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IPO Outlook: 
Chinese Medical Company Gains 31% at Start
Author: Yordanka Bahchevanska
123jump.com
Last Update: 5:49 PM EDT October 02 2006


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As the initial public offering market begins to pick up strenght, energy companies are suddenly getting a cold welcome from investors. Shares of oil company EV Energy Partnes was the only one to end lower from its IPO price among all the new deals for this week in the market.

 
The underwriters have the option to buy 870,000 additional shares to cover over-allotments from selling stockholders within the next 30 days.

J.P. Morgan acted as a lead manager for the offering with Piper Jaffray and Jefferies acting as co-managers.

The shares ended the week at $15.55, up 3.7% from the offering price.

Omni Financial Services, Inc. (OFSI: chart) offered 3.35 million shares of its common stock at an initial public offering price of $9.50 per share.

The company has granted the underwriters an option exercisable within 30 days to purchase up to 502,500 additional shares of common stock to cover over-allotments.

Omni Financial Services, Inc. is a bank holding company headquartered in Atlanta, Georgia. Its operations are conducted principally through its wholly owned subsidiary, Omni National Bank.

Sandler O'Neill was the lead manager for this offering and Keefe, Bruyette & Woods was a co-manager.

The shares ended the week at $10.59, up 11.5% from the offering price.

Shares of consulting company ICF International Inc. (ICFI: chart) rose more than 11% on their first day of trading Thursday after pricing below the forecast range.

The company priced its initial public offering of 4.7 million shares, a 36% stake in the company, at $12 per share on Wednesday, below the forecast range of $14 to $16. The deal was worth $56 million.

Of all the shares offered 3.7 million shares were sold by ICF International and 1.0 million shares were sold by certain stockholders.

The underwriters have a 30-day option to purchase up to 700,500 additional shares from ICF International to cover over-allotments.

UBS Securities is acting as a lead manager for the offering, with Stifel, Nicolaus & Company acting as joint lead manager for the offering.

William Blair and Jefferies were acting as co-managers.

ICF International partners with government and commercial clients to deliver consulting services and technology solutions in the energy, environment, transportation, social programs, defense, and homeland security markets.

The shares ended the week at $12.65, up 5.4% from the offering price.

CBRE Realty Finance, Inc. (CBF: chart) priced its initial public offering of 9.6 million shares of its common stock at a price of $14.50 per share.

Of these shares, 8.5 million were sold by the company and 1.1 million were sold by selling stockholders.

CBRE Realty Finance has granted the underwriters a 30-day option to purchase 1.4 million additional shares to cover over-allotments.

Credit Suisse Securities, Deutsche Bank, Citigroup and Wachovia Capital Markets were lead managers of the offering and J.M.P. Securities was acting as co-manager.

CBRE Realty Finance, Inc. is a commercial real estate specialty finance company primarily focused on originating, acquiring, investing in, financing and managing a diversified portfolio of commercial real estate-related loans and securities.

The shares ended the week at $15.25, up 5.2% from the offering price.
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