SMALL COMPANY INITIAL PUBLIC OFFERINGS: AUGUST 1986

Offering First

afferm-

O-T-C Size Price arket

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

APAT APA Optics Dvlps./sells 1.52 2.25 3 Engler Budd

optical

laser components

SP b Aaron Dvlps./prods. 77.00 d 14.00 14 Drexel

Spelling Burnham

Productions movies/TV

ADELA Adelphia Opers./manages 35.63 14.25 14 1/4 Paine

Webber

Communi- cable-TV syst.

ications

ADBE Adobe Systems Dsgns./dvlps./ 5.50 11.00 11 1/2 Hambrecht

mkts. & Quist

systs. software

ALTI Altai Dsgns./dvlps./ 3.6 5.00 5 1/4 William K.

mkts. Woodruff

systs. software

ATCMA American Opers. cable-TV 268.25 18.50 18 3/4 First

syst. Boston

Television

a Anodyne Dsgns./sells 2.93 1.50 1 3/4 Thomas

Energy energy James

management systs.

APLYU Applied Dvlps./mkts. 3.50 e 6.00 6 Datek

Securities

Microbiology academic research

AXLN Axlon Dsgns./markets 10.80 9.00 9 Steinberg

& Lyman

electronic toys

TBCX Banking S&L 85.37 12.63 12 5/8 Merrill

Center, The Lynch

a Canterbury Dvlps./mkts. 1.13 2.50 2 3/8 Yves Hentic

Press skill-oriented

seminars

CISTU Cistron Dvlps. therapeutic 5.00 f 12500.00 10000.00 D. H. Blair

Biotech- & diag. prods.

nology

CSBM City SB of Savings bank 9.93 8.50 8 1/2 Merrill

Meriden Lynch

CSBA County SB Savings bank 11.25 9.00 9.00 Drexel

Burnham

DEVN Devon Group Offset printers 45.00 18.00 18.00 First

Boston

DIME Dime SB Savings bank 268.06 17.75 17 3/4 Salomon

Bros.

of New York

EGA c EQK Green Acquires shopping 92.60 10.00 10.00 Salomon

Bros.

Acres, L.P. malls

EATS Eateries Operates 1.95 3.25 3.25 Fitzgerald

restaurants DeArman

EGS b EquityGuard Closed-end mgmt. 18.50 10.00 9 3/4 Eppler

Stock Guerin

Fund investment co.

FSEB First Home Savings bank 5.59 7.75 8 1/2 Williams

Securities

Federal S&L

FRBC First Financial svcs. 8.00 10.00 10.00 L. F.

Republic Rothschild

Bancorp

FSBK First Service Savings bank 23.76 7.50 7 1/2 Alex. Brown

Bank

GAB c Gabelli Closed-end mgmt. 400.00 10.00 9 7/8 Shearson

Equity Trust Lehman

investment co.

GEOX Geonex Mapping 8.20 8.00 7 3/4 Kidder

Peabody

interpretation

svce.

GROV Grove Hall Savings bank 7.17 9.50 9 3/4 Tucker

Savings Anthony

HTP b Harris-Teeter Real estate 23.00 10.00 10.00 Smith

Barney

Properties investment trust

HRZB Horizon Bank Savings bank 5.50 11.00 13 Dain

Bosworth

ICGIU Integrated Dsgns. integrated 2.50 e 5.00 5 Marshall

Computer graphics systs.

KBH c Kaufman & Builds single- 24.00 12.00 12.00 Drexel

Broad Burnham

Home family homes

LPEP Le Peep Owns/operates 7.80 6.50 6 1/2 Dain

Bosworth

Restaurants restaurants

LES c Leslie Fay Dsgns./makes/ 90.00 18.00 17 1/8 Merrill

sells Lynch

women's apparel

MRBL Marble Savings bank 4.52 14.00 15 1/2 Kidder

Financial Peabody

MGSI Mars Graphic Specialized 4.80 8.00 8 Josephthal

printer

Svcs.

MW c Matthews & Investment bank 16.50 11.00 11 Donaldson

Wright & Lufkin

Group

MDRXU Medi-Rx Mail-order 4.48 g 8.00 8 1/4 Evans

America delivery

of medicines

NFSF NFS Financial S&L holding co. 9.12 12.00 14.00 Merrill

Lynch

NETWU Network Dsgns./sells 4.20 h 6.00 6.00 Whale

Control tele- Securities

comm. test equip.

NESB New England Savings bank 37.50 11.00 11 Merrill

Lynch

Savings

NYCS New York Sells women's 5.20 5.25 5 3/8 Muller

City Shoes footwear

OXEC Oxford Constructs power 6.50 6.50 6 1/4 Bear

Energy, The Stearns

plants

FOOD P&C Foods Owns/operates 12.60 10.50 10 1/8 Drexel

Burnham

supermarket

chains

PSVB Penn Savings Savings bank 2.31 12.00 13 3/4 Alex. Brown

Bank

PBNB Peoples SB of Savings bank 13.18 10.25 10 1/4 Merrill

Lynch

New Britain

PNCHU Pinch or Owns/opers. 3.80 h 5.00 5 1/8 Steinberg

Pound & Lyman

confectionary

stores

PICI Polymer Int'l Prods./sells spec. 7.50 10.00 9 3/4 Drexel

Burnham

plastic prods.

PDEX Pro-Dex Dept. store dental 2.50 5.00 5 1/4 Paulson

Investment

offices

QUIP Quipp Dsgns./mfrs. 4.25 10.00 10 1/2 Invemed

Assoc.

newspaper equip.

BEEP Roadrunner Irregular truck- 7.25 7.25 7 1/4 Boettcher

Enterprises route carrier

SCPTU Script Dsgns./dvlps. 2.50 e 5.00 5.00 Beuret

Systems

computer systs.

SMN b Seamen's S&L holding co. 45.00 9.00 8 1/2 Bear

Stearns

STAR Stars To Go Operates video 22.20 12.00 11 3/4 Kidder

Peabody

rental centers

THIS Thermo Mkts. instruments 12.00 8.00 7 3/4 Shearson

Instrument Lehman

Systems to detect

air poll.

TPSI Thermo Prods. thermal 4.50 6.00 6 Drexel

Process Burnham

Systems processing systs.

TNTO Tintoretto Converts film into 3.60 6.00 6 Gilford

Securities

color videotape

TLHT Total Health Establishes HMOs 6.25 5.00 5 1/4 D. H. Blair

Systems in N.Y. State

TRSL Transnational Markets jet- 8.00 8.00 8 Drexel

Burnham

Industries engine components

USRLZ U.S. Realty Real estate 30.50 25.00 24 3/4 Wheat First

Securities

Partners, partnership

L.P.

UVC b Union Valley Builds homes 4.65 7.75 7 3/8 Bear

Stearns

in N.J.

UAM c United Asset Investment mgmt. 54.00 18.00 18 First

Boston

Management holding co.

UTLLU Utilitech Provides svcs. 12.00 e 6.00 7 1/2 Rooney Pace

to elec.

utilities

WATTA Watts Dsgns./sells water 74.25 16.50 16 1/2 Shearson

Industries Lehman

& steam valves

WRPS WearEver Mfrs./mkts. 25.20 12.00 11 Drexel

Burnham

Proctor- appliances/ckware

Silex

WTBK Westerbeke Dsgns./sells 8.46 9.00 8 3/4 Carolina

Securities

marine engines

WCYS Worcester Savings & loan 83.25 12.75 12 3/4 Paine

County Webber

Institute

VLU c Worldwide Closed-end 60.00 20.00 19 7/8 Legg Mason

Value

Fund investment co.

a no symbol;

b trading on AMEX;

c trading on NYSE;

d concurrently, 3.5 million shares were offered abroad;

e units of 2 common + 1 warrant;

f units of 10,000 common + 10,000 warrants;

g units of 4 common + 1 warrant;

h units of 3 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.