Weekly Tech Capital Markets Update 11/30/10

(All $ values in millions unless otherwise noted) Denotes transaction advised by Morgan Keegan

Key Completed Street Offerings in the Prior Week

Type of Price Last / Final Offer Day Day 1
Issuer Sector Offering Size at File ($) Range ($) Price ($) Open ($) 1 Close ($) % Change
Tutor Perini Industrial FO $ 87.8 $ 22.05 $ 19.98 $ 19.50 $ 19.18 $ 19.23 (1.4%)
Anacor Pharmaceuticals Healthcare IPO 60.0 16.00-18.00 5.00 5.00 5.09 1.8%
Zogenix Healthcare IPO 56.0 12.00-14.00 4.00 5.00 3.98 (0.5%)
L&L Acquisition Finance (SPAC) IPO 40.0 10.00-10.00 10.00 10.00 10.00 0.0%
Telestone Technologies Media/Telecom FO 20.1 14.13 14.13 12.00 12.36 12.00 0.0%

Key Pending Offerings in the Week Ahead

Type of Price Last / Current
Issuer Sector Offering Size at File ($) Range ($) Timing
FXCM Finance IPO $ 242.5 $13.00-$15.00 Wednesday
SPS Commerce Technology FO 47.0 14.24 $ 12.31 Thursday
First BanCorp (Puerto Rico) Finance (Bank) FO 500.0 0.34 0.26 Week of 11/29

Key Transactions (IPO / Follow-on) Filed in the Prior Week

Type of Financial Sponsor (IPO) / Filing
Issuer Sector Offering Size Selling Shareholder (FO) Date
RealD Technology FO $ 248.7 11/22/10
iSoftStone Technology IPO 50.0 11/23/10
Kinder Morgan Energy (MLP) IPO 1,500.0 Shamrock Holdings 11/23/10
First Republic Bank Finance (Bank) IPO 258.0 Carlyle / Goldman / Highstar 11/24/10
Xenith Bankshares Finance (Bank) FO 42.0 Colony Capital / General Atlantic 11/24/10
RigNet Technology IPO 75.0 11/29/10

Key Completed Private Capital Financings - Technology & Clean Technology Key Announced Mergers and Acquisitions - Technology & Clean Technology
Capital Transaction Date
Issuer Raised Investors Date Target Acquirer Currency Size Announced
Light In The Box $ 35.0 Trust Bridge Partners 11/23/10 CPI International Veritas Capital Cash $ 376.9 11/26/10
Welocalize 34.0 Riverside Partners 11/23/10 Wireless Generation News Corp. Cash 360.0 11/23/10
Azzurro 19.2 Emerald Technology Ventures / Good Energies / + 11/29/10 NPG Cable Suddenlink Communications Cash 350.0 11/29/10
Scale Computing 17.0 Scale Venture Partners / Northgate Capital / + 11/23/10 Voltaire Mellanox Technologies Cash 212.8 11/29/10
Aquamarine Power 13.0 ABB Technology Ventures / SSE Venture Capital 11/24/10 Stork Materials Technology 3i Group Cash 205.0 11/24/10
Data Center Planning Co. 12.0 NGEN Partners / Balderton Capital / + 11/23/10 Matrix Financial Solutions Broadridge Financial Solutions Cash 201.0 11/23/10
GarrettCom Belden Cash 52.0 11/23/10

Snapshot of Last 10 IPOs

Offer Current % Change Issue
Issuer Sector Size Price ($) Price ($) Off. / Curr. Date
Anacor Pharmaceuticals Healthcare $ 60.0 $ 5.00 $ 5.09 1.8% 11/23/10
Zogenix Healthcare 56.0 4.00 4.00 0.0% 11/22/10
Aeroflex Holding Technology 232.9 13.50 14.33 6.1% 11/18/10
LPL Investment Holdings Finance (SPAC) 516.7 30.00 32.90 9.7% 11/17/10
JWC Acquisition Finance (SPAC) 125.0 10.00 10.01 0.1% 11/17/10
General Motors Transportation 15,774.0 33.00 33.80 2.4% 11/17/10
Booz Allen Hamilton Holding Professional Services 238.0 17.00 19.82 16.6% 11/16/10
Australia Acquisition Finance (SPAC) 64.0 10.00 9.99 (0.1%) 11/16/10
Inphi Technology 87.5 12.00 15.48 29.0% 11/10/10
Complete Genomics Healthcare 516.7 9.00 7.76 (13.8%) 11/10/10

Mike MacKeen
617-375-4207
mike.mackeen@morgankeegan.com