)Lead(s)SectorTickerIssuerExpected Date Filing Price Current Amt Filed Business Description
Week of 05 Jun 2006 TUE LoopNet Inc LOOP Technology CSFB WEISEL, PACIFC, PACGRE 11.00 - 13.00 $72.00 Online commercial property marketplace
$72.001 IPO(s)
Follow-on(s)2
Co-manager(s)Lead(s)SectorTickerIssuerExpected Date Filing Price Current Amt Filed Business Description
Week of 05 Jun 2006
Week of 05 Jun 2006
Week of 05 Jun 2006
Week of 05 Jun 2006
Week of 05 Jun 2006
Week of 05 Jun 2006
THU
THU
THU
TUE
TUE
WED
Diana Shipping Inc
NxStage Medical Inc
Dollar Financial Corp
Superior Essex Inc
Geo Group Inc
Level 3 Communications Inc
DSX
NXTM
DLLR
SPSX
GGI
LVLT
Transportation
Health Care
Financial
Industrial Growth
Other
Technology
BEAR, WCHV
ML, JPMHQ
PIPER, JEFFER
UBSW, JPMHQ
LEHMAN
ML, CSFB, MS
BB&T, DAROCO, MKEEGN
WEISEL, JOLMER
JOLMER, FERRIS
MJC
BOFA, FANALY, JEFFER, AVOPAR, BNPBEAR, JPMHQ, UBSW
10.97
11.40
17.72
34.27
37.85
5.10
$76.79
$61.41
$124.04
$92.53
$113.55
$637.50
Owns and operates dry bulk carriers that transport dry cargoes along worldwide shipping routes
A medical device company that develops, manufactures and markets innovative systems for the treatment of end-stage renal disease, or ESRD, and acute kidney failure
Financial services company serving under-banked consumersWire and cable manufacturer for the communications industryDevelops and manages correctional and detention facilitiesCommunications and information service provider
$1,105.826 Follow-on(s)
Convertible(s)3
Co-manager(s)Lead(s)SectorTickerIssuerExpected Date Filing Price Current Amt Filed Business Description
Week of 05 Jun 2006 WED Level 3 Communications Inc LVLT.N Technology ML, CSFB, MS CITI, JPMHQ 100.00% $150.00 Communications and information service provider
$150.001 Convertible(s)
Week of 12 Jun 2006
IPO(s)1
Co-manager(s)Lead(s)SectorTickerIssuerExpected Date Filing Price Current Amt Filed Business Description
Week of 12 Jun 2006 TUE VeraSun Energy Corp VSE Technology MS, LEHMAN AGEDW 18.00 - 20.00 $327.75 Producer of renewable energy through Biotechnology - Ethanol
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time theregistration statement becomes effective. This schedule shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would beunlawful prior to registration or qualification under the securities laws of any such State.
Week of 12 Jun 2006
IPO(s)1
Co-manager(s)Lead(s)SectorTickerIssuerExpected Date Filing Price Current Amt Filed Business Description
Week of 12 Jun 2006
Week of 12 Jun 2006
Week of 12 Jun 2006Week of 12 Jun 2006
WEDMON
Houston Wire & Cable Co
Golfsmith International Holdings IncVolcano CorporationVerigy Pte Ltd
HWCC
GOLF
VOLCVRGY
Industrial Growth
Consumer
Health CareTechnology
BLAIR, RBAIRD
ML, JPMHQ
JPMHQ, PIPERGS, CSFB
BB&T
LAZD
BEAR, COWENCOWEN, WEISEL
12.00 - 14.00
14.00 - 16.00
10.00 - 12.0016.00 - 18.00
$110.50
$90.00
$74.80$144.50
Distributors of specialty wire and cable and related servicesMail-order seller of custom golf clubs
Medical device companySemiconductor and test systems manufacturing company
$747.555 IPO(s)
Follow-on(s)2
Co-manager(s)Lead(s)SectorTickerIssuerExpected Date Filing Price Current Amt Filed Business Description
Week of 12 Jun 2006 Mercer International Inc MERC Industrial Growth RAYMND, RBC UBSW 9.16 $82.44 Manufacturer of pulp and paper products
$82.441 Follow-on(s)
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time theregistration statement becomes effective. This schedule shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would beunlawful prior to registration or qualification under the securities laws of any such State.
