osed the position locking in 1.67 EFTA00428659 Secondaries (announced/priced): BGCP IPO's: Restoration Hardware (1528849) files $150M IPO through Bofa & GS, Wellesley Bancorp (WEBK) files 2.76M shares through Sandler Key Research: MS initiates ALGN (uw) & XRAY/TFX (ew) & HRC/SIRO (ow), Baird upgrades I

VELT IPO's (filed/priced): Latrobe Specialty Metals (LAT) files $175M through CS, FBR, Jefferies & KeyBanc, Cloudary (1518239) files $200M through Bofa & GS, Active Network (ACTV) 11M shares priced at $15 Key Research: Moke adds RFMD to focus list, BGB Securities initiates AJG & BRO (buys), GS downgrad