Small Company Initial Public Offerings: December 1985

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Offering

First

after-

O-T-C Size market

sym. Company Business/product ($ mil.) Price bid Underwriter

ACCC A.C. Prov. telecomm. 5.60 7.00 7 Advest

Teleconnect svc.

AIMS Advanced Health care 2.38 5.00 5 James J.

Institutional software Duane

ALLT All Amer. Dists./syndicates 4.50 7.50 9 3/4 Oppenheimer

Television TV programs

AFGI Ambassador Will operate 10.08 7.75 8 Oppenheimer

Financial S&L association

AMSB American Savings bank 14.96 11.00 12 Merrill Lynch

Savings

FSB

AMWE Amwest Insurance holding 7.20 9.00 9 1/4 Prescott,

Insurance company Ball

ARKR Ark Operates 6.53 7.50 7 3/4 Ladenburg

Restaurants restaurants Thalmann

BBPI Barry Blau Direct market 4.10 5.50 5 5/8 Moseley,

mailing Hallgarten

BIP c Beverly Real estate 95.00 19.00 19 Merrill Lynch

Investment investment trust

Prop.

BULR Buehler Mfrs./mkts. lab 12.65 11.50 12 1/4 William Blair

International analysis equip.

CTSI Capital Tel Mkts. pay phones 3.00 2.00 2 1/2 Brown, Knapp

Systems

CNTRS Centennial Real estate 16.90 10 9 3/4 Smith Barney,

Real investment Harris Upham

Estate

COAS Coast S&L association 126.32 14.00 15 1/2 Drexel

Savings Burnham

& Loan Lambert

COGRA Colonial Investment 42.50 17.00 18 1/2 Lazard Freres

Group services

CODAU Continental Computer software 1.45 d 2.00 2 3/4 Viceroy

Data prods. International

COBK Co-operative Operates S&L 12.91 12.50 14 Merrill Lynch

Bank association

DSBC Derby Savings Operates S&L 20.35 14.00 16 1/2 Paine Webber

Bank association

DXSE Doxsee Food Mfrs. food prods. 6.03 6.25 6 1/2 Advest

FACEU Facelifters Kitchen 3.60 e 4.00 4 1/8 Rooney, Pace

Home remodeling

products

BABYU Fertility & Human embryo 4.50 d 10.00 10 1/2 Paulson

Genetics transfer

Research

FACT First Albany Investment bank 3.45 5.75 6 1/8 Advest

holding co.

IAF a First Closed-end 58.00 10.00 10 Prudential-

Australia investment co. Bache

Fund

FMSB First Mutual Savings bank 2.53 5.00 5 1/2 Boettcher

Savings

FISTU First Stop Operates medical 2.50 f 250.00 400 Stuart-James

Prof. clinics

GEMH Gemcraft Builds/mkts. 10.80 8.00 8 Eppler,

houses Guerin

& Turner

GRGI Greenery Rehab. centers 20.00 12.50 13 1/4 E. F. Hutton;

Rehab. Dean Witter

CWCC GWC Operates water 34.00 17.00 18 1/2 Lazard Freres

utilities

HLCO Healthco Mkts. dental 43.20 13.50 14 Shearson

International equip. Lehman

BLUD Immucor Mfrs./mkts. 7.00 7.00 7 Laidlaw Adams

reagents

blood banks

b Intercare Operates health 4.50 3.00 3 First Jersey

care facilities Securities

KURM Kurzweil Music Mfrs. 8.70 7.25 7 1/4 R. G.

computerized

Systems music systs. Dickinson

LRF a Lincoln N.C. Real estate 25.90 15.00 15 E. F. Hutton

Realty investment

METS Met Coil Mfrs. sheet-metal 15.18 11.25 11 1/2 Kidder,

Systs. machinery Peabody

PACN Pacific Nuclear-waste 13.30 9.50 10 1/4 Smith Barney;

Nuclear disposal Harris Upham

Systems

PALM Palmetto S&L association 3.95 13.00 13 3/4 Robinson-

Fed. S&L Humphrey

RIDEU People Will operate 2.40 d 6.00 6 1/2 D. H. Blair

Ridesharing van pool

PFSB Piedmont S&L association 2.90 11 12 Legg Mason

Fed. S&L

PYRD Pyramid Mfrs. 25.13 16.75 17 3/4 Kidder;

Technology minicomputers Montgomery

b S2 Golf Mfrs./mkts. 1.40 4.00 4 Gilford

golf clubs Securities

SITVY Southbrook TV production 9.90 9.00 9 Ladenburg

International Thalmann

TV

SPCT Spectra Mkts. 3.00 2.00 2 1/2 Chapin,

Pharmaceutical therapeutic Davis

drugs

TLOS Telos Devel. computer 8.78 9.00 9 1/2 Seidler Amdec

software

UNSVA United Savings S&L association 4.00 10.00 10 Williams

Security

Group

VBNK Vanguard Savings bank 11.21 11.63 15 Moseley,

Savings Hallgarten

Bank

VTEX Vertex Mfrs. satellites 6.00 6.00 6 William K.

Communications Woodruff

WHLS Wholesale Club Wholesale 14.00 7.00 7 1/4 Smith Barney;

merchandising Piper Jaffray

a trading on AMEX.

b no symbol

c trading on NYSE.

d units of 1 common + 1 warrant.

e units of 4 common + 2 warrants.

f units of 3,000 common with 100 10% convertible notes + 1,000 warrants.

Initial public offerings sold at $1 or less not included. Issues without underwriters not included. First aftermarket bid is approximate.

Offering data source: GOING PUBLIC: The IPO Reporter, a publication of THE DEALER'S DIGEST INC., 150 Broadway, New York, NY 10038.