IPO Boutique Recommendations	IPO Boutique Rating	IPO's	IPO's On Target	% On Target	Average % Gain
STRONGEST BUY	5	13	13	100%	82%
STRONG BUY	4	118	115	97%	36%
MODERATE BUY	3	205	169	83%	20%
NEUTRAL	2	231	N/A	N/A	8%
AVOID	1	50	43	86%	4%