190 initial public offerings have been priced so far this year as of Nov. 17th, 2006:
Ten IPOs were priced during the week of November 13th, 2006. There are
four deals on deck for the next week hoping to raise nearly $2.6 billion.
IPO PERFORMANCE
ADVANCERS:
The energy exchange
NYMEX Holdings, Inc. (
NMX: chart) on Thursday priced its IPO of 6.5 million shares, about a 7.5% stake in the company, at $59 per share, above its $54 to $57 forecast range. The deal was worth $385.5 million.
The company’s shares began trading at $120 on the New York Stock Exchange, up 103% from the initial price.
NYMEX offered 5.4 million shares while selling stockholders sold 1.1 million shares.
The underwriters were J.P. Morgan, Merrill Lynch, Banc of America Securities, Citigroup, Lehman Brothers and Sandler O''Neill.
The company has granted the underwriters a 30-day option to buy up to 975,000 additional shares to cover excess demand.
NYMEX is the largest physical commodity-based futures exchange and clearinghouse in the world.
Investor demand led the exchange to increase the size and forecast of its price earlier in the week from 6 million shares at a price of $48 to $52 per share.
New York-based NYMEX follows the latest IPOs from exchanges. The
NYSE Group Inc. (
NYX: chart) launched its shares in March and rose 25% on their first day of trading.
IntercontinentalExchange (
ICE: chart) and
CBOT Holdings Inc. (
BOT: chart) both soared at their start last year.
NYMEX stock closed at $132.99 a share their first day of trading, up as much us 125% from the IPO price
Oil services contractor
KBR Inc. (
KBR: chart), a subsidiary of
Halliburton Co. (
HAL: chart), raised $473 million on Wednesday with an initial public offering of 27.84 million shares that were priced at $17 per share, at the high end of the $15 to $17 forecast range.
The offering represents about a 17% stake in the company.
After the IPO, Halliburton will own about 83% of common stock in KBR Inc.
The lead underwriters for the offering were Credit Suisse Securities, Goldman Sachs, and UBS Securities.
The underwriters have the option to buy 4.2 million additional shares to cover excess demand.
KBR is a global engineering, construction and services company supporting the energy, petrochemicals, government services and civil infrastructure sectors.
The company’s shares ended the week at $21.95 per share, up 29% from the IPO price. 
