IPO Monitor Announces Publication of 2003 Second Quarter Review

LOS ANGELES, July 2, 2003 (PRIMEZONE) -- IPO Monitor (www.ipomonitor.com), the nation's most followed site for analytical content involving the initial public and secondary offering marketplace, is proud to announce the release of its highly anticipated report chronicling the return of quality new issues for the second quarter of 2003.

The complete report, including analysis and comprehensive statistics, is available on the IPO Monitor Website: http://www.ipomonitor.com/reviews/2Q2003/.

The quarter's best performing IPO is iPayment, Inc. (Nasdaq:IPMT), currently trading at $23, up 49 percent from its offering price of $16 per share. The largest IPO of the quarter was American Financial Realty Trust (NYSE:AFR) raising nearly $700 million for the REIT. Since going public on June 25, AFR is up 17 percent.

In addition to comprehensive statistics, the report also includes analysis and commentary written by Jeffrey R. Hirschkorn, one of the Street's most visible professionals in the marketplace. "Deal flow may be at levels not since seen in the early 80s, but there's significant promise to a solid second half of 2003," said Jeff Stacey, the firm's Managing Director. "Our second quarter review discusses a new environment for IPOs and the impact of creating attractive valuations for investor interest."

To receive the IPO Monitor Quarterly Review visit www.ipomonitor.com and complete the newsletter subscription form. For press interviews, feel free to contact Jeffrey Hirschkorn at 516-581-3138 or send e-mail requests to jeffh@ipomonitor.com.


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