Charter Communications (CHTR) Message Board

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Technology Stocks : Charter Communications (CHTR)

CHTR 223.56

-0.2%

Feb 5 3:59 PM EST

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To: Mary Baker who wrote (476)	11/11/1999 9:13:00 PM
From: AmericanVoter	of 2437

Thread, please correct me if I am wrong... but if 25.5 M shares were bought to cover over-allotment, then the Lead underwriter is exercising an option to buy them at IPO price and allotting them at IPO price to the different co-managers... it only means that demand was high by at least that much... I would tend to think that it would be highly illegal for any other underwriter to keep the shares on their books or even sell them at current market... that would be in-your-face thievery... best regards amein

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