Jun 1, 1997

The Secret World of IPOs

 

Sources for charts: Securities Data Co., Moody's Investors Service, and Inc.
*Companies with $10 million or less in revenues at time of 1996 IPO
1Before 3-for-1 split

TOP 10 AFTERMARKET PERFORMERS FROM IPO TO 12/31/96*
Offer
date
Company Business description Symbol Revenues (in millions) Offer price per share Year- end price per share % increase
06/03/
96
Paravant Computer Systems Mfrs. computers & interfaces PVAT $8.5 $5.00 $15.75 1 215.0%
04/23/
96
InVision Technologies Mfrs. computer tomography systs. INVN 9.7 11.00 33.00 200.0
08/06/
96
TriTeal Provides systs.-design svcs. TEAL 9.7 8.00 21.25 165.6
10/31/
96
Triangle Pharmaceuticals Mfrs. pharmaceuticals VIRS 0.0 10.00 22.88 128.8
01/25/
96
Neopharm Provides physical- research svcs. NEO 0.0 7.00 16.00 128.6
12/05/
96
WebSecure Provides data-processing svcs. WEBS 0.1 8.00 18.00 125.0
05/10/
96
American Wagering Owns & operates gambling machines BETM 9.3 6.00 12.75 112.5
08/08/
96
Visigenic
Software
Develops prepackaged software VSGN 7.6 7.50 15.25 103.3
11/12/
96
Bristol Technology Systems Sells office equip. BTEC 7.2 6.00 11.63 93.8
10/10/
96
Intensiva Healthcare Owns & operates HMOs IHCC 7.4 6.00 11.25 87.5
The Pros

The top-ranking firms that
helped companies with revenues
of $10 million or less go public in 1996

Top 5 Accountants
  1. Ernst & Young LLP
  2. Arthur Andersen LLP
  3. KPMG Peat Marwick LLP
  4. Coopers & Lybrand LLP
  5. Price Waterhouse

Top 5 Underwriters

  1. Robertson, Stevens & Co.
  2. Alex. Brown & Sons Inc.
  3. Hambrecht & Quist LLC
  4. Montgomery Securities
  5. Cowen & Co.

Top 5 Lawyers

  1. Wilson Sonsini Goodrich & Rosati
  2. Cooley Godward LLP
  3. Venture Law Group
  4. Brobeck, Phleger & Harrison LLP
  5. Hale and Dorr LLP


*Companies with $10 million or less in revenues at time of 1996 IPO
1Before 3-for-1 split

Top 5 Aftermarket Performers with $5 Offering Price*
Offer
date
Company Business description Symbol Revenues (in millions) Offer price per share Year- end price per share % increase
06/03/
96
Paravant Computer Systems Mfrs. computers & interfaces PVAT $8.5 $5.00 1 $15.75 215.0%
03/19/
96
Semiconductor Laser International Mfrs. semiconductors SLIC 0.0 5.00 7.50 50.0
12/17/
96
Intellicell Sells wireless- communication prods. FONE 3.8 5.00 7.38 47.5
09/10/
96
Hollywood Productions Provides theatrical motion pictures FILM 3.4 5.00 7.25 45.0
10/24/
96
V-ONE Sells computers & software VONE 3.1 5.00 7.25 45.0
Top 10 Aftermarket Performers with $0 in Revenues at Time of IPO
Offer
date
Company Business description Symbol Offer price per share Year- end price per share % increase
10/31/
96
Triangle Pharmaceuticals Mfrs. pharmaceuticals VIRS $10.00 $22.88 128.8%
01/25/
96
Neopharm Provides physical- research svcs. NEO 7.00 16.00 128.6
02/22/
96
Ultrafem Mfrs. women's health prods. UFEM 10.00 17.50 75.0
03/19/
96
Semiconductor Laser Intl. Mfrs. semiconductors SLIC 5.00 7.50 50.0
07/03/
96
Nuwave Technologies Mfrs. radio, TV, & broadcasting equip. WAVE 5.00 7.00 40.0
03/19/
96
Biofield Provides medical-research svcs. BZET 11.00 15.38 39.8
07/26/
96
Calypte
Biomedical
Mfrs. lab
instruments
CALY 6.00 8.25 37.5
02/15/
96
CyberCash Develops Internet software CYCH 17.00 23.00 35.3
08/12/
96
NetLive Communications Provides computer integrated svcs. NETL 5.50 7.25 31.8
04/25/
96
Heartport Develops systs. for surgery HPRT 21.00 22.88 8.9

Robert A. Mamis is a senior writer at Inc. The charts were prepared under the direction of editorial information manager Beth Gunn. Reporter Mike Hofman provided additional research assistance.

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