INITIAL PUBLIC OFFERINGS: JANUARY 1988

Offering First

O-T-C Business/ Size Price aftermarket

sym. Company product ($ mil.) bid Underwriter

GSF a ACM Closed-end 672.00 12.00 11 5/8 Paine Webber

Government mgmt.

Securities investment co.

Fund

COFI Charter One Bank 34.36 8.00 8 Merrill Lynch

holding co.

Financial

HOMF Home Federal Savings bank 3.68 7.50 7 1/2 Blunt Ellis

Savings

Bank

HBII Houston Dvlps. & mkts. 2.20 5.00 4 7/8 Paulson

Investments

Biomedical biomedical

prods.

IFL a IMC Fertil-

izer Mfrs. nitrogen 176.00 b 22.00 22 1/2 Merrill Lynch

Group fertilizers

JEANU Jean Phillipe Distr. 2.50 c 4.00 4 M. H.

fragrances Meyerson

fragrances

NYBC New York Bank 15.05 6.00 6 Shearson

Bancorp holding co. Lehman

PNTLU Phonetel Sells retail 2.10 d 5.25 5 1/2 J. T. Moran

Technologies telephones

WHELU Roadmaster Mfrs. & distr. 7.50 e 5.00 5 1/2 Blinder

Robinson

Industries bicycles

SILK Silk, Mfrs. 4.00 4.00 4 5/8 Thomas James

Silk, Silk artificial

Internati-

onal flowers

a trading on NYSE;

b an additional 2 million shares were offered overseas;

c units of 4 common + 1 warrant;

d units of 3 common + 2 warrants;

e units of 5 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.