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Technology Stocks : Value America (VUSA) - Another eBay?
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To: purecntry5 who wrote (195)4/1/1999 7:43:00 PM
From: Keith J   of 734
 
This is not your regular IPO. It's a new system for distributing IPOs. Nandu opened a thread on it. Basically, there's a million shares available to be purchased. So, if 20,000 people bid 100 shares each, the bids will be ordered from high price to low price (that's why we had to put in a limit order, and not just at the offering price), and the 10,000 people who put in the highest bids will get the shares - all at the lowest winning bid.

KJ
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