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IPO Outlook: 
Data Domain and ComScore Lead in a Busy IPO Week
Author: Yordanka Bahchevanska
123jump.com
Last Update: 2:43 PM EDT July 04 2007


Eight new IPOs were launched during the past week. Most of them surged at start and closed above their offering price in their first day of trading. A hundred and twenty three IPOs have been priced so far in 2007 and 63% of them are trading above their offering price. There are no deals scheduled to be priced the following week.

 
A hundred and twenty three initial public offerings have been priced so far this year as of June 29th, 2007:

- 77 IPOs are currently trading above initial offering price;
- 44 are trading below the offering price;
- and 2 are trading at their offer price.

Eight IPOs were priced during the week of June 25th, 2007. There are no deals on deck for the next week.

IPO PERFORMANCE

ADVANCERS:

Shares of the disaster recovery and backup hardware company Data Domain Inc. (DDUP: chart) gained more than 40% in their first day of trading Wednesday, after its initial public offering priced high above expectations.

The 7.4-million-share offering was priced at $15 per share, compared to the $11.50 to $13.50 per share.

Goldman, Sachs and Morgan Stanley were the lead underwriters for the offering.

The company gave the underwriters an option to buy up to 1.1 million additional shares.

The shares ended the week at $23, up 53% from the offering price.

Shares of ComScore Inc. (SCOR: chart) surged 40% Wednesday after the company''s initial public offering priced at $16.50, above the expectations about $14 to $16 per share.

The company sold 5.3 million shares in the IPO, more than the originally planned 5 million shares. The additional 300,000 shares were offered by certain stockholders.

The company raised about $82.5 million from the IPO.

Credit Suisse Securities was the lead underwriter for the offering, supported by Deutsche Bank, William Blair, Friedman Billings, and Jefferies.

The stockholders granted the underwriters an option to buy up to 750,000 additional shares to cover over-allotments.

The Reston, Virginia-based company measures Internet usage by collecting data from more than 2 million users worldwide.

The shares ended the week at $23.15, up 45% from the offering price.

Shares of PROS Holdings Inc. (PRO: chart) soared 20% in their first day of trading Thursday.

The company priced its initial public offering of 6.8 million shares at $11 per share, the midpoint of the anticipated range of $10 to $15 a share.

The selling stockholders offered 1.7 million shares in the IPO. In addition, they granted the underwriters an option to buy up to 1 million additional shares to cover over-allotments.

The company raised about $75.1million from the IPO.
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