To: ACAN who wrote (15673 ) 2/25/2006 12:02:09 PM From: Galirayo Respond to of 23958 [RAIL] Again .. IPO Market Heats Up By Scott DeCarlo, Shlomo Reifman and Andy Stone 02.27.06, 12:00 PM ETforbes.com Some of the old fervor is back in the market for newly public companies. January saw 11 offerings, according to Renaissance Capital in Greenwich, Conn., and they raised $1.8 billion. Compare January 2000, near the peak of the bubble, with $3.1 billion hauled in on 17 issues. Thomson Financial reports that three of this year’s new issues, or 27%, were priced above the range first listed in their offering prospectuses; 31% exceeded their initial targets in all of 2000. Another sign that the new-issues market is heating up: January 2006 offerings had an average first-day gain of 16% versus the 7% average since 2001. Richard Peterson, an analyst at Thomson, forecasts that 300 companies will go public this year. Mo [snip] Company/Business Offer Date Offer Value ($mil) Actual Rel To S&P 500¹ Lead underwriter Citi Trends/urban apparel stores 5/18/05 $54 193% 271 CIBC World Markets FreightCar America/railroad equipment 4/6/05 162 173 253 UBS Rackable Systems/computer hardware 6/10/05 75 146 231 Thomas Weisel Partners VeriFone Holdings/electronic payment services 4/29/05 154 137 215 JPMorgan Chase American Commercial Lines/marine transport svcs 10/7/05 173 101 188 Merrill Lynch . . . . . . Refco/brokerage services 8/11/05 $583 –98% 2 Credit Suisse First Boston Odimo/online jewelry retailer 2/15/05 28 –84 16 CIBC World Markets Avalon Pharmaceuticals/biotech 9/29/05 29 –59 39 WR Hambrecht CryoCor/cardiac treatment systems 7/14/05 41 –53 45 WR Hambrecht Fusion Telecom International/Internet services 2/15/05 23 –44 53 Kirlin Securities