SMALL COMPANY INITIAL PUBLIC OFFERINGS: NOVEMBER 1986
Offering First
after-
O-T-C Size Price market
sym. Company Business/product ($ mil.) bid Underwriter
ARS b Aristech Produces & mkts. 319.50 d 18 Shearson
17.75 d
Chemical polymer prods. Lehman
ACT c Atari Mfrs. micro- 51.75 11.50 11 1/4 Paine Webber
computer systs.
BHAG BHA Group Mfrs. & mkts. 4.20 7.00 7 1/8 Blunt Ellis
air-control
equip.
BINL Blinder Int'l Brokerage firm 6.00 1.50 1 1/2 Blinder
Enterprises holding co. Robinson
BSBC Branford SB Savings bank 7.78 10.00 10 1/4 Keefe Bruyette
BKRS Brokers Securities broker 2.25 5.00 5 Lowell Listrom
Securities
CLSIF CDC Life Health-care mgmt. 58.37 e 12.97 13 Goldman Sachs
Sciences
CFI b Cal Fed Income Invests in real 110.00 10.00 10 Paine Webber
Partners L.P. estate
CRC b Carolco Produces movies 32.40 9.00 8 5/8 Paine Webber
Pictures
CAFC Carolina First Bank holding co. 5.00 10.00 12 Robinson-
Humphrey
CLIC Clairson Int'l Mfrs. wire prods. 18.90 10.50 10 1/2 Robinson-
Humphrey
CCE b Coca-Cola Bottling 1,001.39 f 16.50 16 1/2 Allen & Co.
Enterprises operation
CMA b Commonwealth Mortgage banking 130.00 10.00 10 Kidder Peabody
Mortgage L.P.
CONT Continental Provides health- 13.50 6.75 6 7/8 Robertson
Medical care svcs. Colman
Systems
CTRNU Cortronic Mkts. blood-pres- 4.40 g 8.00 8 Muller & Co.
sure monitors
CRITA Criterion Group Investment mgmt. 28.80 18.00 18 Goldman Sachs
holding co.
CYTRU Cytrx Pharmac. R&D 12.00 h 6.00 6 D. H. Blair
DXYN Dixie Yarns Mfrs. yarns 32.40 18.00 18 Lazard Freres
EACO EA Engineering, Provides environ. 10.00 10.00 10 1/2 Legg Mason
Science, svcs.
& Tech
EDGC Edgcomb Operates metals 12.60 6.00 5 7/8 Drexel Burnham
svc. ctrs.
ECTL Elcotel Designs & mkts. 6.00 6.00 6 F. N. Wolf
pay telephones
EOA c Empire of Savings bank 52.00 5.63 5 5/8 Kidder Peabody
America
FSB
EPTO Epitope Dvlps. health 3.60 6.00 6 Paulson
prods. Investment
FSVPU FIND/SVP Dvlps. & mkts. 3.78 i 7.00 12 1/2 Stuart-James
information
svcs.
FMLY Family Savings bank 20.38 8.75 8 3/4 Paine Webber
Mutual SB
FARR Farragut Mortgage banking 6.00 6.00 6 Ladenburg
Mortgage Thalmann
FFPC First Federal Savings & loan 8.32 7.25 7 1/4 Williams
S&L-Panama Securities
City
FRSH Fresh Juice Mkts. frozen 2.97 5.50 6 1/4 Marketfield
orange juice Securities
GAIN Gainsco Insurance 8.75 7.00 6 3/4 Smith Barney
FUEL Griffith Heating-oil 3.60 6.00 5 7/8 Johnston Lemon
Consumers distr.
HDRP HDR Power Dvlps. & mfrs. 4.54 8.25 8 1/4 Ohio Co.
Systems power systs.
HIII Harman Int'l Mfrs. audio 34.57 15.00 14 3/4 Goldman Sachs
Industries systs.
HTLD Heartland Trucking svc. 15.00 10.00 10 Paine Webber
Express
HMSB Home SB Savings bank 123.08 10.75 10 3/4 Merrill Lynch
HFIN Horizon Savings & loan 7.60 7.00 7 Prescott Ball
Financial
Services
HUFK Huffman Koos Retails 18.00 10.00 10 Shearson
furniture Lehman
INSP InSpeech Speech therapy 37.40 17.00 17 1/2 Smith Barney
ITSCU Industrial Training progs. 2.15 j 5.38 5 3/8 Janney
Training Montgomery
a Information Software design & 0.50 5.00 5 1/8 Wachtel & Co.
Analysis programming
IINC Initials + Retails gifts 5.01 7.00 7 1/4 McKinley
Allsopp
a Iron Works Owns & operates 0.78 1.30 1 1/2 Heiner & Stock
Development fitness ctrs.
IRWN Irwin Magnetic Designs, mfrs., 16.52 8.00 8 Drexel
Systems & mkts. Burnham
microcomputer
cartridges
JAMYU J.A.M. Training programs 3.00 g 1.50 1 5/8 Thomas James
JTV c Jones Buys & operates 46.40 16.00 15 3/4 Dean Witter
Intercable cable-TV systs.
Investors,
L.P.
KBA b Kleinwort Closed-end 55.00 10.00 9 7/8 Kidder Peabody
Benson investment
Australian mgmt. co.
income
Fund
LBFC Landmark Bank holding Co. 7.50 12.00 11 3/4 Moseley
Financial Securities
MFM b MFS Municipal Closed-end 310.00 10.00 10 Wheat First
Income Trust investment
mgmt. co.
MRCH Merchants Group Regional insur- 8.93 10.50 10 1/2 Merrill Lynch
ance holding co.
MMCT Metro Mobile Owns & operates 41.73 12.50 13 1/2 Donaldson
CTS telephone systs. Lufkin
MILW Milwaukee Property & 10.50 10.50 10 1/2 Prescott Ball
Insurance casualty
Group reinsurance
SIX b Motel 6, L.P. Owns & operates 81.00 13.50 13 1/2 Drexel Burnham
motels
NHES Nat'l Health Dvlps. & licenses 3.50 5.00 5 First
Enhancement health progs. Affiliated
Systems
NVIS National Video Operates video 5.00 5.00 5 Morgan
stores Olmstead
NSSB Norwich Savings bank 36.24 10.50 10 1/2 Merrill Lynch
Savings
Society
OBCC Olympic Radio & TV 4.50 6.00 6 Drexel Burnham
Broadcasting broadcasting
PCSI PCS Processes drug 27.00 13.50 13 3/4 Morgan Stanley
claims
PHPH PHP Healthcare Provides health- 4.50 6.00 6 Stifel
care svcs. Nicolaus
CHX b Pilgrim's Pride Produces chicken 46.00 11.50 11 3/4 Donaldson
prods. Lufkin
ASE c Precision Produces 7.75 7.75 7 5/8 Dean Witter
Aerotech aerospace
equip.
RMCI Right Consulting svcs. 4.62 5.50 5 3/4 Advest
Management
Consultants
RMKE c Robert-Mark Real estate co. 2.81 j 6.25 6 Janney
Montgomery
RVT b Royce Value Closed-end 100.00 10.00 10 Lazard Freres
Trust investment
mgmt. co.
SATLU Satellite Conducts 2.50 k 10.00 10 Haas
Auction auctions Securities
Network
SAZZ Saztec Int'l Provides computer 3.13 6.25 6 Steinberg &
database svcs. Lyman
SCOT Scott & Bank holding co. 6.52 12.75 12 3/4 Scott &
Stringfel- Stringfellow
low Financial
SFBM Security Savings & loan 9.14 8.00 8 1/4 D. A. Davidson
Federal
Savings
SPBD Springboard Dvlps. software 6.00 6.00 6 1/2 Commerce
Software Capital
SPAIB Strategic Mgmt. consulting 10.35 11.50 11 1/2 Dillon Read
Planning
STRB Strober Building 12.00 12.00 12 Oppenheimer
Organization supplies
UNM b UNUM Holding co. 561.48 25.50 28 Goldman Sachs
USRE US Facilities Insurance holding 26.00 10.00 9 3/4 Prudential-
Bache
VSR c Versar Provides 8.78 9.75 9 5/8 Tucker Anthony
environ.
svcs.
VSTR Vestar Dvlps. drug 10.63 8.50 9 Alex. Brown
delivery
systs.
WSFS Wilmington Savings bank 33.31 10.38 10 3/8 Shearson
Savings Lehman
Fund Society
a no symbol;
b trading on NYSE;
c trading on AMEX;
d concurrently, an additional 4.5 million shares were offered overseas;
e an additional 4.5 million shares were offered in Canada;
f concurrently, and additional 10.71 million shares were offered overseas;
g units of 4 common + 1 warrant;
h units of 3 common + 3 warrants;
i units of 100 common + 25 warrants;
j units of 1 common + 1 warrant;
k units of 2 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.
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