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SMALL COMPANY INITIAL PUBLIC OFFERINGS: APRIL 1987

Offering First

Size after-

O-T-C ($ market

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

AMEA A.M.E. Provides video 23.63 13.50 13 1/8 Merrill Lynch

postproduction

svcs.

AGO a ABM Gold Dvlps. gold 35.00 c 10.00 10 1/4 Paine Webber

mines

ACTA Action Auto Operates auto 6.00 8.00 8 1/4 First of Michigan

Stores parts retail

chain

SAI a Allstar Operates motel 72.90 12.50 12 3/8 Drexel Burnham

Inns L.P. chain

AMPI Amplicon Leases & sells 20.21 12.25 12 3/4 Kidder Peabody

computers

ANMEU Angio-Medical Dvlps. pharms. & 10.00 6.00 9 Keane Securities

cosmetics

FURSA Antonovich Retails furs 7.22 9.63 9 1/2 Evans & Co.

APB b Asia Pacific Closed-end mgmt. 66.50 d 10.00 10 Prudential-Bache

Fund investment co.

AXIMU Axiom Systems Dvlps. computer 5.63 e 3.75 4 Bond Richman

software progs.

LABB Beauty Labs Designs & mkts. 6.00 6.00 6 1/8 H. J. Meyers

beauty prods.

BLU b Blue Chip Value Closed-end mgmt. 85.00 10.00 9 3/4 E. F. Hutton

Fund investment co.

CACOA Cato Corp., Operates women's 32.40 12.00 11 1/4 Shearson Lehman

The apparel stores

FUN b Cedar Fair L.P. Operates 160.00 10.00 9 3/4 Lazard Freres

amusement

parks

CWTS Country Wide Truckload 33.00 15.00 14 3/4 Robinson-Humphrey

carrier

Transport

Service

DAVX Davox Mfrs. comm. 18.40 11.50 11 3/4 Kidder Peabody

systs.

DDSIU Digital Provides 2.20 e 5.00 4 1/2 Brooks Weinger

Diagnostic diagnostic-

Systems imaging svcs.

DVRS Diversco Personnel agency 3.60 6.00 6 1/4 D. H. Blair

FIRF Downingtown S&L Savings & loan 1.80 9.00 10 1/4 W. H. Newbold's

Association

ELOPF El-De Mfrs. personnel 3.00 3.00 5 Brown Knapp

Electro-Optic identification

Development systs.

FBF b First Boston Closed-end mgmt. 240.00 10.00 10 First Boston

Income Fund investment co.

FFSW First Federal Savings & loan 3.70 14.00 14 1/4 McDonald & Co.

S&L

Association of

Wooster

FTSI Fisher Irregular-route 6.60 6.00 6 Laidlaw Adams

Transportation truckload

Services carrier

FRML Freymiller Long-haul 13.00 13.00 13 Alex. Brown

Trucking truckload

carrier

GALUF Galagraph Ltd. Designs & dvlps. 3.50 5.00 6 1/8 Datek Securities

graphics

controllers

GSBK Germantown Savings bank 25.68 9.75 9 3/4 Alex. Brown

Savings Bank

HQH b H & Q Closed-end mgmt. 55.00 10.00 9 1/2 Hambrecht & Quist

Healthcare investment co.

Investors

HRK a Hard Rock Cafe Owns & operates 40.80 16.00 16 Drexel Burnham

restaurant chain

PULP Kingston Scrap recovery 8.80 8.00 8 1/4 Woolcott

Systems

TUG b Maritrans Transports 118.95 9.75 9 3/4 Goldman Sachs

Partners petroleum

L.P. prods.

NPSIU Networked Designs & mkts. 3.50 f 4.00 4 Beuret

Picture graphics systs.

Systems

GEF b Nicholas- Closed-end mgmt. 100.00 10.00 9 3/4 Prudential-Bache

Applegate investment co.

Growth Equity

Fund

AOAKU Oak Tree Mkts. turnkey 3.60 g 8.00 8 1/8 Muller

Construction computer systs.

Computer

PTG a Portage Mfrs. & mkts. 10.28 7.50 7 Ingham Becker

Industries plastic sheets

PRXS Praxis Dvlps. & mfrs. 27.13 15.50 15 1/2 Shearson Lehman

Biologics vaccines

PPSA Prospect Park Savings & loan 2.83 13.80 13 3/4 Ryan Beck

S&L

PSBIU Psychiatric Clinical testing 6.25 e 6.25 6 1/8 Whale Securities

BioScience svcs.

QDLCU Quadlogic Mfrs. & mkts. 2.34 h 6.00 5 3/8 Providence

Controls electronic Securities

metering systs.

QFCI Quality Food Operates 16.90 13.00 15 Drexel Burnham

Centers supermarkets

RED a Red Lion Owns & operates 98.80 20.00 19 3/4 Merrill Lynch

Inns L.P. motels

RITEU Rent Rite Car-rental svcs. 1.79 e 3.25 3 1/4 Grady & Hatch

Reservation

Network

REXW Rexworks Mfrs. 6.25 7.50 7 3/4 Milwaukee Co.

construction

machinery

RTEK Rise Technology Mfrs. publ. 6.60 6.00 6 1/2 McKinley Allsopp

systs.

SQNT Sequent Mfrs. computer 25.50 17.00 18 3/8 Goldman Sachs

Computer systs.

Systems

SHRP Sharper Image, Operates retail 14.45 10.00 10.50 L. F. Rothschild

The stores &

mail-order svc.

SLC a Shopco Laurel Owns & operates 46.60 10.00 10 Shearson Lehman

Centre L.P. regional

shopping mall

TTEC Transpirator Designs, 3.19 4.25 4 1/4 J. T. Moran

Technologies dvlps., &

mkts.

respiratory

prods.

UNSI United Service Installs & 2.60 3.25 3 Eastlake

Source maintains Securities

satellite

systs.

XARTF Xerart Replicates oil 3.15 3.00 3 3/4 Emanuel & Co.

paintings

a trading on AMEX;

b trading on NYSE;

c an additional 3.5 million shares were offered overseas;

d an additional 2 million shares were offered overseas;

e units of 1 common + 1 warrant;

f units of 2 common + 1 warrant;

g units of 4 common + 1 warrant;

h units of 3 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.