Two hundred and thirty-five initial public offerings have been priced in 2007:

- 123 IPOs are currently trading above initial offering price;
- 109 are trading below the offering price;
- and 3 are trading at its offer price.

IPO PERFORMANCE

Williams Pipeline Partners LP (WMZ) gained 3% in its first-day trading on Friday after the initial public offering of 16.26 million shares was priced at $20, the middle of the forecast.

On Thursday the company raised $325 million with its offering, the first for the current year.

Lehman Brothers, Citi Global Markets and Merrill Lynch were the lead managers for the IPO.

The underwriters have a 30-day option to buy up to 2.4 million additional common units to cover any over-allotments.

Williams Pipeline Partners was formed to own and operate natural gas transportation and storage assets.

Williams Pipeline Partners was formed to own and operate natural gas transportation and storage assets. The general partner of Williams Pipeline Partners is Williams Pipeline GP LLC, which is a wholly owned subsidiary of Williams (WMB).

The shares ended the week at $20, unchanged from the offering price.


IPO CALENDAR – week of January 21st

Blank check company Atlas Acquisition Holdings ((AXG.U)) plans to offer 20 million units at a price of $10 per unit, in a bid to raise $200 million. Lazard and Morgan Stanley will be the lead underwriters on the deal.

Water and wastewater services company Cascal B.V. (HOO) plans to offer 16.7 million shares within the price range of $17 to $19 a share, in a bid to raise 365 million. J.P. Morgan and Credit Suisse will be the lead underwriters on the deal.

Hospitalist company IPC (IPCM) plans to offer 4.7 million shares within a price range of $15 to $17, in a bid to raise $92 million. Credit Suisse and Jefferies will manage the deal.

Hospitalist company OGE Enogex Partners L.P. (OGP) plans to offer 7.5 million shares within a price range of $18 to $20 a share, in a bit to raise $ 173 million. UBS Investment Bank and Lehman Brothers will be the lead underwriters on the deal.

RiskMetrics Group (RMG) plans to offer 14 million shares within the price range of $17 to $19 a share, in a bid to raise $306 million. Credit Suisse, Goldman Sachs, and Banc of America will be the lead managers on the deal.