113 initial public offerings have been priced so far this year as of July 21, 2006:

- 44 IPOs are currently trading above initial offering price;
- 63 are trading below the offering price;
- and 6 are trading at their offer price.

Four IPOs were priced during the week of July 24th, 2006. There are eight deals on deck for the next week hoping to raise nearly $1.2 billion.

IPO PERFORMANCE

Cleveland BioLabs, Inc. (CBLI: chart) priced its initial public offering of 1.7 million shares at $6.00 per share.

The underwriters have a 45-day option to purchase up to 255,000 additional shares at the initial public offering price.

Sunrise Securities was the lead manager for the offering and Sunrise Securities and Roth Capital Partners were the co-managing underwriters.

Cleveland BioLabs is a drug discovery and development company with the goal to identify and develop new types of drugs for the protection of normal tissues from exposure to radiation and other stresses, such as toxic chemicals and for cancer treatment.

The company’s shares closed at $5.40 on Friday, down 10% from the initial offering price.

Millennium India Acquisition Company Inc. ((MQC.U)) priced 7.3 million units at $8.00 per unit, raising $58 million. One unit equals one share of common stock and one warrant.

The lead underwriter was Ladenburg Thalmann.

The New York–based Millennium India Acquisition is a newly organized company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition or other similar transaction with one or more businesses that have operations primarily in India.

The company’s shares closed at $7.59 on Friday, down 6% from the initial offering price.

Atlas Pipeline Holdings, L.P. (AHD: chart) priced 3.6 million of its common units at $23 per unit.

This offering represents an approximate 17% interest to the public in Atlas Holdings. Subsequent to the offering, the remaining approximate 83% interest will be owned by Atlas America, Inc. (ATLS: chart).

The underwriters will be granted a 30-day option to purchase up to 540,000 additional units.

Lehman Brothers was acting as a lead manager and Citigroup Global Markets, A. G. Edwards and Wachovia Capital Markets were joint-lead managers for the offering.

Atlas Pipeline Holdings, L.P. is a limited partnership formed to own and control Atlas Pipeline Partners GP, LLC, the general partner of Atlas Pipeline Partners, L.P., through which it will own a 2% general partner interest in Atlas Pipeline Partners, L.P., all the incentive distribution rights in Atlas Pipeline Partners, L.P. and 1,641,026 common units of Atlas Pipeline Partners, L.P.

The company’s shares closed at $23 on Friday, unchanged from the initial offering price.

IPO CALENDAR – week of July 24th

Medical staffing provider CHG Healthcare Services (CHGH: chart) plans to offer 4.9 million shares within a price range of $15-$17, including 2.4 million shares insider shares, in a bid to raise $96.3 million. Citigroup and Lehman Brothers will be the lead managers for the deal.

Offshore business process outsourcing provider WNS Holdings (WNS: chart) plans to offer 10.4 millions shares within a price range of $18-$20 per share, in a bid to raise $239.8 million. Morgan Stanley, Deutsche Bank and Merrill Lynch will be the lead underwriters on the deal.

Gas storage equipment manufacturer Chart Industries Inc. (GTLS: chart) plans to offer 12.5 million shares within a price range of $19 - $21 a share, in a bid to raise $301.9 million. Morgan Stanley, Lehman Brothers and UBS Investment Bank will underwrite the deal.

Television provider NGTV ((NGI.U)) intends to offer 6 million shares within a price range of $5.75 - $6.25 per share, in a bid to raise $26 million. Capital Growth Financial will manage the offering.

Energy company GeoMet (GMET: chart) plans to offer 6 million shares within a price range of $13-$15 per share, in a bid to raise $103.5 million. Banc of America will be the lead manager for the deal

REIT Crystal River Capital (CRZ: chart) plans to offer 9.1 million shares within a price range of $26-$29 per share, including 1.4 million from insiders, in a bid to raise $303.5 million. Deutsche Bank and Wachovia Securities will manage the deal.