SMALL COMPANY INITIAL PUBLIC OFFERINGS: AUGUST 1987

Offering First

Size Price after-

O-T-C ($ market

sym. Company Business/product mil.) bid Underwriter

ACG a ACM Government Closed-end 522.00 12.00 11 5/8 Paine Webber

Income Fund mgmt.

investment co.

APOS Advanced Dvlps. & mfrs. 14.00 7.00 7 1/8 Allen

Polymer topical delivery

Systems systs.

SEMI All American Distr. 2.50 2.50 2 5/8 RLR Securities

Semiconductors semiconductor

components

AIMG Alliance Mobile 6.30 7.00 7 L. F. Oothschild

Imaging diagnostic-

imaging equip.

ACCI American Provides 3.15 5.00 5 F. N. Wolf

Consulting mktg. &

consulting svcs.

ASR b American Real-estate 65.00 10.00 10 Prudential-Bache

Southwest investment trust

Mortgage

APWRA Applied Power Mfrs. 28.35 15.75 15 3/4 Dillon Read

hydraulic

equip.

ATKM Atek Metals Distr. 10.20 8.50 8 1/2 Drexel Burnham

Center metals

AGH b Atlantis Group Furniture & 11.25 9.00 8 3/4 Shearson Lehman

insurance co.

BEP a BET Public Industrial 75.08 17.88 17 7/8 Goldman Sachs

Limited construction

BENUF Best Energy Heat-recovery 2.63 5.00 5 Rosenkrantz Lyon

Systems systs.

CELLU Cell Technology R&D bioresponse 8.00 c 8.00 8 Evans

technology

CINCU Coachman Dvlps. & 4.08 c 3.00 2 7/8 Fitzgerald

manages DeArman

hotels

DOCC Digital Mfrs. vision 5.10 6.00 6 Yorke McCarter

Optronics sensors

DOMN Domain Mfrs. data- 20.67 10.00 10 Shearson Lehman

storage

Technology disks

EESI Eastern Provides 10.00 8.00 9 1/4 Steinberg &

Environmental asbestos- Lyman

Services removal svcs.

ETEX Eastex Energy Gathers & Distr. 14.30 11.00 11 Lovett Mitchell

natural gas

ENTC Entronics Mfrs. money-order 8.00 8.00 8 Rauscher Pierce

dispensers

FAST Fastenal Sells industrial 9.00 9.00 11 Robert W.

& Baird

construction

prods.

FESX First Essex Bank holding co. 52.16 8.00 8 Paine Webber

Bancorp

XRAY Gendex Mfrs. X-ray 5.93 7.75 8 Blunt Ellis

equip.

GDM a Goldome FSB Savings 97.65 7.00 7 1/4 Merrill Lynch

bank

HRDG Harding Eng.-consulting 12.50 12.50 14 Drexel Burnham

Associates svcs.

SWZ a Helvetia Fund Closed-end 120.00 15.00 14 3/4 Kidder Peabody

mgmt.

investment co.

HTWN Hometown Bank 11.88 9.50 9 1/4 Kidder Peabody

Bancorporation holding co.

INDI Indepth Data Financial 3.00 3.00 2 7/8 B. C.

database Christopher

INCL Intellicall Designs, 25.20 14.00 14 1/2 Rauscher Pierce

mfrs.,

& sells pay

telephones

TFREU International Provides 5.00 d 5.00 5 3/8 L. C. Wegard

800 toll-free

Telecom telephone

numbers

JTMC J.T. Moran Financial 4.40 5.50 5 3/4 J. T. Moran

Financial services

JBM b Jan Bell Mfrs. 18.38 10.50 13 1/4 Oppenheimer

Marketing & distr.

jewelry &

apparel

JEPS Jepson Diversified group 52.00 13.00 13 Shearson Lehman

of

industrial- &

consumer-prod.

cos.

LANX LAN Systems Dvlps. 1.45 1.65 1 3/4 Summit

computer Investment

software

LII b Larizza Mfrs. 20.00 10.00 9 7/8 Merrill Lynch

Industries component

assemblies

LVC b Lillian Vernon Mkts. catalog 28.50 15.00 15 Goldman Sachs

merchandise

MCAWA McCaw Cellular Cellular 240.34 e 21.75 24 1/2 Drexel Burnham

Communications phone

svcs.

MTWO Melamine Mfrs. 35.00 12.50 12 1/2 Paine Webber

Chemicals melamine

crystals

MTEKU Monitek Dvlps. & mkts. 4.20 f 6.00 6 D. H. Blair

Technologies measurement

instruments

MOOD Moodus Savings Savings bank 0.97 10.00 10 Keefe Bruyette

Bank

MFGR Morsemere Bank holding co. 2.47 10.50 12 Ryan Beck

Financial

Group

LABL Multi-Color Produces 10.60 13.25 14 3/4 J. C. Bradford

consumer-prod.

labels

CBRYA Northland Grows 9.25 9.25 9 1/4 Robert W. Baird

Cranberries & sells

cranberries

ORIG Original Mfrs. 2.70 6.00 6 1/4 Marketfield

Italian Italian food

Pasta prods.

Products

POOL Poseidon Mfrs. 5.50 5.00 5 1/4 F. N. Wolf

Pools of pool equip.

America

PBKC Premier Bank holding co. 2.70 27.00 27 Investment Corp.

Bankshares of Virginia

PVNA Provena Foods Distr. 4.73 7.00 7 Birr Wilson

& processes

food

RBNC Republic Bank 8.60 10.75 10 1/2 First of

Bancorp holding co. Michigan

SNLFA S.N.L. Life, 6.75 6.75 6 3/4 Blunt Ellis

Financial health, &

accident

insurance

SCGI Starstream Produces 2.50 5.00 5 1/8 Anderson Bryant

Communications & distr.

Group radio

promotions

SVG b Stevens Designs 15.60 12.00 12 1/8 Eppler Guerin

Graphics & mkts.

printing equip.

TOPTU Tele-Optics Dvlps., 2.10 c 3.50 3 3/4 P. K. Hickey

mfrs.,

& mkts. optical

prods.

TLMD Telemundo Operates 21.00 10.50 10 1/2 Drexel Burnham

Group Spanish

TV stations

TNETU Telenetics Designs, 3.25 g 5.00 8 D. H. Blair

mfrs., &

mkts. data-

communications

equip.

TDAT Teradata Mfrs. 60.00 20.00 22 3/4 Salomon Bros.

computers

TFTY Thrifty Car-rental 37.00 18.50 18 1/2 Alex. Brown

Rent-A-Car network

Systems

UGNEU Unigene Biotech. lab 10.00 h 6.00 6 D. H. Blair

Laboratories

UBSC United Building Specialty 4.25 5.25 5 1/4 H. J. Meyers

Services construction

svcs.

UKM a United Kingdom Closed-end 50.00 12.50 12 1/8 Bear Stearns

Fund mgmt.

investment co.

WF b Winston Mfrs. 11.20 14.00 14 1/2 Thomson

Furniture furniture McKinnon

XSCR Xscribe Designs, dvlps., 12.00 8.00 8 Merrill Lynch

& mfrs.

computer-aided

transcription

systs.

a trading on NYSE;

b trading on AMEX;

c units of 1 common + 1 warrant;

d units of 2 common + 1 class a + 1 class b warrant;

e additional 2 million shares offered overseas;

f units of 2 common + 1 warrant;

g units of 4 common + 2 warrants;

h units of 3 common + 3 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.