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IPO Outlook: 
Employers Holdings Rises Almost 18% At Start
Author: Yordanka Bahchevanska
123jump.com
Last Update: 4:24 PM EST February 06 2007


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Ten companies priced shares last week, and all of them closed above the offering price on Friday. Duncan Energy, Employers Holdings, HFF Inc. and Animal Health were the best performers among the newly-traded companies.

 
Medical device maker Accuray (ARAY: chart) plans to offer 13.3 million shares within a price range of $14-$16 a share, in a bid to raise $245 million. J.P. Morgan and UBS will manage the deal.

Israeli cell phone service provider Cellcom Israel (CEL: chart) plans to offer nearly 19 million shares within a price range of $16-$18 per share, in a bid to raise $400 million. Goldman Sachs, Citigroup and Deutsche Bank will underwrite the deal.

The New York-based global asset manager Fortress Investment Group (FIG: chart) plans to offer 34.3 million shares within a price range of $16.50-$18.50 a share, in a bid to raise $730 billion. Goldman Sachs, Banc of America, Citigroup, Deutsche Bank and Lehman Brothers will manage the deal.

Chinese solar cell manufacturer JA Solar Holdings (JASO: chart) plans to offer 15 million American depositary shares within a price range of $12.50-$14.50 a share, in a bid to raise $250 million. CIBC World Markets and Piper Jaffray will underwrite the deal.

The Israeli fabless semiconductor company Mellanox Technologies (MLNX: chart) plans to offer 6 million shares within a price range of $12-$14 per share, in a bid to raise $110.4 million. Credit Suisse and J.P. Morgan will be the managers on the deal.

In-theater network operator National CineMedia (NCMI: chart) plans to offer 38 million shares within a price range of $18-$20 a share, in a bid to raise $840 million. Credit Suisse will be the lead underwriter on the deal.

The San Diego-based biotech Optimer Pharmaceuticals (OPTR: chart) plans to offer 5.25 million shares within a price range of $12-$14 a share, in a bid to raise $85 million. Piper Jaffray and Jefferies will manage the deal.

Interconnection services provider Switch & Data (SDXC: chart) plans to offer 11.7 million shares within a price range of $14-$16 a share, in a bid to raise $215 million. Deutsche Bank and Jefferies will manage the deal.

Biotech Synta Pharmaceuticals (SNTA: chart) plans to offer 6 million shares within a price range of $14-$16 per share, in a bid to raise $60 million. Bear Stearns and Lehman Brothers will underwrite the deal.

The Houston-based midstream gas services provider Targa Resources Partners (NGLS: chart) plans to offer 16.8 million units within a price range of $19-$21 per unit, in a bid to raise $406 million. Citigroup, Goldman Sachs, UBS and Merrill Lynch will manage the deal.

Car parts reseller U.S. Auto Parts Network (PRTS: chart) plans to offer 10 million shares within a price range of $10-$12 a share, in a bid to raise $138 million. RBC Capital and Thomas Weisel will underwrite the deal.

Radio frequency identification systems maker VeriChip Corporation (CHIP: chart) plans to offer 4.3 million shares within a price range of $6.50-$7.50 a share, in a bid to raise $42 million. Merriman Curhan Ford will manage the deal.
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