Secondary Production Picks Up Speed - TheStreet

Just like IPOs, secondary production is running at break-neck speed. I am seeing 17 deals slated to price this week -- five of these were priced last night and will trade this morning. Here's the rundown:

  • KERR MCGEE CORP (KMG:NYSE) priced 7,500,000 shares at $50.0625
  • LIFEMINDERS COM INC (LFMN:OTC) priced 3,050,000 shares at $33
  • MPOWER COMMUNICATIONS INC (MPWR:OTC) priced 5,385,000 shares at $54
  • NETWORK SOLUTIONS INC (NSOL:OTC) priced 7,730,000 shares at $247
  • TWEETER HOME ENTERTAINMENT GROUP INC (TWTR:OTC) priced 2,550,000 shares at $32

The rest are, shall we say, on tap. Let's have a look:

Ben Holmes is the founder of ipoPros.com, a Boulder, Colo.-based research boutique (now a wholly-owned subsidiary of TheStreet.com) specializing in the analysis of equity syndicate offerings. This column is not meant as investment advice; it is instead meant to provide insight into the methods of new and secondary offerings. Neither Holmes nor his firm has entered indications of interest in any of the companies discussed in this column. Holmes' This Week in IPOs column appears Sundays, This Week's Secondaries appears Tuesdays, Upcoming Lockup Expirations appears Wednesdays and The Quiet Period appears on Fridays. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Holmes appreciates your feedback at

bholmes@thestreet.com.