Daily IPO Wrap-up

BOSTON, Nov 16, 2007 (Thomson Financial via COMTEX) -- ETRM | charts | news | PowerRating -- The following is a list of recent IPO activity:

EnteroMedics Inc.'s 5 million share IPO priced at $8 a share, the low-end of the previously reduced $8 to $9 per share estimated range.

The St. Paul, Minn.-based medical device developer granted an option for underwriters to purchase an additional 750,000 shares to cover any over-allotments.

J.P. Morgan and Morgan Stanley acted as lead managers of the $40 million offering, the proceeds of which EnteroMedics plans to use for product approval and research and approval.

Shares opened flat on the Nasdaq Global Market under the symbol "ETRM" and rose 2 cents to $8.02 on volume of 942,000.

Virtual Radiologic Corp.'s 4 million share IPO priced at $17 a share, the middle of the $16 to $18 a share estimated range.

The Minnetonka, Minn.-based remote diagnostic image interpreter granted an option for underwriters to purchase an additional 600,000 shares to cover any over-allotments.

Goldman Sachs acted as lead manager of the $68 million offering, the proceeds of which Virtual will use to repay debt and for general corporate purposes.

Shares opened at $19 on the Nasdaq Global Market under the symbol "VRAD" and gained 20 cents to $19.20 on volume of 2.2 million.

EnergySolutions Inc.'s 30 million American Depository shares IPO priced at $23 a share, above the estimated $19 to $21 a share range.

The Salt Lake City-based provider of technology-based nuclear services granted an option for underwriters to purchase an additional 4.5 million depository shares to cover any over-allotments.

Credit Suisse, J.P. Morgan, and Morgan Stanley acted as lead managers of the $690 million offering, the proceeds of which EnergySolutions will use to repay debt.

Shares opened flat on the New York Stock Exchange under the symbol "ES" and gained 5 cents to $23.05 on volume of 18.2 million.

MSCI Inc.'s 14 million share IPO priced at $18 a share, the top of the previously increased $16 to $18 a share range.

The New York-based provider of investment decision support tools granted an option for underwriters to purchase an additional 2.1 million shares to cover any over-allotments.

Morgan Stanley acted as lead manager of the $252 million offering, the proceeds of which MSCI will use to pay a portion of the demand note held by Morgan Stanley.

Shares opened at $23 on the New York Stock Exchange under the symbol "MXB" and gained 47% to $26.41 on volume of 1 million.

CGEN Digital Media Co. filed for a $100 million initial public offering.

The Shanghai, China-based in-store television advertising network operator listed Piper Jaffray as lead manager of the deal.

CGEN said it plans to use the proceeds from the offering for network expansion and system enhancements.

The company filed to list on the Nasdaq Global Market under the symbol "ADTV."

MagnaChip Semiconductor LLC filed for a $575 million initial public offering.

The Luxembourg-based analog and mixed-signal semiconductor manufacturer listed Goldman Sachs, UBS, and Credit Suisse as lead managers of the deal.

MagnaChip said it plans to use the proceeds to repay debt and repurchase its preferred stock shares.

The company filed to list of the New York Stock Exchange under the symbol "MX."

Global Ship Lease Inc. postponed its 18.8 million share IPO, citing current market conditions as reason for the move.

Affinion Group Holdings Inc. withdrew its proposed initial public offering.

The Connecticut-based provider of marketing services and loyalty programs had planned to sell 32.5 million shares with an estimated price range of $15 to $17 per share.

No reason was given for the withdrawal in its filing with the SEC.

Greg Saulnier gs/cm

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