| Recent IPOs: Apr 2004 - Jun 2004 |
| 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 | Jun 30 | Life Time Fitness, Inc.
(LTM)
| Fitness & Dance Facilities | Credit Suisse First Boston LLC | 10/33
(30%)
| $18.50 | $20.75 | $21.00 | $23.11 |

|
| Jun 30 | Jun 30 | Design Within Reach, Inc.
(DWRI)
| Home Furnishings & Housewares Retail | CIBC World Markets Corp. | 4/13
(32%)
| $12.00 | $14.80 | $16.43 | $0.24 |

|
| Jun 28 | Jun 29 | Desarrolladora Homex, S.A. de C.V.
(HXM)
| Residential Construction | Citigroup Global Markets Inc. | 10/314
(3%)
| $15.80 | $17.00 | $17.60 | $34.17 |

|
| Jun 25 | Jun 25 | Multi-Fineline Electronix, Inc.
(MFLX)
| Contract Electronics Manufacturing | Needham & Company, Inc. | 6/23
(24%)
| $10.00 | $10.21 | $10.04 | $25.41 |

|
| Jun 23 | Jun 24 | New York Mortgage Trust, Inc.
(NYMT)
| Mortgage & Investment REITs | Friedman, Billings, Ramsey & Co., Inc. | 15/18
(83%)
| $9.00 | $8.75 | $8.94 | $7.00 |

|
| Jun 23 | Jun 24 | Xyratex Ltd.
(XRTX)
| Magnetic Disk Storage | Credit Suisse First Boston LLC | 4/28
(14%)
| $14.00 | $14.00 | $13.95 | $11.81 |

|
| Jun 23 | Jun 24 | Gol Linhas Aéreas Inteligentes S.A.
(GOL)
| Airlines | Morgan Stanley & Co. Incorporated | 33/188
(18%)
| $17.00 | $18.80 | $18.22 | $13.69 |

|
| Jun 23 | Jun 24 | Strategic Hotels & Resorts, Inc.
(BEE)
| Hotel & Motel REITs | Goldman, Sachs & Co. | 16/26
(64%)
| $14.00 | $14.00 | $14.35 | $1.72 |

|
| Jun 22 | Jun 23 | WCA Waste Corporation
(WCAA)
| Solid Waste Services & Recycling | Friedman, Billings, Ramsey & Co., Inc. | 9/15
(62%)
| $9.50 | $9.50 | $8.59 | $4.40 |

|
| Jun 23 | Jun 23 | salesforce.com, inc.
(CRM)
| Customer Relationship Management, Marketing & Sales Software | Morgan Stanley & Co. Incorporated | 10/101
(10%)
| $11.00 | $11.00 | $17.20 | $65.44 |

|
| Jun 22 | Jun 22 | Cabela's Incorporated
(CAB)
| Sporting & Recreational Equipment Retail | Credit Suisse First Boston LLC | 8/65
(12%)
| $20.00 | $27.95 | $26.00 | $12.07 |

|
| Jun 22 | Jun 22 | Senomyx, Inc.
(SNMX)
| Specialty Chemical Manufacturing | Citigroup Global Markets Inc. | 6/25
(24%)
| $6.00 | $6.45 | $6.75 | $3.43 |

|
| Jun 21 | Jun 22 | Jackson Hewitt Tax Service Inc.
(JTX)
| Accounting | Deutsche Bank Securities Inc. | 38/38
(100%)
| $17.00 | $17.00 | $17.25 | $4.13 |

|
| Jun 22 | Jun 22 | Momenta Pharmaceuticals, Inc.
(MNTA)
| Biotechnology | SG Cowen Securities Corporation | 5/25
(22%)
| $6.50 | $6.75 | $7.81 | $10.58 |

|
| Jun 17 | Jun 18 | Blackboard Inc.
(BBBB)
| Education & Training Software | Credit Suisse First Boston LLC | 6/25
(22%)
| $14.00 | $15.80 | $20.01 | $42.41 |

|
| Jun 17 | Jun 17 | InfoSonics Corporation
(IFON)
| Telecommunications Equipment Distribution & Support | Gilford Securities Incorporated | 2/5
(38%)
| $6.00 | $6.00 | $5.85 | $1.06 |

|
| Jun 15 | Jun 16 | Metabasis Therapeutics, Inc.
(MBRX)
| Biopharmaceuticals & Biotherapeutics | SG Cowen Securities Corp | 5/18
(28%)
| $7.00 | $7.03 | $6.66 | $0.39 |

|
| Jun 15 | Jun 16 | Leadis Technology, Inc.
(LDIS)
| Graphics & Video Chips & Boards | Goldman, Sachs & Co. | 6/27
(22%)
| $14.00 | $14.27 | $13.10 | $1.02 |

|
| Jun 9 | Jun 10 | Digirad Corporation
(DRAD)
| Medical Equipment & Supplies | Merrill Lynch, Pierce, Fenner & Smith Incorporated | 6/18
(31%)
| $12.00 | $12.02 | $11.77 | $2.33 |

|
| Jun 9 | Jun 10 | CB Richard Ellis Group, Inc.
(CBG)
| Commercial Property Investment | Credit Suisse First Boston LLC | 7/68
(10%)
| $19.00 | $19.00 | $18.35 | $11.25 |

|
| Jun 3 | Jun 4 | Inhibitex, Inc.
(INHX)
| Biopharmaceuticals & Biotherapeutics | Thomas Weisel Partners LLC | 5/17
(29%)
| $7.00 | $7.51 | $7.21 | $1.00 |

|
| May 27 | May 28 | Alnylam Pharmaceuticals, Inc.
(ALNY)
| Biopharmaceuticals & Biotherapeutics | Banc of America Securities LLC | 5/19
(26%)
| $6.00 | $6.10 | $6.01 | $16.75 |

|
| May 26 | May 27 | ACADIA Pharmaceuticals Inc.
(ACAD)
| Pharmaceuticals Manufacturers | Banc of America Securities LLC | 5/17
(30%)
| $7.00 | $7.44 | $6.70 | $1.32 |

|
| May 26 | May 27 | Cornerstone Therapeutics, Inc.
(CRTX)
| Pharmaceuticals | SG Cowen Securities Corporation | 6/24
(25%)
| $7.00 | $7.26 | $7.10 | $5.87 |

|
| May 26 | May 27 | Republic Airways Holdings Inc.
(RJET)
| Airlines | Raymond James & Associates, Inc. | 5/25
(20%)
| $13.00 | $14.25 | $13.77 | $6.80 |

|
| May 26 | May 27 | AngioDynamics, Inc.
(ANGO)
| Medical Devices | RBC Capital Markets | 2/11
(17%)
| $11.00 | $11.54 | $12.50 | $16.19 |

|
| May 24 | May 25 | Genworth Financial, Inc.
(GNW)
| Life Insurance | Morgan Stanley & Co. Incorporated | 145/145
(100%)
| $19.50 | $18.75 | $19.50 | $11.05 |

|
| May 23 | May 23 | Standard Parking Corporation
(STAN)
| Parking Facility Management | William Blair & Company | 4/25
(16%)
| $11.50 | $12.02 | $12.50 | $15.91 |

|
| May 19 | May 20 | Blue Nile, Inc.
(NILE)
| Jewelry & Watch Retail | Merrill Lynch, Pierce, Fenner & Smith Incorporated | 4/17
(22%)
| $20.50 | $25.00 | $28.40 | $56.92 |

|
| May 12 | May 13 | NuVasive, Inc.
(NUVA)
| Medical Devices | Banc of America Securities LLC | 7/23
(28%)
| $11.00 | $11.05 | $11.40 | $33.21 |

|
| May 12 | May 13 | Shanda Interactive Entertainment Limited
(SNDA)
| Internet Content Providers | Goldman Sachs (Asia) L.L.C. | 14/70
(20%)
| $11.00 | $11.30 | $11.97 | $48.69 |

|
| May 11 | May 11 | Atlas Energy, Inc.
(ATLS)
| Natural Gas Gathering & Processing Systems | Friedman, Billings, Ramsey & Co., Inc. | 2/13
(18%)
| $15.50 | $16.75 | $18.14 | $26.10 |

|
| May 5 | May 6 | Greenhill & Co, Inc.
(GHL)
| Investment Banking | Goldman, Sachs & Co. | 5/30
(17%)
| $17.50 | $19.06 | $20.50 | $82.88 |

|
| May 6 | May 6 | Origen Financial, Inc.
(ORGN)
| Mortgage & Investment REITs | Lehman Brothers Inc. | 8/25
(33%)
| $8.00 | $8.00 | $8.00 | $1.59 |

|
| Apr 30 | Apr 30 | Intersections Inc.
(INTX)
| Credit Reporting | Deutsche Bank Securities Inc. | 6/17
(37%)
| $17.00 | $21.01 | $24.70 | $4.69 |

|
| Apr 29 | Apr 29 | Cytokinetics, Incorporated
(CYTK)
| Biopharmaceuticals & Biotherapeutics | Goldman, Sachs & Co. | 6/26
(22%)
| $13.00 | $14.50 | $16.10 | $3.41 |

|
| Apr 22 | Apr 23 | Assured Guaranty Ltd.
(AGO)
| Surety Insurance | Banc of America Securities LLC | 49/75
(65%)
| $18.00 | $18.22 | $18.00 | $23.04 |

|
| Apr 20 | Apr 21 | Gander Mountain Company
(GMTN)
| Sporting & Recreational Equipment Retail | Banc of America Securities LLC | 6/13
(45%)
| $16.00 | $20.00 | $22.02 | $5.02 |

|
| Apr 6 | Apr 7 | Arbor Realty Trust, Inc.
(ABR)
| Mortgage & Investment REITs | Wachovia Capital Markets, LLC | 6/15
(42%)
| $20.00 | $20.05 | $20.50 | $1.83 |

|
| Apr 6 | Apr 6 | JED Oil Inc.
(JDO)
| Oil & Gas Exploration & Production | Gilford Securities Incorporated | 2/9
(18%)
| $5.50 | $10.00 | $11.20 | $0.00 |

|
| Apr 1 | Apr 1 | Santarus, Inc.
(SNTS)
| Pharmaceuticals Manufacturers | SG Cowen Securities Corp | 6/28
(21%)
| $9.00 | $9.00 | $10.10 | $4.11 |

|