IPOs

The IPO for LogMeIn (Nasdaq: LOGM) is open for trading. Shares are trading at $20.12 after pricing 6,666,667 shares at $16.00 per share, the high end of the expected $14.00-$16.00 range.

Of the 6,666,667 shares being offered to the public, 5,000,000 shares are being offered by LogMeIn and 1,666,667 shares are being offered by selling stockholders. In addition, the underwriters have a 30-day option to purchase up to an additional 1,000,000 shares to cover over-allotments, if any.

Joint book-running managers on the offering are J.P. Morgan Securities Inc. and Barclays Capital Inc. Thomas Weisel Partners LLC, Piper Jaffray & Co., and RBC Capital Markets Corporation are acting as co-managers on the offering.

LogMeIn provides on-demand, remote-connectivity solutions to small and medium-sized businesses, or SMBs, IT service providers and consumers.

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Skystar Bio-Pharmaceutical Co., Ltd. (NASDAQ: SKBI) announced that it has priced its public offering of 1,400,000 shares of common stock. Skystar has granted the representative of the underwriters a 45-day option to purchase up to an additional 210,000 shares of common stock. The shares were offered to the public at $12.98 per share. The offering is expected to settle and close on July 7, 2009, subject to customary closing conditions. Net proceeds from the offering are expected to be used for the completion of a new vaccine facility; the construction of a new production facility for micro-organisms and feed additives; acquisitions of other companies in the veterinary healthcare industry; and working capital and general corporate purposes, including research and development and marketing.

Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc. (NASDAQ: RODM) acted as sole book-running manager for the offering.

LogMeIn (Nasdaq: LOGM) announced the initial public offering of 6,666,667 shares of its common stock at a price to the public of $16.00 per share, the high end of the expected $14.00-$16.00 range. Shares will begin trading later today on the NASDAQ under the symbol "LOGM."

Of the 6,666,667 shares being offered to the public, 5,000,000 shares are being offered by LogMeIn and 1,666,667 shares are being offered by selling stockholders. In addition, the underwriters have a 30-day option to purchase up to an additional 1,000,000 shares to cover over-allotments, if any.

Joint book-running managers on the offering are J.P. Morgan Securities Inc. and Barclays Capital Inc. Thomas Weisel Partners LLC, Piper Jaffray & Co., and RBC Capital Markets Corporation are acting as co-managers on the offering.

LogMeIn provides on-demand, remote-connectivity solutions to small and medium-sized businesses, or SMBs, IT service providers and consumers.

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Last night, Genworth Financial, Inc. (NYSE: GNW) announced that its Canadian mortgage insurance subsidiary, Genworth MI Canada Inc., has priced its initial public offering in Canada of 44.7 million common shares at Cdn$19.00 per share. The closing is scheduled for July 7, 2009, subject to customary closing conditions, after which the shares of Genworth MI Canada will begin trading on the Toronto Stock Exchange under the symbol "MIC".

The IPO will generate net proceeds to Genworth Financial of approximately US$635-730 million (net of underwriting commissions, taxes and other items), depending on whether the over-allotment option granted by Genworth to the underwriters is exercised, and to what extent. In addition, as a result of the IPO, Genworth MI Canada will retire all outstanding debt and further enhance its well-capitalized financial position.

The over-allotment option granted by Genworth to the underwriters is exercisable for a period of 30 days following closing to purchase up to 6.7 million additional common shares at a price of Cdn$19.00 per share. If the underwriters' over-allotment option is exercised in full, Genworth Financial would have a 56 percent ownership interest in Genworth MI Canada Inc.

The IPO for Invesco Mortgage Capital Inc. (NYSE: IVR) is open for trading. Shares are trading at $19.48 after pricing 8,500,000 shares at at $20.

Credit Suisse and Morgan Stanley are serving as joint book-running managers. Barclays Capital, Keefe, Bruyette & Woods, Stifel Nicolaus, Jackson Securities, Siebert Capital Markets and The Williams Capital Group, L.P. are acting as co-managers.

Invesco Mortgage Capital Inc. is a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential and commercial mortgage-backed securities and mortgage loans.

Invesco Mortgage Capital Inc. is externally managed and advised by Invesco Institutional (N.A.), Inc., a subsidiary of Invesco Ltd. (NYSE: IVZ).

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