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NEW YORK ( TheStreet -- The IPO market continues to deliver a full slate of offerings, and this week is no exception.

Year-to-date, 361 IPOs have priced, a 247% increase over 2009. While not all have delivered great performance, these new offerings have so far delivered a 17% return on average.

Chinese IPO's have been particularly well received by investors, the latest entry being Xueda Education Group ( XUE). The buzz around this company was a good indication of how it would perform in the aftermarket, as was the strong performance of other Chinese education companies, such as Ambow Education ( AMBO), which is up 28% since it went public; and TAL Education ( XRS) priced at $10 then shot up to $18 and is lately trading around $15.00.

Xueda was priced attractively to its peers and ended up going public at $9.50, higher than its expected range of $7.25-$9.25. The stock is already up 50% and lately trading over $13.00. The most established of the Chinese education companies is New Oriental Education ( EDU), which has jumped 58% for the past 12 months. Since the previous Chinese education companies performed so well in the aftermarket, it was safe to assumed Xueda would also do well.

IPO Desktop's Francis Gaskins points out which offerings have the highest chance of success this week. He dives deep into the offering language to find out whether the company is a private equity bailout or a company that will reward investors.

SodaStream International ( SODA):

SodaStream sells a home carbonation device business and the question is how big is this market? Demand globally is strong, but in the U.S. where the municipal tap water is pretty good, the public may not feel the need to spend $100 on the machine.

Plus, there is an inconvenience factor of replacing CO2 cylinders. Aside from that, Gaskins points out that for the six months ending June 30, income of $5.6 million included $2 million of "other non-specified income". That mystery income is troubling, Gaskins says.

Of the $82 million being raised through the offering, $35.1 million is going to repay debt and $34 million to build an additional manufacturing facility with $2.4 million in termination fees to Fortissimo Capital. Gaskins' take: "It's an interesting niche market, but they have to really crank the sales."

SinoTech Energy Limited ( CTE):

SinoTech provides enhanced oil recovery services to large oil and gas companies in China. On the positive side of the ledger, Gaskins says they hold several exclusive licenses and patents.

The risk is that the company competes with state-owned services divisions, which usually get preference. The favoritism to government owned companies is the reason there are few private companies in the space. The stock is priced at 16x annualized sales and 26x annualized EBITDA, which Gaskins thinks is a little high.

He also points out that SinoTech showed a significant loss for nine months ending in June, even though the EBITDA remained steady. "It's not growing that rapidly," Gaskins says.

Costamare ( CMRE):

Costamare is a Greek container shipping company. It's been very generous to existing stockholders, paying out roughly $400 million in 2008 and $131 million in 2009.

Also, according to Gaskins, when the company was supposed to be adding ships, it instead dropped from 53 to 41 ships.

Gaskins hasn't found much to like here. Three customers account for 70% of the company's revenue, which is down along with net income. Costamare says it intends to institute a 6.25% annual dividend, but the company has paid nothing so far in 2010. Plus, the use of proceeds is unclear. Investors will want to be very cautious with this IPO, Gaskins says.

Primo Water ( PRMW) sells three and five gallon jugs of water at places like Lowe's ( LOWE) and Wal-Mart ( WMT).

Bottled water, though, is a mature market with no new products or markets. The company is using $60 million of the proceeds from the offering to pay for its Culligan Refill Acquisition.

The Fresh Market ( TFM) is a high-growth specialty grocer. Gaskins notes that 100% of the proceeds are going to existing shareholders, essentially a private equity bailout.

The company competes with Trader Joesand Whole Foods ( WFMI). Trader Joes owns the Southern California market with 345 stores and Whole Foods covers the East Coast with 270 stores.

Fresh Market only has 100 stores and in Gaskins opinion can't expand as quickly as it says it can. Yet Fresh Markets is priced similar to Whole Foods. Also, the company is going public as the country is coming out of a recession. Consumers are spending less and buying private label foods as opposed to high end specialty foods. Gaskins says: "They don't seem to be a very aggressive company."

--Written by Debra Borchardt in New York.

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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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