SMALL COMPANY INITIAL PUBLIC OFFERINGS: FEBRUARY 1987

Offering First

Size after-

O-T-C ($ market

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

JAIL Adtec Designs & 4.54 8.25 8 3/4 Underwood

produces locking

devices

AHE b American Invests in health- 200.00 20.00 19 7/8 Dean Witter

Health care facilities

Properties

AMRE Amre Mkts. & installs 20.80 16.00 21 E. F. Hutton

siding

ARINU Arista Underwrites 3.40 d 8.00 8 Rosenkrantz Lyon

Investors disability

insurance

ARVI Atlantic Dvlps. & operates 2.50 2.50 2 3/8 Scott &

Restaurant restaurants Stringfellow

Ventures

BAPO Bamberger Provides custom 7.88 8.75 8 3/4 Evans & Co.

Polymers packaging svcs.

BSBX Bell Savings Savings bank 7.03 12.00 13 1/4 Alex. Brown

Bank

BSL c Bermuda Provides cruise 5.76 6.00 5 3/4 Drexel Burnham

Star Line vacations

BRAD Bradens Technical 2.50 e 2.00 2 1/4 Thomas James

employment

agency

BRDN Brandon Supplies 7.70 11.00 11 1/2 Butcher & Singer

Systems temporary

personnel

BAB b British Int'l airline 114.00 f 19.00 16 1/8 Salomon Bros.

Airways PLC

BRLN Brooklyn Savings bank 2.77 8.50 11 1/8 Moseley

Savings

Bank

CANX Cannon Freight express 3.00 5.00 5 Lowell Listrom

Express

CAII Capital Equip. leasing & 21.38 9.50 9 1/2 E. F. Hutton

Associates brokerage

CCTVY Carlton Designs & mfrs. 75.90 16.50 16 1/8 Shearson Lehman

Communi- video post-

cations production

PLC prods.

RISEU Catch A Operates comedy 3.00 g 5.00 5 D. H. Blair

Rising Star clubs

CHP c Charter Power Mfrs. battery 22.00 11.00 10 3/4 Merrill Lynch

Systems power systs.

CLEOU Cleopatra Distr. cosmetics 7.00 e 5.00 5 D. H. Blair

Kohlique

CONH Continental Designs & sells 13.80 11.50 11 1/2 Drexel Burnham

Homes houses

CRON Crown Brands Mfrs. & mkts. food 6.00 6.00 6 D. H. Blair

prods.

DLWD Delta Mfrs. & mkts. 28.00 14.00 14 Robinson-Humphrey

Woodside fabric & apparel

Industries

EAGL Eagle Bank holding co. 5.85 11.50 12 Drexel Burnham

Financial

EHP b Emerald Designs, builds, & 27.50 10.00 9 3/4 Prudential-Bache

Homes sells houses

L.P.

EXLN Excelan Mfrs. local area 25.55 12.00 15 1/2 Alex. Brown

networks

FNF c Fidelity Savings and loan 11.85 10.00 10 1/2 Blunt Ellis

National

Financial

FGSV First Georgia Savings bank 5.00 10.00 10 1/4 Johnson Lane

Savings Bank

JIB b Foodmaker Operates & 43.20 h 13.50 13 1/2 Morgan Stanley

franchises

restaurants

GSCDU GASCARD Club Dvlps. & mkts. 5.00 i 5.00 5 Engler & Budd

fuel-mgmt. systs.

HMT b HIMONT Mfrs. 287.00 j 28.00 32 Wertheim

polypropylenes

IFSL Indiana Savings and loan 14.29 10.00 10 7/8 Prudential-Bache

Fed. S&L

Association

IGC c Interstate Real estate 18.00 9.00 9 Thomson McKinnon

General dvlpmt.

L.P.

MBSX MBS Textbook Wholesaler of 15.00 10.00 10 Drexel Burnham

Exchange college textbooks

MRCIU Marci Operates retail 4.40 e 4.00 4 1/2 F. N. Wolf

International import stores

Imports

MRGO Margo Nursery Grows & distr. 3.50 5.00 5 D. H. Blair

Farms flowers & plants

MDMK The Medmark Owns & operates 3.00 5.00 4 5/8 Fitzgerald

Group health plans

TMG b The Musicland Retails specialty 35.00 20.00 22 Merrill Lynch

Group records

ONCRU Oncor Dvlps. 4.50 e 6.00 6 D. H. Blair

hybridization

systs.

PNRE Pan Property & 28.00 16.00 16 Dillon Read

Atlantic Re casualty

reinsurance

PARLU Parlux Produces 4.20 e 10.00 10 1/4 R. C. Stamm

Fragrances fragrances

& beauty prods.

PHON Photon Designs, 4.55 6.50 6 1/2 Ernst & Co.

Technology dvlps., &

International mfrs. electro-

optical

instruments

KFV b Quest for Closed-end mgmt. 225.00 k 12.50 12 1/2 Oppenheimer

Value investment co.

Fund

a SSE Telecom Provides eng. & 0.60 5.00 5 Wachtel

technical svcs.

SCHOU Schult Homes Designs & builds 4.17 i 5.00 4 7/8 Janney Montgomery

houses

SNCO Sensor Designs, mfrs., & 4.99 5.25 5 1/4 H. J. Meyers

Control mkts. pressure

sensors

SIZ b Sizeler Real estate 67.40 20.00 20 Alex. Brown

Property investment trust

Investment

SDP b Sun Wholesale 96.90 10.00 10.25 Shearson Lehman

Distributors distr. of

L.P. indust. prods.

SSAX System Dvlps. computer 17.64 13.00 14 1/2 Robertson Colman

Software software

Associates

CVT b TCW Closed-end mgmt. 200.00 10.00 9 3/4 Bear Stearns

Convertible investment co.

Securities

TKVDU Techvend Mfrs. & mkts. 2.50 l 10.00 10 American

entertainment Investors

ctrs.

EMF c Templeton Closed-end mgmt. 100.00 10.00 15 Merrill Lynch

Emergency investment co.

Markets

THEIU Today Home Acquires home 2.50 m 5.00 5 D. H. Blair

Entertainment video rights

TUNXU Tunex Provides one-stop 2.16 e 12.00 13 1/4 Capital Shares

International auto svc.

& repair

USPI University Provides mgmt. 2.50 5.00 5 D. H. Blair

Science consulting svcs.

Partners

WAVEU Wavetech Provides eng. & 2.70 n 6.75 5 5/8 Buchanan & Co.

personnel svcs.

a no symbol;

b trading on NYSE;

c trading on AMEX;

d units of 2 common + 2 warrants;

e units of 2 common + 1 warrant;

f offering was for American Depository shares, each representing 10 ordinary shares; $19.00 represents two installment payments;

g units of 3 common + 3 warrants;

h concurrently, 800,000 shares were offered overseas;

i units of 1 common + 1 warrant;

j concurrently, 2.25 million shares were offered overseas;

k concurrently, Oppenheimer offered 18 million income shares;

l units of common + 2 warrants;

m units of 3 common + 1 warrant;

n units of 3 common + 2 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.