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Gold/Mining/Energy : Drill-Quip [ DRQ ] - oil drilling equipment ipo -- Ignore unavailable to you. Want to Upgrade?

To: soozathelooza who wrote (7)	10/21/1997 11:40:00 PM
From: Jimmy Dell	Read Replies (1) \| Respond to of 121

I saw a Reuters article from 10/21 listing a large number of upcoming IPOs, and DRQ is listed as for tomorrow - 10/22. Go to ipocentral.com search on Dril-quip, and read the articles there. Maybe the info in this article is wrong, but be on the lookout for this IPO possibly tomorrow. I also found the interesting article below: By Ruth Morris NEW YORK, Oct 20 (Reuters) - The new issues market isn't likely to take any direct hits from last week's sell-off in technology stocks, especially given today's recovery in the Nasdaq composite index, industry experts said. The Nasdaq composite, dominated by technology issues, shed nearly 33 points on Friday, or 1.93 percent. This afternoon, however, it rose 0.69 percent to 1,678.31. The IPO market is also laden with technology stocks. Of the batch of companies on deck to convert to public entities this week, some analysts favored Group One Automotive and Dril-Quip Inc to rack up premiums. "I think Dril-Quip is the star of the week," said Manish Shah, editor and publisher of Ipomaven.com. Shah predicted the company's stock would be carried to a $28 high in the next 12 months, up significantly from the $18 to $20 price range estimated by underwriters Morgan Stanley Dean Witter Discover & Co for the IPO. Dril-Quip makes offshore drilling and production equipment and is poised to take advantage of a rise in the number of operational rigs, thanks to a drop in costs associated with exploration, Shah said.