IPO Profiles, December 2007

ChinaEdu Corp.

• Beijing, ZF
• 86-10-8391-5888
• www.chinaedu.net

Exchange and Ticker: Nasdaq: CEDU

Filing Range: 5.46M shares @ $10.00 to $12.00

Offering Price: $10.00

Close on First Day: $9.07

Offering Size: $68.20M

Shares Outstanding: 58,434,407

Underwriter: Bear Stearns & Co. Inc.

Co-managers: Piper Jaffray Cos./ CIBC World Markets Inc.

Company Counsel: Hogan & Hartson

Manager Counsel: Cleary Gottlieb Steen & Hamilton

Auditor: Deloitte Touche Tohmatsu

Market Capitalization on 12/31/07: $496.69M

Close price at current month end: $8.50

COMPANY DESCRIPTION

The company is an online degree services provider. In addition to its online degree programs, ChinaEdu also runs private primary and secondary schools, offers online tutoring programs and markets and distributes education content.

VENTURE BACKERS

Bessemer Venture Partners, McGraw-Hill Ventures, SIG Asia Investments, Tiger Global, UOB Venture Management Pte Ltd.

Source: Thomson FinancialEntropic Communications Inc.

• San Diego, Calif.
• (858) 625-3200
• www.entropic.com

Exchange and Ticker: Nasdaq: ENTR

Filing Range: 8.00M shares @ $9.00 to $11.00

Offering Price: $6.00

Close on First Day: $7.40

Offering Size: $48M

Shares Outstanding: 67,614,775

Underwriters: Credit Suisse/ Lehman Brothers

Co-managers: Thomas Weisel Partners / JMP Securities / ThinkEquity Partners/ Montgomery & Co./ Morgan Keegan Inc./ Signal Hill Capital Group

Company Counsel: Cooley Godward LLP

Manager Counsel: Davis Polk & Wardwell

Auditor: Ernst & Young LLP

Market Capitalization on 12/31/07: $492.24M

Close price at current month end: $7.28

COMPANY DESCRIPTION

Provides semiconductor products and system solutions for enterprise and residential broadband communications. The company’s initial chip design is a mixed-signal SOC, which includes an amount of RAM. This results in a design based on the combination of imported cores for control and various interfaces and Entropic’s internally developed logic. Its competitors include Broadcom, Freescale Semiconductor and LSI Logic.

VENTURE BACKERS

Anthem Venture Partners, Cisco Systems, CMEA Ventures, Comcast Interactive Capital, Focus Ventures, Intel Capital, Liberty Associated Partners, Mission Ventures, Motorola Ventures, Panasonic Ventures, Redpoint Ventures, Revolution Ventures, Time Warner Investments, YAS Broadband Ventures

Source: Thomson FinancialIntellon Corp.

• Ocala, Fla.
• (352) 237-7416
• www.intellon.com

Exchange and Ticker: Nasdaq: ITLN

Filing Range: 7.50M shares @ $9.00 to $11.00

Offering Price: $6.00

Close on First Day: $6.75

Offering Size: $45M

Shares Outstanding: 29,945,227

Underwriter: Deutsche Bank Securities Corp.

Co-managers: Jefferies & Co. Inc./ Piper Jaffray Cos./ Oppenheimer & Co. Inc.

Company Counsel: Proskauer Rose LLP

Manager Counsel: Ropes & Gray

Auditor: Ernst & Young LLP

Market Capitalization on 12/31/07: $225.79M

Close price at current month end: $7.54

COMPANY DESCRIPTION

Designs and sells integrated circuits for powerline communications, providing HomePlug-compliant and other powerline ICs for home networking, networked entertainment, commercial and broadband over powerline (BPL) applications. Competitors include Broadcom, Intel, Afa Technologies, Inc., Maxim Integrated Products, Gigle Semiconductor, Entropic Communications, Marvell Technology Group Ltd., Pulse-Link and Texas Instruments.

VENTURE BACKERS

AMP Inc., BCE Capital, Boston Capital Ventures, Comcast Interactive Capital, Crescendo Venture Management, Duchossois Technology Partners, EnerTech Capital, Fidelity Investments, Fidelity Ventures, Goldman Sachs & Co., Hewlett Packard, Hydro-Quebec CapiTech Inc., Intel Capital, Kinetic Ventures, Liberty Associated Partners, Motorola Ventures, Philips Venture Capital, Samsung Venture Investment Corp., TL Ventures, UMC Capital

Source: Thomson FinancialK12 Inc.

• Herndon, Va.
• (866) 283-0300
• www.k12.com

Exchange and Ticker: NYSE: LRN

Filing Range: 4.45M shares @ $16.00 to $18.00

Offering Price: $18.00

Close on First Day: $25.50

Offering Size: $108.00M

Shares Outstanding: 27,208,225

Underwriters: Morgan Stanley/ Credit Suisse

Co-managers: Merrill Lynch/ Robert W Baird & Co. Inc./ BMO Capital Markets/ ThinkEquity Partners

Company Counsel: Latham & Watkins

Manager Counsel: Davis Polk & Wardwell

Auditor: BDO Seidman LLP

Market Capitalization on 12/31/07: $703.88M

Close price at current month end: $25.87

COMPANY DESCRIPTION

Provides education curricula and learning programs. The company provides online and offline product and service offerings in the field of K-12 education. K-12 has created a learning program that includes lessons in traditional subjects, academic assessments and planning and progress tools delivered through the K12 Online School. Competitors include Connections Academy, White Hat Management, National Network of Digital Schools, McGraw-Hill Companies, Harcourt, Pearson, Houghton Mifflin Riverdeep Group, Apollo Group, Pearson and Kaplan.

VENTURE BACKERS

Constellation Ventures

Source: Thomson FinancialMEMSIC Inc.

• Andover, Mass.
• (978) 738-0900
• www.memsic.com

Exchange and Ticker: Nasdaq: MEMS

Filing Range: 6.00M shares @ $11.00 to $13.00

Offering Price: $10.00

Close on First Day: $10.00

Offering Size: $60M

Shares Outstanding: 22,615,714

Underwriters: Citi

Co-managers: Jefferies & Co. Inc./ Needham & Co. Inc./ Thomas Weisel Partners

Company Counsel: Commerce & Finance Law Offices

Manager Counsel: Global Law Office

Auditor: Ernst & Young LLP

Market Capitalization on 12/31/07: $229.10M

Close price at current month end: $10.13

COMPANY DESCRIPTION

Designs and manufactures micromachined mixed signal integrated circuits. The company’s circuits are built in non-dedicated CMOSS fabrication plants. It is designing advanced technologies that can monolithically integrate micro-electro-mechanical structures with standard CMOS mixed signal circuitry on a single silicon chip. It competes with Analog Devices.

VENTURE BACKERS

Asian Pacific Capital, Celtic House Venture Partners, GSIF Corp., IDG Technology Venture Investment, InveStar Capital, Ironside Capital Group, Still River Fund

Source: Thomson FinancialNetSuite Inc.

• San Mateo, Calif.
• (650) 627-1000
• www.netsuite.com

Exchange and Ticker: NYSE: N

Filing Range: 6.20M shares @ $13.00 to $16.00

Offering Price: $26.00

Close on First Day: $35.50

Offering Size: $161.20M

Shares Outstanding: 59,510,706

Underwriter: Credit Suisse

Co-managers: WR Hambrecht & Co./ E*Trade Securities Inc./ JMP Securities

Company Counsel: Wilson Sonsini Goodrich & Rosati

Manager Counsel: Simpson Thacher & Bartlett

Auditor: KPMG LLP

Market Capitalization on 12/31/07: $2,331.63M

Close price at current month end: $39.18

COMPANY DESCRIPTION

The company provides on-demand enterprise resource planning and customer relationship management application software for small and medium-sized businesses. Its online products and professional services enable its customers to manage business operations in a single hosted system, including customer relationship management, order fulfillment, inventory, accounting and finance, product assembly, ecommerce, website management, and employee productivity. Competitors include Epicor Software, Intuit, Microsoft, SAP, The Sage Group plc and Salesforce.com.

VENTURE BACKERS

Cross Atlantic Capital Partners, StarVest Partners

Source: Thomson FinancialOrion Energy Systems Inc.

• Plymouth, Wis.
• (920) 892-9340
• www.oriones.com

Exchange and Ticker: Nasdaq: OESX

Filing Range: 5.70M shares @ $12.00 to $14.00

Offering Price: $13.00

Close on First Day: $17.49

Offering Size: $100.00M

Shares Outstanding: 25,399,265

Underwriter: Thomas Weisel Partners

Co-managers: Canaccord Adams/ Pacific Growth Equities Inc.

Company Counsel: Foley & Lardner

Manager Counsel: Latham & Watkins

Auditor: Grant Thornton LLP

Market Capitalization on 12/31/07: $478.01M

Close price at current month end: $18.82

COMPANY DESCRIPTION

Provides energy lighting systems to commercial/industrial customers as a replacement for sodium arc/halogen lighting in high ceiling environments . The company designs, manufactures and implements energy management systems comprised of the HIF lighting system, InteLite intelligent lighting controls, Apollo Light Pipe (which collects and focuses daylight and consumes no electricity), and energy management services. Competitors include Cooper Industries Ltd., Ruud Lighting, Acuity Brands, Graybar Electric Co., Gexpro, W.W. Grainger, Johnson Controls,

Inc. and Honeywell International.

VENTURE BACKERS

Capvest Venture Fund, Expansion Capital Partners, GE Capital Equity Investments

Source: Thomson FinancialVanceInfo Technologies Inc.

• Haidian District, Beijing, ZF
• 86-10-8282-5266
• www.vanceinfo.com

Exchange and Ticker: NYSE: VIT

Filing Range: 6.30M shares @ $7.50 to $9.50

Offering Price: $8.50

Close on First Day: $9.50

Offering Size: $65.00M

Shares Outstanding: 36,051,407

Underwriters: Citi/ Merrill Lynch

Co-managers: Jefferies & Co. Inc./ Susquehanna Financial Group

Company Counsel: Latham & Watkins

Manager Counsel: Cleary Gottlieb Steen & Hamilton

Auditor: Deloitte Touche Tohmatsu

Market Capitalization on 12/31/07: $324.46M

Close price at current month end: $9.00

COMPANY DESCRIPTION

Operates as an offshore software development service provider. The company provides IT outsourcing services to Asia Pacific, North American and European clients as well as multinationals in China. VanceInfo offers solutions in high tech, financial services, manufacturing, retail and distribution and telecommunications. It delivers services to global clients in enterprise solutions, application development and maintenance, BI/DW, software product development, QA and testing and localization services. Competitors include Achievo, Chinasoft International, DHC, Hisoft, Neusoft, SinoCom, Cognizant, HCL, Infosys, Satyam, Symphony, TCS and Wipro.

VENTURE BACKERS

DCM, Legend Capital, Sequoia Capital

Source: Thomson Financial