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IPO Outlook: 
Fastclick, Inc. priced 6.5 million shares at low end of range
Author: Albena Toncheva
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A total of three companies priced their IPOs in the week of March 28, 2005.

 
Fastclick, Inc. (FSTC: chart), a Santa Barbara, California-based provider of web advertising, priced its IPO of 6.5 million shares at $12, the low end of the anticipated $12-$14 price range raising about $78 million.

Credit Suisse First Boston and Citigroup acted as joint book-running managers, with Thomas Weisel Partners LLC and Jefferies Broadview acting as co-managers.

The Fastclick IPO closed its opening day at $12, flat with its initial offering price.

New Rome Bancorp, Inc. (ROMED: chart), which is to be the holding company for The Rome Savings Bank, sold a total of 5,900,000 shares at a purchase price of $10.00 per share.

This was offering was managed by Ryan Beck & Co.

The New Rome Bancorp IPO closed its opening day at $10.05, almost flat with its initial offering price.

Prudential Bancorp, Inc. of Pennsylvania (PBIP: chart) priced 5.7 million shares at $10 a share, raising $5.6 million in its initial public offering. The company is a Pennsylvania-based corporation which will be the mid-tier holding company for Prudential Savings Bank. Prudential Bancorp currently is not an operating company and has not engaged in any business to date.

Prudential Bancorp closed at $9.85 on Friday.

IPOs ON DECK:

The Chicago-based rail car manufacturer FreightCar America, Inc. (RAIL: chart) is expected to price 6 million shares of its common stock for $16 - $18 a share in an IPO the week of April 4 – 8, 2005.

The deal’s underwriters will be led by UBS Investment Bank.

IPO Filings so far in 2005: 40

IPO Filings March 2005: 21

IPO Pricings so far in 2005: 42

IPO Pricings March 2005: 8
  1 More: IPO Outlook Archive

 


 

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