The Lafayette, Louisiana-based LHC Group (LHCG: chart) Thursday closed at $17.10 a share, after pricing its IPO atop the proposed $12-$14 range. The company's IPO opened at $15.50.

LHC Group offered 4.8 million shares and raised $67 million. Lead underwriters of the deal are Jefferies & Co. and Legg Mason Wood Walker Inc.

Of the 4.8 million shares in the offering, 3.5 million shares are offered by the company itself, while the selling stockholders are selling 1.3 million shares.

The company specializes in healthcare services for Medicare patients via home nursing agencies, hospices, long-term acute care hospitals and outpatient rehabilitation clinics.

The second and last IPO priced the week of June 6 came from Rackable Systems (RACK: chart), a web-server maker. The IPO was priced at $12 a share late Thursday, and opened at $12.26 but the company's shares declined late afternoon and ended at $11.91, down 9 cents for the first day of trading.The company issued 6.25 million shares.

Lead underwriters of the deal were Thomas Weisel Partners, Piper Jaffray Cos., RBC Capital Markets and Pacific Crest Securities.


IPOs scheduled to debut the week of June 13, 2005:

The long-anticipated IPO of Premium Standard Farms Inc. (PORK: chart), the sixth-biggest pork producer in the U.S., has been delayed until the week of June 13 from last week. The company has proposed a price range of $15 to $17 a share.

The company plans to raise $213 million in the offering vs. the $100 million it filed for March.

Morgan Stanley is lead underwriter. Credit Suisse First Boston acts as co-manager.

ev3 Inc. (EVVV: chart), a global medical device maker, will be offering 11.765 million shares within a price range of $16 to $18 in a bid to raise $740 million. Insiders will be selling 35,900 shares. Piper Jaffray will act as the lead underwriter on the offering.

Micrus Corp. (MEND: chart), a implantable and disposable medical devices developer, will be offering 3.25 million shares within a price range of $12-$14 per share in a bid to raise $201 million. AG Edwards and Needham & Co. are acting as joint book runners on the deal.

Hemosense (HEMO: chart), a handheld blood coagulation monitors developer, has revised its IPO terms and now plans to offer 3.5 million shares within a price range of $8-$10 per share. Earlier the company planned to offer 2.6 million shares within a price range of $9 to $13 per share. Lazard and WR Hambrecht are managing the offering.

Builders Firstsource (BLDR: chart), a structural and related building products supplier, will be offering 7.5 million shares within a price range of $15 to $17 per share. Insiders plan to sell 3.75 million shares. UBS Investment Bank, Deutsche Bank and JP Morgan are lead underwriters.

A total of 75 IPOs have been priced so far in 2005; 4 of them have been priced in June.

114 IPOs have been filed, but have not yet been priced in 2005; 11 companies have filed to go public in June.