SMALL COMPANY INITIAL PUBLIC OFFERINGS: JUNE 1987

Offering First

after-

O-T-C Size Price market

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

ADDR Addington Mines & mkts. 33.15 19.50 19 3/4 Advest

Resources coal

ALDC Aldus Dvlps. & Mkts. 44.80 20.00 26 Alex. Brown

software

AREL Alpharel Computer- 22.00 11.00 11 Merrill Lynch

document

imaging systs.

a Alpheus Dvlps. 0.60 d 5.00 5 1/4 Robert Ainbinder

Technology chromatography

systs.

BNDY Brandywine S&L Savings & loan 3.15 8.50 9 Butcher & Singer

Association

BDNI Builders Mkts. home 6.00 2.00 1 1/2 D. H. Blair

Design supplies

CRBN Calgon Carbon Produces 77.00 e 22.00 22 1/4 Shearson Lehman

activated carbon

CLM b Clemente Closed-end mgmt. 60.00 10.00 9 1/2 Ladenburg

Global investment co. Thalmann

Growth Fund

CNXS CNS Designs, mfrs., & 3.00 3.75 4 1/2 Engler-Budd

mkts. medical

monitors

CPE c Colorado Prime Mkts. gourmet 18.60 12.00 11 3/4 Dillon Read

foods &

appliances

TEF b Compania Telephone utility 334.00 d 20.88 22 Goldman Sachs

Telefonica

Nacional de

Espana, S.A.

BEZRY C.H. Beazer Construction co. 46.13 15.38 15 1/4 Shearson Lehman

(Holding)

PLC

DESI Designs Operates chain 26.00 13.00 13 Kidder Peabody

specialty stores

DDDI Downey Designs Gem remounting & 7.50 6.00 6 1/8 Drexel Burnham

International restyling

ECAD Ecad Dvlps. & mkts. 20.13 8.50 9 1/4 Alex. Brown

software

ECN c Ecogen Dvlps. biological 17.10 9.50 9 1/2 Prudential-Bache

pesticides

ESSF Essef Mfrs. plastic 19.50 13.00 14 1/4 McDonald

prods.

FCTR First Charter Bank holding co. 5.88 11.75 11 3/4 Interstate

Securities

FFES First Federal Savings & loan 6.15 10.00 10 Kidder Peabody

S&L

of East

Hartford

FFWP First Federal Savings & loan 4.08 9.50 9 1/2 Janney

of Western Montgomery

Pennsylvania

FBUS Fisher Designs & dvlps. 1.20 3.00 4 1/8 Penn. Merchant

Business software Group

Systems

FBUSU Fisher Designs & dvlps. 3.54 f 6.15 11 1/2 Penn. Merchant

Business software Group

Systems

FGL b FMC Gold Gold mining 49.00 g 14.00 14 Morgan Stanley

FOR b Formica Mfrs. decorative 48.47 11.75 11 3/4 Shearson Lehman

laminates

GATW Gateway Savings & loan 10.79 9.00 9 Legg Mason

Federal

S&L

GRTR Greater Savings bank 96.83 9.50 9 1/2 First Boston

New York

Savings Bank

HOHIU HOH Water Mfrs. water- 5.40 h 6.00 6 D. H. Blair

Technology purification

systs.

HRMR Hunter-Melnor Mkts. ceiling 9.00 9.00 9 Kidder Peabody

fans

HWCD HWC Distr. wire & 14.40 9.00 9 Wertheim

Distribution cable Schroder

IMAG Image Electronics- 3.20 4.00 4 3/8 John G. Kinnard

Retailing stores

holding co.

MPAC Impact Systems Dvlps. & mfrs. 17.85 8.50 8 3/4 Robertson Colman

actuator systs.

INBK Indiana Bank holding co. 2.50 23.50 23 1/2 Ryan Beck

Bancshares

KOOLU Instacool of Dvlps. liquid 2.50 f 2.00 2 3/8 Huberman

North America fluorocarbon

ITGN Integon Insurance 22.40 7.00 6 3/4 Drexel Burnham

holding co.

INEL Intelligent Mkts. computer 12.35 10.00 10 Janney

Electronics systs. Montgomery

IMPX International Designs, 24.75 5.50 5 1/2 Shearson Lehman

Microelect- dvlps., &

ronic mfrs. integrated

Products circuits

ITIL International Telephone 13.60 8.00 8 Morgan Olmstead

Telecharge operator

assistance

ISPC Interspec Mfrs. & mkts. 19.32 11.50 11 1/2 Merrill Lynch

ultrasound

systs.

JASN Jason Mfrs. automotive 6.40 8.00 7 7/8 Blunt Ellis

trimming

LJSI L.J. Simone Designs & mfrs. 6.34 8.75 9 1/4 Tucker Anthony

shoes & purses

MFSL Maryland Savings & loan 10.49 8.50 8 1/2 Alex. Brown

Federal S&L

MCOM Midwest Supplies audio & 14.40 9.00 9 Montgomery

Communi- video equip. Securities

cations

RACEU Mid-America Raises horses 4.00 f 8.00 8 3/8 Fitzgerald

Racing DeArman

Stables

MLMC Multi-Local Publ. 21.00 10.50 10 1/2 Kidder Peabody

Media telephone

directories

MYCO Mycogen R&D of biological 17.60 11.00 10 3/4 Montgomery

pesticides Securities

NAS c Nasta Mfrs. toys 3.88 5.00 4 3/4 Advest

International

NUV b Nuveen Closed-end mgmt. 1,500.00 10.00 10 Alex. Brown

Municipal investment co.

Value Fund

OSIC Osicom Distr. 9.45 6.75 7 1/4 Sherwood

Technologies data-storage Securities

equip.

PGEN Plant Genetics Dvlps. & produces 5.23 9.50 9 1/2 L. F. Rothschild

plant prods.

PFP c Prime Investment 4.40 4.00 4 B. C.

Financial banking Christopher

Partners L.P.

PRFT Proffitt's Operates 8.00 8.00 8 Morgan Keegan

specialty

dept. stores

RFBK Raleigh Savings bank 20.98 9.25 9 3/8 Carolina

Federal Securities

Savings Bank

RSE c Resource Environmental 17.25 11.50 12 1/2 Ladenburg

Engineering consulting Thalmann

SMNA Samna Provides word- 6.50 6.50 6 3/4 Robinson-

processing Humphrey

systs.

SAF b Scudder Closed-end mgmt. 72.00 12.00 11 3/4 Shearson Lehman

New Asia investment co.

Fund

SSLN Security S&L Savings & loan 8.57 6.88 6 3/4 Shearson Lehman

Association

SHOW Showscan Film Motion-picture 12.00 10.00 10 3/4 Whale Securities

proc.

SWTX Southwall Designs & mfrs. 20.33 11.75 11 3/4 Kidder Peabody

Technologies film coatings

SPMD Spectramed Mfrs. 40.04 11.00 10 3/4 Alex. Brown

physiological

monitors

SNBKU Summit Bank 3.50 i 10.00 9 3/4 Fahnestock & Co.

National

Bank

TCGN Tecogen Mfrs. 12.75 8.50 8 3/4 Drexel Burnham

cogeneration

systs.

TBL c Timberland Mfrs. shoes 46.90 14.00 15 Merrill Lynch

Co., The

TMCO Time Designs & sells 3.29 4.25 4 3/8 Craig Hallum

Management time-mgmt.

systs.

TJX b TJX Cos., The Operates 195.50 23.00 23 1/2 Wertheim

specialty Schroder

apparel stores

UNO c Uno Restaurant Operates 8.75 8.75 8 3/4 A. G. Edwards

restaurant chain

WLMN Wellman Recycles waste 79.95 e 20.50 21 7/8 Shearson Lehman

WTOY Wisconsin Toy Distr. & sells 12.60 9.00 9 William Blair

toys

XETA Xeta Provides 5.60 7.00 7 Eppler Guerin

telephone-mgmt.

systs.

a no symbol;

b trading on NYSE;

c trading on AMEX;

d units of 5 common + 3 class a + 2 class b warrants;

e an additional 1 million shares offered overseas;

f units of 2 common + 1 warrant;

g an additional 3. 5 million shares offered overseas;

h units of 3 common + 3 warrants;

i units of 1 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.