Thirty seven initial public offerings have been priced so far this year as of Feb 16, 2007:

- 26 IPOs are currently trading above initial offering price;
- 7 are trading below the offering price;
- and 4 is trading at its offer price.

Six IPOs were priced during the week of February 12th, 2007. There are no deals on deck for the next week.

IPO PERFORMANCE

Opnext, Inc. (OPXT: chart) on Wednesday raised $254 million with an initial public offering of 16.9 million shares priced at $15 per share, at the top of the forecast range of $13 to $15 a share.

The company sold 10 million shares, while stockholders offered the remaining 6.9 million shares.

The stock closed the first day at $17.40.

In addition, Opnext has granted the underwriters an option to purchase up to 2.5 million additional shares.

Goldman Sachs was the lead underwriter of the offering, while J.P. Morgan, CIBC World Markets, Cowen and Company and Jefferies were acting as co-managers.

The Eatontown, New Jersey-based company is a leading designer and manufacturer of optical modules and components, which enable high-speed telecommunications and data communications networks globally.

The shares ended the week at $17.40, up 15% from the offering price.

Salary.com Inc. (SLRY: chart) raised almost $60 million on Wednesday by offering 5.7 million shares priced at $10.50 per share, above the $8 to $10 forecast range.

Salary previously increased the offering from the original 5 million shares at filing.

The company sold 4.9 million shares while selling stockholders offered about 800,000 shares.

The stock closed the first day at $12.50.

Thomas Weisel was acting as a lead manager for the offering while William Blair was acting as co-lead manager.

The company and certain of the selling stockholders have granted the underwriters a 30-day option to purchase up to 855,000 additional shares to cover excess demand.

The Waltham-Massachusetts based company is a leading provider of on-demand compensation management solutions helping businesses and individuals manage pay and performance.

The stock closed at $12.50 a share on Friday, up 10% from the IPO price.

Quadra Realty Trust Inc. (QRR: chart) sold 16.7 million shares, priced at the low end of the forecast range of $15 to $17 per share. The deal was worth about $250.5 million.

The stock closed the first day at $15.16 a share.

Credit Suisse Securities and Wachovia Capital Markets served as the lead managers for the offering with A.G. Edwards, KeyBanc Capital Markets and Stifel Nicolaus as co-managers.