215 initial public offerings have been priced last year as of Dec 31, 2005:

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

One IPO was priced and four companies filed to go public during the week of January 9th, 2006. There are two deals scheduled to be priced during the coming week.

IPO PERFORMANCE

Linn Energy, LLC (LINE: chart) priced 11.75 million units on Friday at $21 per unit. The pricing was at the high end of the $19 - $21 range at filing. The deal was worth $246.8 million. The company had more than doubled the size of the issue from the initial proposal of 5.51 million shares in June.

Shares of the year's first U.S. initial public offering rose 9.1% in their Nasdaq debut.

In addition, the company has granted the underwriters a 30-day option to purchase up to 1.8 million addition units.

RBC Capital Markets and Lehman Brothers were the lead underwriters on the deal, while A.G. Edwards, UBS Securities, KeyBanc Capital, and Raymond James were acting as co-managers of the offering.

Linn Energy is an independent natural gas company focused on the development, exploitation and acquisition of natural gas properties in the Appalachian Basin, primarily in Pennsylvania, West Virginia, New York and Virginia.

The company’s units closed the first day and the week at $22.00, up 4.8% from the offering price.

IPO CALENDAR – week of January 16th

Oil refiner Western Refining (WNR: chart) plans to offer 18.8 million shares within a price range of $15 - $17 per share, in a bid to raise $300 million. Banc of America and Deutsche Bank will head the list of underwriters on the deal.

Railcar manufacturer American Railcar Industries (ARII: chart) plans to offer 8.5 million shares within a price range of $16 - $18 per share, in a bid to raise $144.5 million. UBS Investment Bank and Bear Stearns will be the lead managers on the deal.