196 initial public offerings have been priced so far this year and as of this Friday, Dec 2, 2005:

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

A total of 2 IPOs were priced and 5 companies filed to go public during the week of November 28th, 2005. There are 8 deals scheduled to be priced during the coming week, hoping to raise about $800 million.

IPO PERFORMANCE

One of China''s leading fabless semiconductor companies Actions Semiconductor (ACTS: chart) priced 9 million American depositary shares at $8 per share on Wednesday. The pricing was at the low end of the revised $8 - $9 range. The company's offering was worth $72 million.

Actions offered 6 million units, and the remaining 3 million shares were offered by selling shareholders. In addition, the selling shareholders have granted the underwriters a 30-day option to buy up to 1.35 million additional shares to cover excess demand.

The company had originally filed for 13 million shares within a price range of $9.50 - $11.50 a share, but cut the size of the IPO in early November to 9 million shares and the price range to $8 - $9 per unit. The company had tried to price the IPO a week ago, but was unable to do so because of unfavorable market conditions.

CS First Boston acted as lead manager on the deal, while CIBC World Markets and WR Hambrecht were co-managers.

Actions Semiconductor is a fabless semiconductor company located in Zhuhai, China, providing system-on-a-chip products and total solutions for the design, development and manufacture of personal media or MP3 players.

Chinese semiconductor designers have met with mixed reception on the Nasdaq lately. Vimicro International (VIMC: chart) priced its shares at $10 in November, and was trading at $8.60 on Nasdaq on Friday, down 15% from the offer price. At the opposite side are the shares of the Israeli-based company Saifun Semiconductors (SFUN: chart). They have gained 30% from their debut in November at $23.5, and were last traded at $30.6 on Nasdaq.

The stock closed flat the first day at $8, and ended the week at $8.20, up 2% from the offering price.

The natural gas provider DCP Midstream Partners (DPM: chart) priced 9 million units of limited partnership at $21.5 per unit on Thursday. The pricing was slightly above the estimated range of $19 - $21 per unit. The offering was worth $194 million.

Due to investors’ strong interest, ahead of its debut, the company increased the size of the offering by a million shares.

DCP has granted the underwriters a 30-day option to purchase up to 1.35 million additional common units.

Lehman Brothers and Citigroup were the lead underwriters on the deal.

The Denver-based company operates pipelines and processing plants used in the production and transport of natural gas and is owned by Duke Energy Field Services LLC, which is controlled by Duke Energy Corp (DUK: chart) and ConocoPhillips (COP: chart). Duke Energy Field Services will retain a substantial stake in DCP's shares after the IPO.

After the IPO, public investors will hold a 50.4% stake in DCP Midstream.

The units closed at $23.05 the first day, Friday, 9% above the offering price.

IPO CALENDAR – week of December 5th

Software provider Vocus Inc. (VOCS: chart) plans to offer 5 million shares within a price range of $9-$11 per share, in a bid to raise $50 million. Thomas Weisel will be the lead manager on the deal.

Refined marine fuel supplier Aegean Marine Petroleum Network (ANW: chart) plans to offer 10 million shares within a price range of $14-$16 per share, in a bid to raise $150 million. Bear Stearns will be the lead underwriter on the deal.

Well site services provider Basic Energy Services (BAS: chart) intends to offer 12.5 million shares within a price range of $18-$20 a share, in a bid to raise $237.5 million. Insiders will offer 7.5 million of the shares. Goldman Sachs and CS First Boston will be the managers on the deal.