SMALL COMPANY INITIAL PUBLIC OFFERINGS: FEBRUARY 1986

Offering First

Size Price after-

O-T-C market

sym. Company Business/product ($ mil.) bid Underwriter

AJIL Aca Joe Retail clothing 4.50 4.50 4 5/8 Rooney Pace

Intercon stores

AEPI AEP Mfrs. film 12.10 11.00 11 1/2 Moseley

Industries products Hallgarten

AIFS AIFS Manages/operates 10.80 9.00 10 1/2 Hambrecht

travel programs & Quist

ABSB Alex. Brown Investment bank 51.07 23.00 30 Alex. Brown

holding company

c ANADAC Provides eng., 0.55 5.50 5 1/2 Wachtel

mgmt.,

& tech. services

AATI Analysis & Provides 5.79 10.00 10 1/8 Alex. Brown

Technology engineering

services

BKP b Burger King Acquires Burger 81.40 20.00 20 Merrill Lynch

Inv MLP King properties

CCCOA Century Owns/operates 48.13 12.50 12 1/2 Shearson

Communications cable TV systems Lehman

CPUIU Commercial Operates 4.50 d 15.00 14 3/4 D. H. Blair

Programming business school

DIGT Digitext Devels./mkts. 5.10 4.25 5 Whale

digital Securities

keyboard prods.

GGUY Good Guys Retail consumer 17.50 14.00 15 1/4 Montgomery

electronics Securities

HCSB Home & Savings bank 24.55 17.25 20 Merrill Lynch

City Savings

HFI a Hudson Foods Produces/sells 23.00 11.50 11 5/8 Donaldson

poultry products Lufkin

HYGA Hygela Mfrs. diagnostic 9.00 9.00 10 Sutro

Sciences health-care

prods.

ITA b The Italy Closed-end 66.00 12.00 12 Shearson

Fund investment co. Lehman

JJSF J&J Snack Makes/sells 8.85 14.75 15 1/2 Advest

Foods frozen

snack foods

MIKR Mikron Temp. 2.50 5.00 5 D. H. Blair

Instrument measurement

instruments

OLVR Oliver's Operates 9.30 6.00 6 1/2 Ladenburg,

Stores off-price Thalmann

clothing stores

PWM a PaineWebber Real estate 52.50 10.00 10 1/8 PaineWebber

Residential investment trust

Realty

PLXS Plexus Mfrs./tests 6.97 8.25 9 Milwaukee

electronic Co.

products

POCI Ports of Call Operates members 13.98 6.50 7 Dain Bosworth

travel agency

SJG a St. Joe Gold Operates gold/ 39.00 13.00 13 Smith Barney

silver mines

TCSTU Telecast Owns/operates 5.00 e 5.00 5 1/8 A. T. Brod

cable

TV systems

TNII Telecom- Radio paging & 9.35 11.00 11 Drexel

munications phone Burnham

Network answering svcs.

FOAM Texstyrene Mfrs. plastic 9.00 10.00 11 3/8 Drexel

products Burnham

TTOY Tyco Toys Mfrs. toys 15.40 5.50 5 3/4 Advest

XIOX Xiox Mfrs./mkts. 3.00 5.00 4 3/4 D. H. Blair

telephone

mgmt. software

a trading on AMEX;

b trading on NYSE;

c no symbol;

d units of 1 common + 1/2 warrant;

e units of 1 common + 1 warrant;

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.