SMALL COMPANY INITIAL PUBLIC OFFERINGS: JULY 1987

Offering First

Size after-

O-T-C ($ market

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

AHT a AIRCOA Hotel Operates hotel 37.00 18.50 18 1/4 L. F. Rothschild

Partners, L.P. resorts

ABD a Abiomed Dvlps. medical 13.20 11.00 11 Kidder Peabody

devices

ADMS Advanced Supplies books 20.80 13.00 13 1/4 Alex. Brown

Marketing to

Services warehouse

buying clubs

AU b Amax Gold Gold & Silver 53.66 c 26.50 28 Merrill Lynch

mining

STD b Banco Banking and 105.50 52.75 52 3/4 Salomon Bros.

Santander financial

activities

CCL a Carnival Cruise Operates cruise 325.50 d 15.50 15 3/8 Salomon Bros.

Lines ships

CLTYU Celerity Mfrs. computer 7.00 e 8.00 11 1/4 Stuart James

Computing systs.

CELG Celgene Dvlps. & mfrs. 11.00 11.00 11 1/2 Dean Witter

specialty

chemicals

CPSX Ceramics Dvlps. & mfrs. 18.00 12.00 10 1/8 Kidder Peabody

Process advanced

Systems ceramics prods.

CGRP Chase Medical Operates medical 5.25 5.25 5 1/4 Steinberg &

Lyman

Group centers

CAC b CoastAmerica Franchises 21.00 7.00 6 3/4 Drexel Burnham

retail

hardware stores

COGNF Cognos Dvlps. & mkts. 26.98 16.00 16 Alex. Brown

applications

languages

CNMD Conmed Produces 6.85 7.00 7 Ohio Co.

disposable

medical devices

CIG a Continental Provides visual- 10.50 10.50 10 3/8 Paine Webber

Graphics information

svcs.

CSOF Corporate Mkts. computer 11.07 9.00 9 Salomon Bros.

Software software

DLPH Delphi Installs & 7.50 7.50 7 1/4 Smith Barney

Information supports

Systems computer systs.

EII b E-II Holdings Mfrs. & mkts. 345.00 f 15.00 14 3/4 Salomon Bros.

consumer & food

prods.

EBKC Eliot Savings Savings bank 16.86 11.88 11 7/8 Merrill Lynch

Bank

EFSB Elmwood Savings bank 9.10 8.50 8 3/4 Legg Mason

Federal

Savings Bank

ECLAY English China Mfrs. & sells 61.25 24.50 24 5/8 Goldman Sachs

Clays, PLC china

clay

EVRX Everex Systems Designs & mfrs. 54.45 g 11.00 11 1/8 Goldman Sachs

computer

peripherals

FICI Fair, Isaac Dvlps. credit- 13.30 9.50 9 1/4 Hambrecht &

Quist

evaluation

statistical tools

FILE FileNet Mfrs. document 24.00 h 16.00 17 1/4 Morgan Stanley

image

processors

FBKP First Bank of Bank 5.25 10.00 10 Moseley

Philadelphia Securities

VAFB First Fed. Savings bank 7.49 6.88 6 7/8 E. F. Hutton

S&L of

Canton

FST a Forstmann & Mfrs. woolen 33.00 15.00 15 Lazard Freres

Co. fabric

DNNY Frances Denney Mfrs. & mkts. 7.00 7.00 7 Bear Stearns

Cos. cosmetics &

fragrances

HCFIU Health Provides 2.10 i 7.00 7 Gilford

Concepts IV diversified Securities

health-care

svcs.

HRHC Hilb Rogal & Operates 12.10 11.00 11 Alex. Brown

Hamilton insurance

agencies

HDS b Hills Operates 34.93 11.00 11 Drexel Burnham

Department department

Stores stores

HORL Home Office Provides 72.00 g 18.00 25 Smith Barney

Reference laboratory

Laboratories testing svcs.

LDIC LDI Leases data- 17.50 16.00 16 1/4 Smith Barney

processing

equip.

MBI b MBIA Provides 105.75 23.50 21 3/4 Morgan Stanley

municipal-bond

insurance

TSTM MediaLogic Mfrs. computer 2.40 4.00 4 1/4 Providence

test equip. Securities

MICA MicroAge Franchises 17.00 10.63 10 1/4 Bear Stearns

computer stores

NAIG National Provides 13.26 12.00 14 Volpe &

Covington

Insurance business

Group svcs.

ONBK Onondaga Savings bank 28.20 6.00 6 Dean Witter

Savings Bank

OCCXZ Oppenheimer Investment mgmt. 97.20 13.50 13 1/2 Oppenheimer

Capital L.P. svcs.

OPTX Optek Mfrs. 5.40 6.00 6 Rauscher Pierce

Technology optoelectronic

components

PVSA Parkvale Savings 9.79 8.00 8 Butcher & Singer

Savings association

Association

QILTU Pathe Mfrs. & mkts. 2.50 j 5.00 5 1/8 Haas Securities

Computer stitching

Control machinery

Systems

PSHPZ Pickett Suite Acquires hotels 31.10 10.00 10 McDonald

Hotel

Master L.P.

PFPF Price Pfister Mfrs. faucets, 30.00 15.00 15 1/2 Invemed Assoc.

valves, & fittings

PRCO Pricor Operates & 6.75 7.50 7 1/2 Rotan Mosle

manages

correctional

facilities

PNET Pronet Provides 11.29 10.50 10 3/4 A. G. Edwards

paging svcs.

PCF b Putnam High Closed-end mgmt. 125.00 10.00 9 7/8 Smith Barney

Income investment co.

Convertible &

Bond Fund

QDRXU Quadrax Dvlps. fiber 5.00 k 5.00 5 D. H. Blair

composites

RENXU Renaissance Designs, 8.44 l 9.00 11 Paulson

GRX dvlps., & Investments

mfrs. graphic

adapters

SAH b Sahara Casino Operates 55.80 9.00 8 7/8 E. F. Hutton

Partners hotels &

casinos

SPE b Specialty Mfrs. 30.97 12.00 12 1/8 First Boston

Equipment food-service

equip.

SWIS St. Ives Dvlps., mfrs., & 25.37 13.00 13 Salomon Bros.

Laboratories mkts. personal-

care prods.

BEAMU Summit Mfrs. medical 5.60 k 4.00 4 D. H. Blair

Technology laser

systs.

KNITU Techknits Mfrs. knitted 5.00 l 5.00 5 1/4 L. C. Wegard

apparel

TUHC Tucker Holding Bank holding co. 2.80 8.00 8 J. W.

Co. Charles-Bush

UCOA United Coasts Insurance 14.00 7.00 7 3/8 Tucker Anthony

holding

co.

VAFB Valley Federal Bank 2.62 6.50 6 1/2 McDonald

Savings Bank

VKSI Vikonics Designs & mfrs. 4.00 5.00 5 1/2 Whale Securities

security systs.

WWGPY Ward White Specialty 16.63 19.88 19 3/8 Shearson Lehman

Group retailer

PLC

a trading on AMEX;

b trading on NYSE;

c an additional 2.025 million shares were offered overseas;

d an additional 2.6 million shares were offered overseas;

e units of 40 common + 20 warrants;

f an additional 5 million shares were offered overseas;

g an additional 1 million shares were offered overseas;

h an additional 250,000 shares were offered overseas;

i units of 2 common + 1 warrant;

j units of 1 common + 1 warrant;

k units of 3 common + 1 warrant;

l units of 2 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.