158 initial public offerings have been priced so far this year as of Oct. 20, 2006:

- 86 IPOs are currently trading above initial offering price;
- 65 are trading below the offering price;
- and 7 are trading at their offer price.

Eight IPOs were priced during the week of October 16th, 2006. There are eight deals on deck for the next week hoping to raise nearly $2.5 billion.

IPO PERFORMANCE

ADVANCERS:

Business service provider ExlService Holdings Inc. (EXLS: chart) on Thursday raised $67.5 million with an initial public offering of 5 million shares that priced at $13.50 a share, above the forecast range of $10 to $12. The offering represents about an 18% stake in the company.

Citigroup and Goldman Sachs were the lead underwriters.

The stock opened up 18% at $15.95 on its first day of trading and surged more than 39% from the IPO price.

The New York-based company provides offshore business process outsourcing services, primarily in India, for the banking, financial services and insurance sectors.

ExlService''s performance follows the successful offering of its rival WNS Holdings Ltd. (WNS: chart) that surged 23% at start in July.

ExlService stock closed at $18.84 a share on the Nasdaq, up 40% from its IPO price.

Ivivi Technologies, Inc. (II: chart) on Thursday priced its initial public offering of 2.5 million shares at $6 per share, at the lower end of the forecast range of $6 to $8 a share. The deal was worth $12.5 million.

The underwriters have been granted a 45-day option to buy up to 375,000 additional shares of common stock from the company to cover excess demand.

Maxim Group was acting as a lead underwriter with Brean Murray, Carret & Co. acting as co-manager of the offering.

The Northvale, New Jersey – based Ivivi Technologies is an early-stage medical technology company focusing on designing, developing and commercializing proprietary electrotherapeutic technologies. The company is a former unit of ADM Tronics Unlimited.

The company’s shares ended the week at $6.10 per share, up 1.7% from the IPO price.

Texas convenience store operator Susser Holdings Corp. (SUSS: chart) on Wednesday raised $107 million with an initial public offering of 6.5 million shares priced at $16.50 per share, within the forecast range of $16 to $18. The offering represents about a 42% stake in the company.

Susser originally had planned to sell 6 million shares of its common stock.
All of the shares were offered by the company.

Susser has granted the underwriters an option to buy up to 975,000 additional shares to cover excess demand.