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Biotech / Medical : VaxGen Inc.-The 1st AIDS Vaccine in Phase 3 HumanTrials

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To: GPSite who wrote (19)6/7/1999 1:54:00 PM
From: William Stanton  Read Replies (4) of 250
 
I'm not afraid to guess on the IPO price.

I took an informal survey of average people, all of whom had annual incomes under 50K -- I told them briefly about the company and the product, the risks and potential rewards.

There were no people who would not pay $50 per share for the stock. 30% would pay up to $90 per share; 52% would pay up to $75.

I think that GPSite's point concerning the prices of Entremed and Centocor are well taken.

The public will pay, big-time for this IPO. It will be a BREAKTHROUGH IPO for Biotechs.

The IPO goes to 50, day one -- to 100 within a month.
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