XenoPort (XNPT: chart), Santa Clara, California-based company developing oral versions of existing drugs, priced 5 million shares of its initial public offering at $10.50 late Thursday. Morgan Stanley and Deutsche Bank were the lead underwriters on the deal.

For the fiscal year ended December 31, XenoPort posted total revenues of $10 million and a net loss of $31.3 million. As of March 31, 2005 the company recorded an accumulated deficit of $106.3 million.

The XenoPort IPO was priced at $10.50 per share, well below the original filing price range of $14 to $16 per share. The IPO closed its first trading day at $10.39 per share, down $0.11 per share from the IPO price.

XenoPort's stock closed at $10.20 Friday, 2.86% down from its IPO price.

Aries Maritime (RAMS: chart), a worldwide shipper of refined petroleum products and containers, priced 12.24 million shares at $12.50 per share Friday, below the originally proposed range of $14 to $16 per share. The underwriters on the deal were Jefferies, CS First Boston and Fortis Securities.

The company's shares added 3.75% to close at $12.969 Friday.


IPOs scheduled to debut the week of June 6, 2005:

Premium Standard Farms (PORK: chart), pork provider, plans to be selling 12.5 million shares within a price range of $15 to $17 per share. Morgan Stanley, CS First Boston, JPMorgan and Piper Jaffray will be the underwriters for the deal.

LHC Group (LHCG: chart), healthcare services provider, will offer 4 million shares, including 900k by insiders, within a price range of $12 to $14 to raise $210 million. Jefferies Broadview and Legg Mason are joint book runners on the deal.

Rackable Systems Inc. (RACK: chart), computer services provider, will be offering 6.25 million shares within a price range of $11 to $13 in a bid to raise $265 million. The underwriters include Lehman Brothers, Thomas Weisel and Piper Jaffray.