Four companies debited on the IPO market the week of June 13, 2005.

Premium Standard Farms (PORK: chart) priced at the bottom of its projected price range of $12.50 to $13.50 a share. Earlier, that range had been slashed from $15 to $17 a share.

Premium Standard also cut the size of the IPO to 9.8 million shares from 12.5 million.

The pork producer started trading at $12.50 a share, flat with the offer price. The company's stock ended its first trading day down 15 cents at $12.35.

The stents and other surgical products maker Ev3 Inc. (EVVV: chart) priced 11.8 million shares at $14, well below the estimated $16-$18 range. The stock closed at $14.15 gaining 1% over the offer price.

The IPO raised about $165 million with underwriter Piper Jaffray. Warburg Pincus owns about 92% of Ev3 Inc.

Micrus Endovascular Corp. (MEND: chart) ended at $11.01, a penny above its $11 IPO on its first day of trading. The Sunnyvale, California-based medical devices maker priced its 3.25 million share offering at $11, below its anticipated $12-$14 range, raising $36 million. The company plans to use the approximately $31 million in net proceeds from the offering to fund its entry into the Japanese market as well as the expansion of its sales force and R&D activities.

A.G. Edwards and Needham & Company acted as underwriters on the deal.

Italian pharmaceutical company Gentium S.p.A.'s (GNT: chart) initial public offering of 2.4 million of American depositary shares priced at $9 a share, raising $22 million. The stock opened at $8.50 and climber further to close at $8.90.

Maxim Group and I-Bankers Securities were the underwriters on the deal.


9 companies are scheduled to go public the week of June 20, 2005:

Vaccine developer Celldex Therapeutics (CDEX: chart) said Wednesday that it plans to be offering 4 million shares within a price range of $8 to $10 per share. Janney Montgomery and ThinkEquity will act as underwriters on the deal.

Catheter-maker CryoCor (CRYO: chart) announced Friday that it has revised its IPO terms and now plans to be offering 3 million shares within a price range of $11-$13 per share. The company had previously projected to offer 2.85 million shares within a range of $10 to $14. WR Hambrecht is lead managing the deal.

Inergy Holdings (NRGP: chart), which controls propane supplier Inergy LP, announced the terms of its IPO. The company will be offering 3.4 million common units within the range on $19 to $21. Lehman Brothers and AG Edwards will be the lead underwriters on the deal.

Software provider Kenexa (KNXA: chart) will offer 5 million shares on its IPO with a price range of $14 to $16. SG Cowen will act as a lead underwriter on the deal.

Allion Healthcare (ALLI: chart), a provider of specialty pharmacy and disease management services for HIV/AIDS patients, plans to be offering 4 million shares within a price range of $12 to $14 per share in a bid to raise $185 million. Thomas Weisel will act as the lead manager on the deal.

Marine transport company TBS International (TBSI: chart) announced it will offer 8.5 million shares with a price range of $15 to $17 per share in a bid to raise $444 million. Shareholders plan to sell 3.75 million shares. Merrill Lynch and Jefferies are the joint book runners on the offering.

Educational services provider Lincoln Educational Services (LINC: chart) announced Tuesday afternoon that it will offer 4 million shares with a price range of $19 to $21. Taken at the midpoint, this would give the company an initial market cap of $520 million. Merrill Lynch is the lead underwriter on the deal.

Shipping firm Eagle Bulk Shipping (EGLE: chart) announced that it will offer 13.25 million shares on its IPO within a price range of $16 to $18 per share to raise $442 million. UBS Investment Bank and Bear Sterns will act as the lead underwriters.