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SMALL COMPANY INITIAL PUBLIC OFFERINGS: SEPTEMBER 1986

Offering First

Size Price after

O-T-C market

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

ACSN Acuson Mfrs./sells 20.00 8.00 7 3/4 Morgan Stanley

ultrasound

imaging systs.

ARDMU Arden Designs/sells 4.13 d 3.75 3 7/8 Rooney Pace

Medical blood-

Systems analysis systs.

ATBC Atlantic Bank holding co. 3.00 12.00 12 1/4 Ryan Beck

Bancorp

a Balsa Donde Mfrs. airframe 1.20 d 5.00 6 1/2 Hamilton, Grant

USA components

BSBK Beverly Savings bank 12.85 6.50 6 5/8 Tucker Anthony

Savings

Bank

BLVD Boulevard Bank holding co. 23.40 18.00 18 Goldman Sachs

Bancorp

CCMSU CMS Advertising 2.45 e 7.00 8 Fitzgerald DeArman

Advertising svcs.

CANO Canonie Provides 26.25 15.00 15 1/2 Kidder Peabody

Environ- hazardous-

mental waste cleanup

Svcs.

DVRF Dover Closed-end mgmt. 7.25 10.00 10 Hopper Soliday

Regional investment co.

Financial

DRMD Duramed Mfrs./sells 5.10 6.00 6 Drexel Burnham

Pharmace- generic

uticals drug products

EDNR Ediner Operates 1.51 2.75 2 3/4 Engler & Budd

restaurants

VIRO Enviropact Environmental 1.95 3.25 3 1/2 Werbel-Roth

consulting svc.

XCEL Excel Savings & loan 31.98 10.63 10 5/8 Merrill Lynch

Bancorp

FISV Fiserv Provides data- 16.25 12.50 12 1/2 Merrill Lynch

process. svcs.

GGF b Global Closed-end 50.00 f 10.00 10 First Boston

Growth investment co.

& Income

CHIK Golden Produces/mkts. 13.20 12.00 12 Interstate Securities

Poultry poultry

products

GVMF Golden Dvlps./mkts. 22.40 14.00 14 1/8 Piper, Jaffray

Valley food products

Microwave

Foods

HNBC Harleysville Bank holding co. 4.42 30.50 34 W. H. Newbold's

Nat'l.

HSRC Healthsouth Provides medical 13.00 6.50 6 1/2 Robertson, Colman

Rehabili- rehab. svcs.

tation

BIMD ICN Dvlps./mkts. 3.60 6.00 6 D. H. Blair

Biomedicals research

chemicals

IFMX Informix Designs/dvlps./ 10.35 7.50 8 Hambrecht & Quist

mkts. database

software

ISEC Insituform Pipeline-and- 7.75 7.75 7 3/4 Robinson-Humphrey

Southeast sewer

repair

JBIL J. Bildner Operates 18.85 13.00 12 3/4 Kidder Peabody

& Sons specialty

grocery stores

LAKE Lakeland Mfrs. protective 6.41 6.75 7 Tucker Anthony

Industries clothing

MANA Manatron Dvlps. data- 3.15 5.25 5 1/4 D. H. Blair

process. systs.

MRTN Marten Long-haul 13.00 13.00 13 1/4 Alex. Brown

Transport trucker

MIDC MidConn Savings bank 10.21 9.35 9 1/2 Moseley Securities

Bank

ROOTU Mr. Rooter Provides sewer/ 2.50 e 5.00 4 7/8 Anderson, Bryant

drain cleaning

svcs.

MUTU Mutual Savings & loan 4.80 8.00 8 Interstate Securities

Federal S&L

NLN c New Line Produces/distrs. 6.40 8.00 8 Drexel Burnham

Cinema motion pictures

TTSI P.A.M. Irreg.-route 16.88 11.25 11 1/4 Robinson-Humphrey

Transport trucking co.

Svcs.

PEBW Peoples Savings bank 38.14 12.75 12 3/4 Kidder Peabody

Savings

Bank

PULS Pulawski Savings & loan 5.64 16.00 16 1/4 Ryan, Beck

S & L

QVCN QVC Network Will mkt. 25.00 10.00 22 Furman Selz

consumer

prods. via TV

REL b Reliance Insurance/ 150.00 10.00 10 Drexel Burnham

Group financial svcs.

Holding

RDWI Roadway Operates truck 4.00 2.00 2 1/4 Thomas James

Motor stops

Plazas

SCOM SCS/Compute Provides income- 8.75 8.75 8 3/4 Wedbush, Noble

tax return

svcs.

SAIIU Sage Dvlps. decision- 3.60 d 4.50 4 1/2 Whale Securities

Analytics support tech.

Int'l

SFFD San Savings & loan 35.58 10.75 10 3/4 Salomon Bros.

Francisco

Federal S&L

SURE Scor U.S. Insurance 43.50 g 14.50 14 3/8 Shearson Lehman

holding co.

SMRTU Smart Card Dvlps. 5.63 d 2.50 4 3/4 Yves Hentic

Int'l electronic Investment Sec.

credit cards

STHF Stanley Imports/Mfrs./ 17.50 10.00 10 Wheat, First

Interiors produces

furniture

THRXU Theragenics Dvlps./mkts. 5.00 h 10.00 11 Yves Hentic

pharmac.

UBMT United Savings bank 5.08 8.00 8 1/4 D. A. Davidson

Savings

Bank

UBTC University Savings bank 5.70 9.50 9 1/2 Ladenburg, Thalmann

Bank

& Trust

VTX c VTX Dists. 4.50 7.50 7 1/2 Prescott Ball

Electronics electronic

wire and cable

VITC Victoria Designs/mfrs./ 14.95 11.50 11 1/2 Shearson Lehman

Creations mkts.

costume jewelry

a Video Mfrs. video 1.50 i 2.00 2 1/8 Thomas James

Spection cameras

VRSIU Viral Dvlps. medical 2.50 e 5.00 5 Yves Hentic

Response apparatus

Systems

ZF b The Zweig Closed-end 300.00 10.00 10 Drexel Burnham

Fund investment co.

a no symbol;

b trading on NYSE;

c trading on AMEX;

d units of 1 common + 1 warrant;

e units of 2 common + 1 warrant;

f concurrently, the underwriters offered 5,000,000 income shares at $10, NYSE symbol GGFPR;

g concurrently, the underwriters offered, 1,000,000 shares overseas

h units of 3 common + 1 ab warrant;

i units of 4 common + 1 warrant.

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.