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SMALL COMPANY INITIAL PUBLIC OFFERINGS: MARCH 1987

First

Offering after-

O-T-C Size market

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

AXXN Action Auto Auto rentals 10.80 12.00 15 McDonald &

Rental Co.

AMTQU Advanced Mfrs. Interactive 4.00 c 8.00 8 Muller

Marketing video consoles

Technology

AGPH Agouron Dvlps. pharm. 6.25 10.00 10 San Diego

Pharmaceuticals prods. Securities

ABGA Allied Bankshares Bank holding co. 6.25 12.50 13 1/2 Johnson Lane

APBI Applied Provides 45.00 15.00 15 1/2 Shearson

Bioscience toxicological Lehman

Int'l testing svcs.

AMEDU Automedix R&D of drug- 4.50 d 4.50 4 1/2 D. H. Blair

Sciences delivery devices

BRIK Brinkmann Produces 33.60 10.50 10 1/4 Shearson

Instruments scientific Lehman

instruments

CECI California Energy Dvlps. power 14.25 7.50 7 7/8 Laidlaw Adams

plants

CDBK Candlewood Savings & loan 5.00 10.00 10 Moseley

Bank & Trust Securities

CMU a Colonial Closed-end mgmt. 260.00 10.00 10 Morgan Keegan

Municipal investment co.

Income Trust

CRR a Consolidated Rail Operates railroad 1,456.00 e 28.00 31 3/8 Goldman Sachs

systs.

CORK Corken Int'l Designs. 2.50 5.00 5 Lowell H.

mfrs., & Listrom

mkts. pumps &

valves

CROP Crop Genetics Agricultural 23.20 14.50 15 Drexel

Int'l biotech prods. Burnham

DFP b De Laurentiis Produces & distr. 26.80 16.25 15 3/4 Paine Webber

Film motion pictures

Partners L.P.

ESTKU EasTek Designs image- 4.20 f 6.00 6 D. H. Blair

proc. systs.

EEI b Ecology & Identifies, 15.00 15.00 21 Prudential-

Environment monitors, & Bache

controls waste

ECSIU Electronic Designs security 2.00 g 1.60 1 5/8 Jersey

Control systs. Capital

Security

ELEX Elexis Mfrs. consumer 7.00 7.00 7 1/2 Advest

electronic

prods.

ESN b Escagen Dvlps. food 18.00 9.00 9 Prudential-

prods. Bache

FFUT First Federal S&L Savings and loan 5.31 6.50 6 3/4 Boettcher

of Salt

Lake City

FTL b Fruit of the Loom Mfrs. underwear 243.00 9.00 9 Drexel

Burnham

GTV b Galaxy Acquires, owns, & 43.00 20.00 20 1/8 Edward D.

Cablevision operates cable- Jones

L.P. TV systs.

GBLD General Building Mkts. lumber & 11.00 11.00 11 3/4 Paine Webber

Products bldg. supplies

HAKO Hako Minuteman Mfrs. & distr. 7.09 10.50 11 Chicago Corp.

carpet-care

equip.

HNGI Hospital Publishes health- 7.50 5.00 5 North

Newspapers care books American

Group Investments

JENNU Jennifer Owns & operates 4.00 f 8.00 8 Evans & Co.

Convertibles furniture stores

MMT a MFS Multimarket Closed-end mgmt. 1,100.00 10.00 10 Wheat, First

Income Trust investment co.

MMRH MMR Holding Electrical & 14.85 13.50 15 3/4 Wm. Blair

mechanical

contracting

MSAM Marsam Dvlps. injectable 12.00 15.00 19 Smith Barney

Pharmaceuticals drugs

MIGI Meridian Property & 18.00 12.00 12 3/8 Prescott Ball

Insurance casualty

Group insurance

MESL Mesa Airlines Commuter airline 6.49 7.50 8 Josephthal &

Co.

MSBI Montclair Savings Savings bank 8.06 15.00 20 Paine Webber

Bank

NHER National Heritage Operates nursing- 19.00 9.50 9 1/4 Drexel

care facilities Burnham

ORBS Orbis Mfrs. computer 2.50 2.50 2 1/2 Providence

software Securities

OFSB Oriental Federal Savings & loan 7.55 11.50 12 1/2 Drexel

Savings Bank Burnham

LPG a Petrolane Distr. liquefied 256.25 20.50 20 1/2 Kidder

Partners petroleum Peabody

L.P.

PXRE Phoenix Re Home & casualty 32.50 13.00 13 1/4 Shearson

reinsurance Lehman

PLAB Photronic Labs Mfrs. integrated- 6.40 8.00 8 1/2 Advest

circuit patterns

RIV b Riverbend Int'l Manages farms & 9.54 9.00 9 L. F.

mkts. fruit Rothschild

ZITIU Sidari Mfrs. pasta 3.00 h 5.00 5 Steinberg &

prods. Lyman

SOTK Sono-Tek Mfrs. & mkts. 1.75 5.00 5 Swartwood

nozzle systs. Hesse

TMAX Telematics Int'l Mkts. computer 24.60 12.00 14 3/4 Alex. Brown

systs.

TOTLU Total Research Market research 3.13 h 5.00 5 1/4 Steinberg &

Lyman

UNSA United S&L Savings & loan 4.70 8.75 10 1/4 Robinson-

Association Humphrey

XLGX Xylogics Designs, mfrs., & 17.43 16.00 19 Salomon Bros.

mkts.

controllers

a trading on NYSE;

b trading on AMEX;

c units of 4 common + 1 a into b warrant;

d units of 3 common + 3 warrants;

e an additional 6.75 million shares were offered overseas;

f units of 2 common + 1 warrant;

g units of 1 common + 1 warrant;

h units of 4 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.