IPOs Heat Up By David Peltier About this article: The IPO market heated up again Thursday, with the first three offers since last week's Orbcomm disaster. The satellite company dropped below $8 a share today, and is nearly 30% below its IPO price. Today's largest offering, investment bank KBW, was also the most successful. Better known as Keefe, Bruyette & Woods, the company issue was up about 29% after pricing 6.8 million shares at $21. Ironically, KBW was the lead banker on its own deal, along with Merrill Lynch. Physicians Formula also priced 7.5 million shares overnight at $17, which was at the high end of the expected range. The company claims it's one of the 10 largest U.S. cosmetics companies in the mass-market channel. Physicians' revenue grew 18% year-over-year in the first half of 2006, as the company had about 7% share of its market. The stock posted a double-digit gain, despite closing 2 points lower... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200. More Stories From RealMoney Durable Goods Up Move Down the Tech Food Chain Jobless Claims Still High Bulls' Tenacity Is the Big Question Mark Should You Buy It? Pharmaceutical Product Development Bad News Trumps All Support for Banks Holds, For Now Bummer, Yields Are on the Rise Money on the Line Makes a Big Difference Structured Products: Unsafe at Any Price MORE STORIES FROM REALMONEY

If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.

Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.

If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.

TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.

© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.