| Recent IPOs: Jan 2000 - Mar 2000 |
| Pricing Date | Date Went Public | Name (Ticker) | Industry | Lead Underwriter | Shares Offered/ Outstanding (share%) | Offer Price | Open Price
| 1st Day Close | Last Close Price |
| Mar 1 | Mar 2 | AFC Enterprises, Inc.
(AFCE)
| Fast-Food & Quick-Service Restaurants | Goldman, Sachs & Co. | 3/30
(11%)
| $17.00 | $19.50 | $20.38 | $8.04 |

|
| Mar 30 | Apr 6 | PetroChina Company Limited
(PTR)
| Oil & Gas Exploration & Production | China International Capital Corporation | 176/--
(--)
| $16.44 | $16.44 | $16.44 | $127.94 |

|
| Mar 30 | Mar 31 | ValueClick, Inc.
(VCLK)
| Advertising & Marketing | Goldman, Sachs & Co. | 4/28
(14%)
| $19.00 | $19.25 | $20.94 | $10.01 |

|
| Mar 30 | Mar 30 | Luminex Corporation
(LMNX)
| Biotechnology Research Equipment | Warburg Dillon Read LLC | 5/27
(17%)
| $17.00 | $19.50 | $22.88 | $13.96 |

|
| Mar 29 | Mar 29 | New Dragon Asia Corp.
(NWD)
| Milled Grains, Flours & Baking Mixes | Institutional Equity Corporation | 1/3
(18%)
| $10.00 | -- | -- | $0.12 |

|
| Mar 28 | Mar 28 | ICICI Bank Limited
(IBN)
| Banking - Asia & Australia | Merrill Lynch & Co. | 14/--
(--)
| $11.00 | $14.00 | $14.25 | $37.84 |

|
| Mar 27 | Mar 28 | Websense, Inc.
(WBSN)
| Security Software | Chase H&Q | 4/19
(21%)
| $18.00 | $34.50 | $47.75 | $16.43 |

|
| Mar 23 | Mar 24 | InterMune, Inc.
(ITMN)
| Biopharmaceuticals & Biotherapeutics | Warburg Dillon Read LLC | 6/--
(--)
| $20.00 | $30.13 | $25.00 | $11.04 |

|
| Mar 23 | Mar 24 | Sun Life Financial Inc.
(SLF)
| Life Insurance | Morgan Stanley Canada Limited | 144/--
(--)
| $8.50 | $9.44 | $9.31 | $27.68 |

|
| Mar 23 | Mar 24 | Silicon Laboratories Inc.
(SLAB)
| Communications Chips | Morgan Stanley Dean Witter | 3/47
(7%)
| $31.00 | $63.00 | $69.38 | $43.00 |

|
| Mar 23 | Mar 23 | Alvarion Ltd.
(ALVR)
| Wireless Broadband Service Equipment | CIBC World Markets | 5/--
(--)
| $20.00 | $38.00 | $39.81 | $3.90 |

|
| Mar 30 | Mar 20 | Peoples Community Bancorp, Inc.
(PCBI)
| Regional Banks & Thrifts | Charles Webb & Company | 1/--
(--)
| $10.00 | $11.00 | $11.44 | $0.01 |

|
| Mar 15 | Mar 16 | ActivIdentity Corporation
(ACTI)
| Security Software | J.P. Morgan & Co. | 4/37
(11%)
| $76.50 | $68.50 | $58.00 | $2.30 |

|
| Mar 13 | Mar 14 | Radvision Ltd.
(RVSN)
| Routing & Switching Equipment | Lehman Brothers | 4/18
(21%)
| $20.00 | $56.00 | $55.94 | $6.25 |

|
| Mar 6 | Mar 7 | Selectica, Inc.
(SLTC)
| E-commerce Software | Credit Suisse First Boston | 4/33
(12%)
| $30.00 | $94.00 | $141.23 | $0.27 |

|
| Mar 2 | Mar 3 | UTStarcom, Inc.
(UTSI)
| Wireless Telephone Handsets | Merrill Lynch & Co. | 10/89
(11%)
| $18.00 | $41.00 | $68.13 | $1.92 |

|
| Mar 2 | Mar 3 | AsiaInfo Holdings, Inc.
(ASIA)
| Billing & Service Provisioning Software | Morgan Stanley Dean Witter | 5/37
(14%)
| $24.00 | $93.00 | $99.56 | $25.32 |

|
| Mar 1 | Mar 2 | Palm, Inc.
(PALM)
| Wireless Telephone Handsets | Goldman, Sachs & Co. | 23/562
(4%)
| $38.00 | $145.00 | $95.06 | $11.10 |

|
| Mar 1 | Mar 1 | Onvia, Inc.
(ONVI)
| Direct Marketing Services | Credit Suisse First Boston | 8/80
(10%)
| $21.00 | $46.00 | $61.50 | $6.07 |

|
| Feb 21 | Feb 22 | Intersil Corporation
(ISIL)
| Analog Chips | Credit Suisse First Boston | 20/91
(22%)
| $25.00 | $37.00 | $54.00 | $13.00 |

|
| Feb 17 | Feb 18 | GigaMedia Limited
(GIGM)
| Entertainment & Games Software | Goldman Sachs International | 9/49
(18%)
| $27.00 | $63.50 | $88.00 | $4.12 |

|
| Feb 10 | Feb 15 | IVAX Diagnostics, Inc.
(IVD)
| Diagnostic Substances | Gaines, Berland Inc. | 3/7
(43%)
| $8.00 | $10.00 | $8.13 | $0.59 |

|
| Feb 14 | Feb 15 | SAVVIS, Inc.
(SVVS)
| Managed Network Services | Merrill Lynch & Co. | 17/93
(18%)
| $24.00 | $27.50 | $24.00 | $13.32 |

|
| Feb 14 | Feb 15 | Chordiant Software, Inc.
(CHRD)
| Customer Relationship Management, Marketing & Sales Software | Robertson, Stephens & Company | 5/35
(13%)
| $18.00 | $49.00 | $39.44 | $2.87 |

|
| Feb 14 | Feb 14 | Verenium Corporation
(VRNM)
| Basic and Intermediate Chemical & Petrochemical Manufacturing | Bear, Stearns & Co. Inc. | 7/33
(22%)
| $24.00 | $56.00 | $75.00 | $4.09 |

|
| Feb 10 | Feb 11 | Beasley Broadcast Group, Inc.
(BBGI)
| Radio Broadcasting & Programming | Credit Suisse First Boston | 7/24
(28%)
| $15.50 | $15.00 | $14.13 | $3.10 |

|
| Feb 3 | Feb 4 | Antigenics Inc.
(AGEN)
| Biopharmaceuticals & Biotherapeutics | U.S. Bancorp Piper Jaffray | 4/24
(14%)
| $18.00 | $45.00 | $61.38 | $0.79 |

|
| Feb 3 | Feb 4 | eOn Communications Corporation
(EONC)
| Enterprise Telecommunications Equipment | Needham & Company, Inc. | 3/11
(27%)
| $12.00 | $31.13 | $23.00 | $2.46 |

|
| Feb 3 | Feb 4 | Mediacom Communications Corporation
(MCCC)
| Cable TV System Operators | Credit Suisse First Boston | 20/90
(22%)
| $19.00 | $20.00 | $19.00 | $4.16 |

|
| Jan 1 | Feb 1 | SEQUENOM, Inc.
(SQNM)
| Biotechnology Research Equipment | Warburg Dillon Read LLC | 5/23
(23%)
| $26.00 | $71.00 | $79.25 | $4.42 |

|
| Jan 31 | Feb 1 | SkillSoft Public Limited Company
(SKIL)
| Education & Training Services | Credit Suisse First Boston | 3/13
(25%)
| $14.00 | $18.00 | $18.00 | $10.32 |

|
| Jan 27 | Jan 28 | Packaging Corporation of America
(PKG)
| Packaging & Container Manufacturing | Goldman, Sachs & Co. | 46/106
(44%)
| $12.00 | $12.00 | $12.00 | $19.83 |

|
| Jan 27 | Jan 28 | Atlas Pipeline Partners, L.P.
(APL)
| Natural Gas Pipelines | Friedman, Billings, Ramsey & Co., Inc. | 2/3
(48%)
| $13.00 | $12.75 | $12.38 | $7.07 |

|
| Jan 24 | Jan 25 | Regent Communications, Inc.
(RGCI)
| Radio Broadcasting & Programming | Prudential Securities Incorporated | 16/30
(54%)
| $8.50 | $10.50 | $12.00 | $0.30 |

|