85 initial public offerings have been priced so far this year as of May 26, 2006:

- 43 IPOs are currently trading above initial offering price;
- 39 are trading below the offering price;
- and 3 are trading at their offer price.

Three IPOs were priced during the week of May 22nd, 2006. There are four deals scheduled to be priced during the coming week, hoping to raise nearly $900 million.

IPO PERFORMANCE

ADVANCERS:

Shares of MasterCard Inc. (MA: chart) were priced at $39 on Wednesday. The IPO was priced below the expected range of $40 - $43 and raised about $2.4 billion in the largest U.S. stock sale in two years. The company offered 61.5 million shares.

The long-awaited IPO was the largest U.S. stock flotation since the offering of Genworth Financial Inc. (GNW: chart) in 2004 that raised $2.8 billion.

MasterCard shares closed the first day of trading on the NYSE at $46, 18% over its IPO price.

MasterCard went public with a market capitalization of about $5.3 billion, based on 135 million shares outstanding. Shareholders include J.P. Morgan, Citigroup, Bank of America and HSBC.

Citigroup and Goldman Sachs were the lead underwriters.

The company’s shares closed at $44.93 on Friday, up 15% from the initial offering price.

Mueller Water Products Inc. (MWA: chart), a subsidiary of Walter Industries Inc. (WLT: chart), priced an initial public offering worth $400 million on Thursday.

The 25 million share offering sold for $16 a share, at the low end of a $16 - $18 expected range.

Banc of America, Morgan Stanley and Lehman Brothers were lead underwriters on the deal.

Mueller Water manufactures water infrastructure and flow control products.

The company’s shares closed at $16.75 on Friday, up 4% from the initial offering price.

DECLINERS:

Internet telephone service provider Vonage Holdings Corp. (VG: chart) priced its offering of 31.3 million shares at $17 a share on Thuesday, at the midpoint of an estimated $16 - $18 range, raising $531 million.

The shares fell $2.15 to close at $14.85 on their first day at the New York Stock Exchange.

Citigroup, Deutsche Bank and UBS Investment Bank were the lead managers on the IPO.