Through TheFLY's Eyes: IPO & Syndicate Preview

from Joseph Lazzaro of Theflyonthewall.com



















IPO & Secondary Preview: Schedule For The Week Of Jan 22, 2007



Wall Street's equity market has a full plate of offerings on its the table, with 16 deals on the ocket, including 5 IPOs.


Those deals tentatively scheduled to price include:



IPOS:


*AeroViroment (AVAV), a 6.7M-share IPO for ths unmanned aircraft manufacuturer. AVAV has a $14.00-$16.00 filing range

*Converted Organics (COIN), a 2M-share IPO for this fertilyzer company. COIN has a $5.00-$6.00 filing range.

*Meruelo Maddux Properties (MMPI), a 40M-share IPO to pay-off debt and for other corporate purposes. MMPI has a $12.00-$14.00 filing range.

*Oculus Innovative Sciences (OCLS), a 3.5M-share IPO for this developer of wound/infection treatments. OCLS has a $8.00-$10.00 filing range. This IPO was re-scheduled from December 2006.

*Oritani Financial (ORIT), a 10.575M-share IPO for this savings & loan holding company.



Secondaries:


*Alllis-Chambers Energy (ALY), a 4.5M-share Secondary. ALY is engaged in oilfield services.

*Baldor Electric (BEZ), a 6.25M-share Secondary. BEZ designs and manufactures electric motors.

*Covanta (CVA), a 5.77M-share Secondary for this diversified utility.

*Edge Petroelum (EPEX), a 9.2M-share Secondary to finance the pending acquisition of oil and gas properties from Smith Production Inc. and to refinance Edge's existing revolving credit facility.

*Inverness Medical Innovations (IMA), a 5M-share Secondary to repay outstanding debt and for orking capital and other general corporate purposes.

*J Crew Group (JCG), a 7.5M-share Secondary to fund the business growth/development.

*Kaiser Aluminum (KALU), a 2.52M-share Secondary for this aluminum products manufacturer to repay outstanding indebtedness and for working capital and other general corporate purposes.

*Medicines (MDCO), a 6M-share Secondary for this acute acre-oriented pharmaceutical company.

*RAM Energy Resources (RAME), an 11.98M-share Secondary to buy back senior notes and to reduce other revolving credit balances.

*Tower Group (TWGP), a 2.5M-share Secondary to fund a portion of its acquisition of Preserver, to redeem some preferred stock, and for general corporate purposes.

*Focus Media (FMCN), a 6.65M-share Secondary for general corporate purposes



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