IPOs

The IPO for American Capital Agency (Nasdaq: AGNC) is open for trading. The stock is trading at $19.35 after pricing 10,000,000 shares at $20.00. All of the shares were offered directly by the company.

Citi and Merrill Lynch & Co. are the joint book-runners for the offering. Credit Suisse, Deutsche Bank Securities and Morgan Stanley are joint lead managers and Banc of America Securities LLC, HSBC, JMP Securities and RBC Capital Markets are co-managers for the offering.

Concurrently with the Company's initial public offering, American Capital Strategies, Ltd. (Nasdaq: ACAS) has agreed to purchase $100 million (or 5,000,000 shares) of the Company's common stock at the initial public offering price in a private placement.

American Capital Agency Corp. is a newly-organized Delaware corporation formed to invest exclusively in single-family residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity.

The IPO for Verso Paper Corp. (NYSE: VRS) is open for trading. The stock is trading at $10.53, after pricing 14,000,000 shares at $12.00 per share, this was in-line with the lowered target (cut from $16-$18).

All of the shares are being sold by Verso Paper. In addition, Verso has granted the underwriters a 30-day option to purchase an additional 2,100,000 shares of common stock

Credit Suisse Securities (USA) LLC and Citigroup Global Markets Inc. acted as joint bookrunning managers for the offering, and Deutsche Bank Securities Inc., J.P. Morgan Securities Inc., Lehman Brothers Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. Incorporated and Utendahl Capital Partners, L.P. acted as co-managers.

Based in Memphis, Tennessee, Verso Paper is a leading North American producer of coated papers, including coated groundwood and coated freesheet, and supercalendered products.

Verso Paper Corp. (NYSE: VRS) announced that the initial public offering of 14,000,000 shares of its common stock has been priced at $12.00 per share, this was in-line with the lowered target (cut from $16-$18). The stock is expected to start trading after the market open today on the NYSE.

All of the shares are being sold by Verso Paper. In addition, Verso has granted the underwriters a 30-day option to purchase an additional 2,100,000 shares of common stock

Credit Suisse Securities (USA) LLC and Citigroup Global Markets Inc. acted as joint bookrunning managers for the offering, and Deutsche Bank Securities Inc., J.P. Morgan Securities Inc., Lehman Brothers Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. Incorporated and Utendahl Capital Partners, L.P. acted as co-managers.

Based in Memphis, Tennessee, Verso Paper is a leading North American producer of coated papers, including coated groundwood and coated freesheet, and supercalendered products.

Verso Paper Corp. (NYSE: VRS) has filed an amended registration statement with the SEC for an initial public offering of its common stock. The Company is offering 18,750,000 shares and expects the new offering price to be $12 per share. The Company plans to list on the NYSE under the symbol "VRS".

The offering is being made through Credit Suisse, Citi, Deutsche Bank Securities, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley and Utendahl Capital Partners.

Verso Paper is a leading North American supplier of coated papers to catalog and magazine publishers. The market for coated paper, which is comprised of coated groundwood paper and coated freesheet paper, is one of the most attractive segments of the paper industry due to its prospects for volume growth, continued improvement in pricing and the high value-added nature of its products.

Metastorm (Nasdaq: MSTM) filed a registration statement with the SEC for an initial public offering of its common stock. The proposed maximum aggregate offering price is $86.25 million. The company plans to list on the NASDAQ under the stock symbol "MSTM".

The offering is being made through Jefferies & Company, Oppenheimer, Needham & Company, JMP Securities and Craig-Hallum Capital Group.

Metastorm is a provider of enterprise architecture modeling, business process analysis and business process management software, which it calls Metastorm Enterpriseâ„¢.