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Technology Stocks : Buying IPOs on the open market

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To: Marshall001 who wrote (129)7/29/1999 10:50:00 AM
From: rdmsqito  Read Replies (2) of 5529
 
From Bloomberg-

IPO News
Thu, 29 Jul 1999, 10:46am EDT
Net2Phone's Initial 5.4 Mln Common Shares Priced At 15
By Paul Accetta
Hackensack, New Jersey, July 29 (Bloomberg) -- Following are the details
from Net2Phone Inc.'s initial public offering of 5.4 million common shares at
a price of 15.

Company: Net2Phone Inc.
Lead Manager: Hambrecht & Quist
Common: 5.4 million
Price: $15
Amount: $81 million
Gross Spread: $1.05
Selling Concession: $.60
Underwriting Fee: $.21
Management Fee: $.24
Reallowance: $.10
Trade Date: July 29, 1999
Settle Date: Aug. 3, 1999
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