INITIAL PUBLIC OFFERINGS: SEPTEMBER 1987

Offering First

Size after-

O-T-C ($ market

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

RCM a ARCO Chemical Produces 432.00 a 32.00 35 3/8 Goldman Sachs

chemicals

ADTX Advatex Provides 6.54 6.00 7 1/2 McKinley

asbestos-

Associates removal svcs. Allsopp

AAICA Albany Mfrs. paper- 80.00 e 16.00 15 3/4 Shearson

International machine Lehman

clothing

ALM a Allstate Closed-end mgmt. 300.00 10.00 10 Dean Witter

Municipal investment co.

IPS b American Shopping center 40.00 20.00 19 7/8 Edward D.

Income investments Jones

Properties

AMEN Amnews Holding Operates 2.19 3.50 3 3/4 Russo

franchised gift Securities

shops

ANSL Anchor S&L Savings & loan 1.59 9.00 9 3/4 Legg Mason

c Asset Blind pool 0.15 6.00 6 1/4 Westminster

Exploration Securities

BULKF B&H Bulk Operates & sells 20.00 10.00 9 3/4 Mabon Nugent

Carriers cargo vessels

Ltd.

CBLX Cable Exchange Sells cable-TV 1.80 3.00 3 3/4 Engler-Budd

equip.

CADA Cam Data Designs 3.00 5.00 5 D. H. Blair

inventory-

Systems control systs.

CBAM Cambrex Mkts. specialty 52.50 21.00 21 1/2 Morgan Stanley

chemicals

CETH Catalyst Owns & operates 16.80 7.00 6 7/8 Drexel Burnham

Thermal steam systs.

Energy

CNCAA Centel Cable Operates 65.60 f 20.50 20 1/2 Morgan Stanley

Television cable-TV

systems

CNTX Centex Provides 18.90 9.00 9 1/4 Alex. Brown

Telemana telecomm. mgmt.

gement svcs.

CTRCA Centrac Engineering 2.73 5.00 4 3/4 K. A. Knapp

Associates consulting firm

SCH a Charles Schwab Discount 115.50 g 16.50 16 1/2 Morgan

brokerage svcs. Stanley

PLUGU ComponentGuard Provides 2.10 h 6.00 6 1/4 Wakefield

extended

prod. Financial

warranties

DTPHZ Dataphaz Operates retail 9.69 7.75 8 Sutro

computer stores

LEO a Dreyfus Closed-end mgmt. 450.00 10.00 9 7/8 Dillon Read

Strategic investment co.

Municipal

ETCO Earth Engineering 9.90 9.00 9 Drexel Burnham

Technology consultants

Corp. USA

MCON EMCON Provides 20.70 18.00 19 1/2 Kidder Peabody

environ.

Associates svcs.

ETRC Entree Distr. food 5.25 3.50 3 3/8 Sherwood

prods.

Securities

FIF a Financial News Closed-end mgmt. 73.94 22.75 21 7/8 Paine Webber

Composite investment co.

Fund

FFS b First Federal Bank holding co. 11.24 6.25 6 Salomon Bros.

Bancorp

FSCC First Federal Savings bank 5.76 8.00 9 Williams

S&L Securities

of Charlotte

County

FLEX Flextronics Mfrs. electrical 20.00 10.00 10 1/4 Goldman Sachs

equip.

GALX Galaxy Cheese Mfrs. cheese 5.00 5.00 5 1/2 Whale

Securities

GARN Garnet Explores & 7.50 5.00 5 3/4 Allen

dvlps.

Resources oil & gas

properties

GPRO Gen-Probe Mfrs. medical 17.50 7.00 7 Merrill Lynch

prods.

GFIVU Generation 5 Mkts. computer- 2.01 i 5.75 5 1/2 Cohig

Technology aided design

systs.

GLTX Goldtex Mfrs. fabrics 9.40 10.00 9 1/2 Prescott Ball

HMSS H.M.S.S. Provides home 34.00 17.00 17 1/4 Kidder

infusion Peabody

therapy

HRLD Harold's Owns & operates 6.66 8.00 8 1/8 Rauscher

Stores apparel stores Pierce

IBP a IBP Packs & 323.00 j 19.00 19 Donaldson

processes meat Lufkin

IMKTA Ingles Markets Operates chain 39.00 13.00 13 Drexel Burnham

of

supermarkets

IBSCU Int'l Bankcard Provides credit- 2.50 k 5.00 5 1/2 Datek

Services card svcs. Securities

ISTUF Istec- Produces 4.50 l 5.00 5 Datek

Technology miscellaneous Securities

prods. through

subsidiaries

JMPC J.M. Peters Builds houses 10.50 6.00 6 Drexel Burnham

LONGU Longwood Group Constr. 2.20 m 1,000.00 1,050 Huberman

consulting & Margaretten

mgmt.

MTZMU Martinez & Provides design 4.38 n 6.25 6 D. H. Blair

Murphey svcs. to

churches

MEMX Memory Designs & mkts. 2.50 5.00 4 3/4 Rosenkrantz

Sciences semiconductor Lyon

prods.

NRTN Norton Truckload 12.00 12.00 12 Alex. Brown

carrier

Enterprises

OPFBA Optifab Mfrs. circuit 2.88 2.50 2 1/2 Richard

systs.

Christman

PTAC Penn Treaty Sells accident & 5.40 9.00 9 Butcher &

American health Singer

insurance

PIED Piedmont Mines & 4.81 2.75 2 3/4 Interstate

Mining produces gold Securities

RNBO Rainbow Mfrs. computer 3.50 5.00 5 First

Technologies security prods. Affiliated

SDRC Structural Provides 30.00 o 12.50 12 5/8 Morgan Stanley

Dynamics engineering

Research software

& svcs.

SUGR Summagraphics Mfrs. computer- 11.88 9.50 9 1/2 Shearson

graphics Lehman

components

SUNRU Sunrise Operates 3.00 3.00 3 Fitzgerald

Preschools preschools DeArman

UTH a Union Texas Explores oil & 210.00 p 14.00 14 1/4 First Boston

gas

Petroleum properties

USOA United Produces home- 2.63 5.25 5 1/8 Grady & Hatch

Shoppers of shopping

America videocassettes

VLCM ValCom Franchises & 11.69 11.00 10 1/4 Drexel Burnham

operates

computer stores

VTELU Vitel Fiber Mfrs. fiber- 3.20 q 8.00 8 M. H. Meyerson

optics

Optics prods.

WALS Walshire Sells insurance 6.75 9.00 8 3/4 Advest

Assurance

WINNU Wedding Publ. directory 4.20 n 6.00 6 1/2 D. H. Blair

of

Information wedding

services

Network

WHTI Wheelabrator Operates power 91.20 19.00 22 Merrill Lynch

Technologies plants

WRS b Winston Provides 6.50 6.50 6 1/2 Ladenburg

Resources personnel- Thalmann

placement

svcs.

a trading on NYSE;

b trading on AMEX;

c no symbol;

d additional 3.5 million shares offered overseas;

e additional 1.4 million shares offered overseas;

f additional 800,000 shares offered overseas;

g additional 1 million shares offered overseas;

h units of 20 common + 5 warrants;

i units of 2 common + 1 warrant;

j additional 4.5 million shares offered overseas;

k units of 5 common + 5 warrants;

l units of 2 common + 2 warrants;

m units of 1,000 common + 5 warrants;

n units of 3 common + 3 warrants;

o additional 600,000 shares offered overseas;

p additional 3 million shares offered overseas;

q units of 4 common + 4 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.