IPO outlook: December 10, 2004

IPO outlook: December 10, 2004

Byline: edited byJeffrey Kanige

edited byJeffrey Kanige

Symmetry Medical

Warsaw, Ind.-based Symmetry Medical Inc. Thursday priced its 8 million-share initial public offering at $15 a share, at the top of the most recent $13 to $15 price range. Last month, the company reduced the IPO size and price range from 10 million shares with a range of $14 to $16 each. Including an overallotment option of 1.2 million shares, the offering could raise as much as $138 million gross. Banc of America Securities LLC, Credit Suisse First Boston, Piper Jaffray Cos. and Wachovia Securities LLC are underwriters. Counsel for the issuer is Kirkland & Ellis LLP, while Shearman & Sterling LLP is representing the underwriters. Symmetry will list on the New York Stock Exchange under the ticker SMA. — Peter Moreira

HouseValues

Bellevue, Wash.-based real estate marketing services company HouseValues Inc. Wednesday raised the price range of its 6.25 million initial public offering to $13 to $15 a share, from $10 to $12 a share. The company said in a filing with the Securities and Exchange Commission that it would sell 4.2 million shares, while shareholders will part with 2.1 million. Underwriting the offering are Credit Suisse First Boston, J.P. Morgan, Piper Jaffray Cos., Thomas Weisel Partners LLC and Pacific Crest Securities. HouseValues’s legal adviser is Perkins Coie LLP, while Wilson Sonsini Goodrich & Rosati PC is representing the underwriters. The company plans to list on Nasdaq under the symbol SOLD. — P.M.

Yellow Pages Singapore

Suntec Real Estate

Two Singapore-listed companies, Yellow Pages Singapore Pty. Ltd. and Suntec Real Estate Investment Trust, braved a sluggish broader market to end their first day of trading on a positive note Thursday. Yellow Pages raised 230 million Singapore dollars ($140 million) in the IPO. Suntec raised S$830.3 million in its IPO. Yellow Pages, held jointly by CVC Capital Partners Asia Pacific LP and J.P. Morgan Asia Investment Partners LP, closed 5.4% higher than its IPO price of S$1.66 per share at S$1.75 after hitting an inter day high of S$1.82. Suntec, whose major shareholders include prominent Hong Kong real estate tycoons such as Li Ka-Shing, chairman of Cheung Kong (Holdings) Ltd.; Lee Shau-Kee, chairman of Henderson Land Development Co. Ltd.; and Cheng Yu-Tung, chairman of New World Development Co. Ltd., saw its shares climb 10%, to close at S$1.10 per share, up from its IPO price of S$1. n — Shu-Ching Jean Chen

www.TheDeal.com

COPYRIGHT 2004 The Deal LLC

COPYRIGHT 2004 Gale Group