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Hoover's IPO Scorecard Reveals 580% Increase in Public Offerings for Second Half of 2003.

AUSTIN, Texas, Jan. 2 /PRNewswire/ -- Hoover's, Inc., a leading provider of business information and publisher of Hoover's Online ( ), today announced a 580% increase in U.S. IPOs in the second half of 2003, according to Hoover's latest IPO Scorecard ( ). A year-over-year comparison indicates there were 79 U.S. IPOs offered in 2003, which raised $16 billion, compared to 76 IPOs in 2002, which raised $22 billion.

Year-in-Review from Hoover's IPO Scorecards

Q1 2003: January ushered the first "IPO-less" month since the 1970s. For the first quarter in more than a decade, U.S. IPOs raised less than $1 billion, with only five companies going public in Q1 2003.

Q2 2003: For the second quarter in a row, only five IPOs hit the market in Q2 2003. By quarter's end, all but one of the companies that went public at the end of Q2 were trading at or above their offer price.

Q3 2003: The IPO filings docket also saw a surge, as 46 companies filed to go public. For the first time since Q4 2002 the number of quarterly IPOs pushed into the double digits, with 20 companies going public.

Q4 2003: Forty-nine companies went public this quarter, surpassing the number of IPOs for the previous three quarters of the year combined. Twenty- three IPOs began trading in December.
 Additional Findings from Hoover's IPO Scorecard for Q4 2003:

 -- Top Ten Best-Returning IPOs for Q4: Offer Q4 Close Return International, Ltd. $18.00 $34.01 89%
 Kintera, Inc. $7.00 $12.40 77%
 China Life Insurance Company Limited $18.70 $32.97 76%
 Buffalo Wild Wings, Inc. $17.00 $25.87 52%
 Universal Technical Institute, Inc. $20.50 $30.00 46%
 Tessera Technologies, Inc. $13.00 $18.81 45%
 International Steel Group Inc. $28.00 $38.95 39%
 LKQ Corporation $13.00 $17.95 38%
 The First Marblehead Corporation $16.00 $21.88 37%
 LECG Corporation $17.00 $22.89 35%

 -- Best First-Day Gain: International, Ltd. 89%
 Worst First-Day Drop: NitroMed, Inc. -16%

 -- December 2003 was the busiest month for IPO pricings since October
 2000, with underwriters issuing 14 IPOs the week of December 15.
 That week proved to be the busiest IPO week since mid-September 2000.

"The market saw a crush of filings in Q3 as the Dow teased 10,000, which resulted in a swell of pricings in Q4, the most since Q4 2000," said Justin Burrows, Hoover's money editor. "Both fourth quarters had a similar number of offerings and similar first-day gains; however, a broader range of industries was represented in Q4 2003, whereas Q4 2000 focused on technology and energy issues."

Hoover's provides continuously updated information about thousands of private and public companies worldwide and analyzes the IPO market daily to produce the quarterly IPO Scorecard, a regular wrap-up of IPO activity, released on the IPO Central section of Hoover's Online. Each IPO Scorecard includes an assortment of facts selected by Hoover's editors for those following the IPO market, including the best- and worst-performing IPOs and the biggest one-day jumps and drops in the first day of trading.

About Hoover's, Inc. -- The Business Information Authority(SM)

Hoover's, Inc., a subsidiary of D&B, is a leading provider of business information. Hoover's provides authoritative, updated information for sales, marketing, business development, and other professionals who need intelligence on U.S. and global companies, industries, and the people who shape them. This information, along with powerful tools to search, sort, download and integrate the content, is available through Hoover's Online ( ), the company's premier online service. Hoover's business information is also available through corporate intranets and distribution agreements with licensees, as well as via print and CD-ROM products.
 Contact: Lisa Glass
 Public Relations
 Hoover's, Inc.
 512 / 374-4662

CONTACT: Lisa Glass, Public Relations of Hoover's, Inc., +1-512-374-4662, or

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Geographic Code:1USA
Date:Jan 2, 2004
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