| Recent IPOs: Apr 1999 - Jun 1999 |
| Pricing Date | Date Went Public | Name (Ticker) | Industry | Lead Underwriter | Shares Offered/ Outstanding (share%) | Offer Price | Open Price
| 1st Day Close | Last Close Price |
| Jun 30 | Jul 1 | Salem Communications Corporation
(SALM)
| Radio Broadcasting & Programming | BT Alex. Brown | 8/23
(37%)
| $22.50 | $25.00 | $25.50 | $5.19 |

|
| Jun 30 | Jun 30 | I.D. Systems, Inc.
(IDSY)
| Electronic Inspection & Monitoring Instruments | Gilford Securities Incorporated | 2/5
(37%)
| $7.00 | $7.00 | $7.44 | $3.16 |

|
| Jun 30 | Jun 30 | PrivateBancorp, Inc.
(PVTB)
| Private Banking | EVEREN Securities, Inc. | 1/4
(21%)
| $18.00 | $18.25 | $21.00 | $10.14 |

|
| Jun 24 | Jun 25 | Juniper Networks, Inc.
(JNPR)
| Routing & Switching Equipment | Goldman, Sachs & Co. | 5/49
(10%)
| $34.00 | $105.00 | $97.88 | $26.04 |

|
| Jun 24 | Jun 25 | Financial Institutions, Inc.
(FISI)
| Regional Banks & Thrifts | CIBC World Markets | 1/11
(12%)
| $14.00 | $14.25 | $14.94 | $11.64 |

|
| Jun 25 | Jun 25 | Stamps.com Inc.
(STMP)
| Office Products Retail & Distribution | BancBoston Robertson Stephens | 5/35
(14%)
| $11.00 | $15.50 | $13.06 | $9.25 |

|
| Jun 24 | Jun 25 | WebMediaBrands Inc.
(WEBM)
| Internet Content Providers | U.S. Bancorp Piper Jaffray | 3/23
(15%)
| $14.00 | $15.25 | $14.00 | $0.70 |

|
| Jun 23 | Jun 24 | CyberSource Corporation
(CYBS)
| E-commerce Software | Merrill Lynch & Co. | 4/22
(19%)
| $11.00 | $16.50 | $13.56 | $16.99 |

|
| Jun 24 | Jun 24 | Implant Sciences Corporation
(IMX)
| Security & Monitoring Equipment | Westport Resources Investment Services, Inc. | 1/5
(20%)
| $7.50 | $7.50 | $8.13 | $0.06 |

|
| Jun 24 | Jun 24 | Quepasa Corporation
(QPSA)
| Internet Content Providers | Cruttenden Roth Incorporated | 4/13
(31%)
| $12.00 | $18.75 | $17.13 | $1.34 |

|
| Jun 22 | Jun 23 | Ariba, Inc.
(ARBA)
| Supply Chain Management & Logistics Software | Morgan Stanley Dean Witter | 5/43
(12%)
| $23.00 | $61.00 | $90.00 | $10.91 |

|
| Jun 16 | Jun 17 | United Therapeutics Corporation
(UTHR)
| Biopharmaceuticals & Biotherapeutics | BT Alex. Brown | 5/15
(30%)
| $12.00 | $13.50 | $12.19 | $45.50 |

|
| Jun 16 | Jun 16 | SBA Communications Corporation
(SBAC)
| Telecommunications Infrastructure Development | Lehman Brothers | 10/30
(33%)
| $9.00 | $9.06 | $8.88 | $31.23 |

|
| Jun 10 | Jun 11 | Openwave Systems Inc.
(OPWV)
| Wireless Software | Credit Suisse First Boston | 4/31
(13%)
| $16.00 | $33.63 | $40.13 | $2.43 |

|
| Jun 9 | Jun 9 | Ditech Networks, Inc.
(DITC)
| Wireline Telecommunications Equipment | BT Alex. Brown | 3/12
(26%)
| $11.00 | $11.50 | $12.50 | $1.33 |

|
| Jun 9 | Jun 9 | Skechers U.S.A., Inc.
(SKX)
| Footwear | BT Alex. Brown | 8/28
(27%)
| $11.00 | $10.50 | $10.63 | $22.34 |

|
| Jun 8 | Jun 9 | The Pantry, Inc.
(PTRY)
| Gasoline Retailers | Merrill Lynch & Co. | 6/18
(35%)
| $13.00 | $13.06 | $13.00 | $15.30 |

|
| Jun 7 | Jun 7 | IA Global, Inc.
(IAO)
| Telecommunications Services | Westminster Securities Corporation | 2/9
(19%)
| $6.00 | $6.25 | $6.25 | $0.04 |

|
| Jun 4 | Jun 4 | F5 Networks, Inc.
(FFIV)
| Routing & Switching Equipment | Hambrecht & Quist | 3/18
(17%)
| $10.00 | $13.00 | $14.88 | $48.03 |

|
| Jun 3 | Jun 4 | Online Resources Corporation
(ORCC)
| Electronic Payment Systems | J.P. Morgan & Co. | 3/11
(29%)
| $14.00 | $15.88 | $14.06 | $5.85 |

|
| Jun 2 | Jun 3 | Waste Services, Inc.
(WSII)
| Solid Waste Services & Recycling | Credit Suisse First Boston | 3/7
(47%)
| $11.00 | $11.06 | $11.06 | $7.83 |

|
| May 27 | May 28 | AudioCodes Ltd.
(AUDC)
| Audio Chips & Boards | CIBC World Markets | 4/17
(20%)
| $14.00 | $15.06 | $17.06 | $2.55 |

|
| May 25 | May 26 | EDGAR Online, Inc.
(EDGR)
| Information Collection & Delivery | C.E. Unterberg, Towbin | 4/11
(33%)
| $9.50 | $8.75 | $9.56 | $1.40 |

|
| May 26 | May 26 | U.S. Concrete, Inc.
(RMIX)
| Aggregates, Concrete & Cement | Scott & Stringfellow, Inc. | 4/16
(24%)
| $8.00 | $8.00 | $8.63 | $0.67 |

|
| May 24 | May 25 | Brocade Communications Systems, Inc.
(BRCD)
| Storage Networking Equipment | Morgan Stanley Dean Witter | 3/26
(13%)
| $19.00 | $35.75 | $45.25 | $7.10 |

|
| May 24 | May 25 | TC PipeLines, LP
(TCLP)
| Natural Gas Pipelines | Goldman, Sachs & Co. | 12/--
(--)
| $20.50 | $20.50 | $20.56 | $36.32 |

|
| May 21 | May 21 | Rubio's Restaurants, Inc.
(RUBO)
| Fast-Food & Quick-Service Restaurants | Thomas Weisel Partners LLC | 3/9
(37%)
| $10.50 | $13.63 | $14.44 | $7.35 |

|
| May 14 | May 14 | Alloy, Inc.
(ALOY)
| Sales Promotion & Specialized Marketing Services | BancBoston Robertson Stephens | 4/14
(26%)
| $15.00 | $18.25 | $20.00 | $7.67 |

|
| May 12 | May 13 | Manhattan Bridge Capital, Inc.
(LOAN)
| Commercial Lending | Paulson Investment Company, Inc. | 1/3
(45%)
| $6.50 | $6.00 | $6.06 | $1.03 |

|
| May 11 | May 12 | tw telecom inc.
(TWTC)
| Managed Network Services | Morgan Stanley Dean Witter | 18/99
(18%)
| $14.00 | $21.00 | $20.75 | $14.91 |

|
| May 11 | May 12 | WESCO International, Inc.
(WCC)
| Electrical Products Distribution | Lehman Brothers | 10/47
(21%)
| $18.00 | $20.00 | $20.00 | $26.73 |

|
| May 10 | May 11 | TheStreet.com, Inc.
(TSCM)
| Internet Content Providers | Goldman, Sachs & Co. | 6/24
(23%)
| $19.00 | $61.00 | $60.00 | $2.42 |

|
| May 6 | May 6 | Radio One, Inc.
(ROIAK)
| Radio Broadcasting & Programming | Credit Suisse First Boston | 7/17
(37%)
| $24.00 | $28.00 | $34.63 | $2.25 |

|
| May 3 | May 4 | The Goldman Sachs Group, Inc.
(GS)
| Large-Market Investment Banking | Goldman, Sachs & Co. | 69/468
(15%)
| $53.00 | $76.00 | $70.38 | $171.13 |

|
| Apr 29 | Apr 30 | CONSOL Energy Inc.
(CNX)
| Coal Mining & Processing | J.P. Morgan & Co. | 23/--
(--)
| $16.00 | $16.00 | $14.25 | $46.29 |

|
| Apr 29 | Apr 29 | Informatica Corporation
(INFA)
| Database & File Management Software | Credit Suisse First Boston | 3/14
(19%)
| $16.00 | $27.25 | $29.38 | $22.72 |

|
| Apr 26 | Apr 27 | Heidrick & Struggles International, Inc.
(HSII)
| Executive Search | Lehman Brothers | 4/15
(28%)
| $14.00 | $14.00 | $14.06 | $29.06 |

|
| Apr 22 | Apr 23 | CompuCredit Holdings Corporation
(CCRT)
| Personal Lending | PaineWebber Incorporated | 8/--
(--)
| $12.00 | $12.63 | $14.38 | $2.68 |

|
| Apr 21 | Apr 22 | Tuesday Morning Corporation
(TUES)
| Discount & Variety Retail | Merrill Lynch & Co. | 7/38
(17%)
| $15.00 | $15.06 | $17.00 | $2.75 |

|
| Apr 16 | StanCorp Financial Group, Inc.
(SFG)
| Accident & Health Insurance | Goldman, Sachs & Co. | 14/33
(43%)
| $23.75 | $24.00 | $24.18 | $37.60 |

|
| Apr 9 | Extreme Networks, Inc.
(EXTR)
| Routing & Switching Equipment | Morgan Stanley Dean Witter | 7/46
(15%)
| $17.00 | $54.00 | $55.38 | $2.30 |

|
| Apr 7 | Apr 8 | Optibase Ltd.
(OBAS)
| Multimedia, Graphics & Publishing Software | C.E. Unterberg, Towbin | 4/8
(53%)
| $7.00 | $7.50 | $7.13 | $1.37 |

|
| Apr 8 | Trex Company, Inc.
(TWP)
| Lumber, Wood Production & Timber Operations | J.C. Bradford & Co. | 4/14
(30%)
| $10.00 | $10.00 | $11.38 | $18.96 |

|
| Apr 6 | PLX Technology, Inc.
(PLXT)
| Logic Devices | Merrill Lynch & Co. | 3/22
(15%)
| $9.00 | $11.06 | $12.13 | $3.13 |

|
| Apr 1 | Capitol Federal Financial
(CFFN)
| Regional Banks & Thrifts | Charles Webb & Company | 38/91
(41%)
| $10.00 | $10.00 | $9.72 | $29.73 |

|