201 initial public offerings have been priced so far this year and as of this Friday, Dec 9, 2005:

- 122 IPOs are currently trading above initial offering price;
- 73 are trading below the offering price;
- and 6 are trading at their offer price.

A total of 5 IPOs were priced and 1 company filed to go public during the week of December 5th, 2005. There are 16 deals scheduled to be priced during the coming week, hoping to raise about $3 billion.

IPO PERFORMANCE

Cynosure Inc. (CYNO: chart) priced 5 million shares at $15 per share on Friday, slightly above the filing range of $12 - $14 per share. The deal was worth $75 million.

The company sold 4 million shares and its largest stockholder, Italian laser maker El.En SpA, offering the rest.

In addition, Cynosure has granted to the underwriters a 30-day option to purchase up to 750,000 additional shares to cover over-allotment.

Citigroup was the lead manager. The underwriter for the offering was Citigroup. UBS Securities, Jefferies and Needham & Company were acting as co-managers.

The Westford, Massachusetts-based company develops and markets aesthetic treatment systems to remove hair, treat vascular lesions, and rejuvenate skin.

The company reported net income of $1.6 million and revenue of $40 million in the nine months ending September 30, compared with net income of $4.5 million and revenue of $29.4 million a year ago.

The stock ended the week at $18.93, up 26.2% from the offering price.

The oilfield services company Basic Energy Services Inc. (BAS: chart) priced 12.5 million shares at $20 per share on Friday. The price was at the high end of the $18 - $20 filing range. The deal was worth $250 million.

The company sold 5 million shares, while the remaining 7.5 million shares were offered by selling stockholders.

The underwriters of the offering were Goldman Sachs and CS First Boston, assisted by Lehman Brothers, UBS Securities, Deutsche Bank Securities, Raymond James and RBC Capital Markets, who were acting as co-managers.

In addition, the selling stockholders have granted the underwriters a 30-day option to buy up to 1.9 million additional shares, to cover excess demand.

The Midland, Texas-based company has a fleet of more than 300 well servicing rigs and provides a range of well site services to oil and gas drilling and producing companies throughout the major oil and gas regions in Texas, Louisiana, Oklahoma, New Mexico, Louisiana and the Rocky Mountain States.

Basic Energy reported net income of $29 million and revenue of $324 million in the first nine months of 2005, up from net income of $9.7 million, or $226 million a year ago.

The stock ended the week at $21.50, up 7% from the offering price.

Patni Computer Systems Limited (PTI: chart) priced 6.9 million American depositary shares on Thursday $20.34 per share. The offering comprises of 5.1 million primary shares and 1.8 million secondary shares. Each American depositary share represents two equity shares.

In addition, the underwriters have been granted an option to purchase up to one million additional primary shares.

The underwriters were Goldman Sachs, Merrill Lynch, ABN AMRO Rothschild, Jefferies and Macquarie Bank.