A total of 37 IPOs have priced so far in 2005.

38 IPOs that have been filed this year have not yet priced.

The world's largest, fully-electronic equity options exchange, International Securities Exchange, Inc. (ISE: chart) priced its eagerly anticipated 10 million shares IPO at $18, the high end of its boosted $16-$18 price range and raised nearly $181 million on Tuesday.

The New York City-based options exchange opened for business in 2000. ISE presently ranks as the largest U.S. options exchange with a 31-percent market share.

ISE's roster of shareholders includes some of Wall Street's biggest names: Goldman Sachs, Morgan Stanley, Knight Trading, Bank of America, Lehman Brothers, CS First Boston, UBS, Merrill Lynch, Citigroup and E-Trade.

On its opening day Wednesday, shares of ISE closed at $30.40, 40.8% above the $18 offering price. Shares fell $0.69 to close at $29.71 on Thursday. Company’s shares close price on Friday again climbed back to $30.40.

The Israeli-based progressive lens-maker Shamir Optical Industry Ltd. (SHMR: chart) priced 4 million common shares at $14, the midpoint of its proposed $13 to $15 price range.

William Blair & Company, CIBC World Markets C.E. Unterberg, Towbin are the underwriters managing the offering.

The Company’s shares climbed 12.5% to close at $16.00 on Friday.

IPOs TO PRICE THIS WEEK:

4 IPOs are expected to price the week of March 14, 2005.

Boston-based biopharmaceutical company CombinatoRx, Inc. (CRXX: chart), which set the terms of the company's pending IPO at 6 million shares, will be shooting at a price range between $10 and $12, to raise $72 million.

CombinatoRx is a biopharmaceutical company focused on developing oncology, and immuno-inflammatory drugs.

Leading the deal's underwriting syndicate is Merrill Lynch & Co., with co-leader Banc of America Securities LLC.

Also on deck this week is the IPO from Bank of Internet Holding, Inc. (BOFI: chart), the holding company for Bank of Internet USA, an internet savings bank. The company plans to offer 2.25 million shares within a price range of $9 to $13 to raise $82 million.

The deal will be led by WR Hambrecht.

PanAmSat Holding Corp. (PA: chart) announced the terms for its upcoming IPO expected the week of March 14. The Wilton, Connecticut-based communications provider plans to offer 50 million shares within a price range of $19 to $21 to raise about $1 billion.

The joint book-runners on the deal will be Morgan Stanley, Citigroup and Merrill Lynch.

Diana Shipping, Inc. (DSX: chart), a Greece-based shipping company, plans to offer 12.4 million at $15-$17 to raise almost $242 million.

Bear Stearns will be the lead manager on the deal with Jefferies & Company, UBS and Fortis Securities as co-managers.