Hoover's IPO Scorecard Shows 90% of U.S. Companies that went Public in 2003 are Currently Trading At Or Above Offer Price

FOR IMMEDIATE RELEASE

Hoover's IPO Analysis for Second Quarter 2003 now Available on Hoover's IPO Central

AUSTIN, TEXAS - July 1, 2002 - Hoover's latest IPO Scorecard shows that all but one of the U.S. companies that have gone public this year are currently trading at or above their offering price. To put this in perspective, however, this encompasses a grand total of only ten companies. Only five U.S. enterprises went public in the second quarter of 2003, raising some $1.6 billion, compared to 29 IPOs during the same quarter in 2002, which raised $4 billion. Hoover's IPO Scorecard (www.hoovers.com/ipo/scorecard) is published by Hoover's, Inc., a leading provider of business information and publisher of Hoover's Online (www.hoovers.com).

From Hoover's IPO Scorecard for the second quarter 2003:

• In the final days of Q2 2003, two REITs (real estate investment trusts), Maguire Properties, Inc. (NYSE: MPG) and American Financial Realty Trust (NYSE: AFR), launched their IPOs, which raised some $1.4 billion -- an amount surpassing the total raised by all other 2003 IPOs combined.
• FormFactor, Inc. (NASDAQ: FORM) is the first IPO from the semiconductor sector since 2001, and also lays claim to being the first newly public company to list the SARS disease as a risk factor in its SEC filings. Amid clamoring demand from IPO-starved investors, FormFactor boosted its expected initial offering price, as well as the number of shares being offered, just prior to pricing.

The IPOs for Q2:

	Offer	Q2 Close	Return
iPayment, Inc. (NASDAQ: IPMT)	$16.00	$23.84	49%
FormFactor, Inc. (NASDAQ: FORM)	$14.00	$ 17.70	26%
American Financial Realty Trust (NYSE: AFR)	$12.50	$ 14.91	19%
Maguire Properties, Inc. (NYSE: MPG)	$19.00	$19.25	1%
Redline Performance Products, Inc. (AMEX: RED)	$4.50	$ 4.50	0%

As uncertainty over the war in Iraq lifted and the broader markets displayed some upward mobility, the IPO Scorecard indicates that the U.S. IPO market remains weak, and pricings are likely to remain few and far between -- particularly as the IPO market takes its traditional summer break."

"Investors anxiously await 'the big one,'" said Justin Burrows, Hoover's money editor. "Many are hoping for Google, though the company has yet to file and has made no indication of an imminent offering. Business software firm and fellow IPO candidate Crystal Decisions is more likely to make a splash in the coming IPO season."

Burrows continued, "There's a lot of talk about Google going public -- coming from everywhere except Google. Of course, the piles of cash an IPO could unlock in a recovering market might change anyone's mind. Meanwhile, we're seeing hot offerings like FormFactor really wowing investors and generally lightening the mood of a glum IPO market."

Hoover's staff -- in addition to providing continuously updated information about thousands of private and public companies worldwide -- analyzes the IPO market each day 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: the best- and worst-performing IPOs, the biggest one-day jumps and drops in the first day of trading; the quarter's "Happy CEOs" (a list of the richest CEOs based on post-IPO paper value); and "Money Left on the Table," which compares underwriter pricings to actual first-day trading prices.

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Hoover's, Inc., a subsidiary of D&B (NYSE: DNB), is a leading provider of business information. Hoover's provides authoritative, up-to-date 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 (www.hoovers.com), 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.

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