OT Gerald, Re: IPO allocations to individual investors & institutions
I found this article/company today (below):
What do you think of this? Will this firm only get the IPOs the established institutional underwriters don't want? Or, will this firm get big because of consumer demand for IPOs? It'll be interesting to see what happens.
Unrelated, I heard (but haven't verified) that CMGI might let their shareholders participate in IPOs of startups they own. (I don't own CMGI.)
Regards, Amy J
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Friedman, Billings, Ramsey Group, Inc. (FBR) is a full-service investment banking and asset management firm (NYSE:FBG), which describes itself as the first leading IPO underwriter to make the individual online investor a major focus of its IPO strategy. The FBR homepage (http://www.fbr.com) says that FBR is committed to placing up to 20 percent of all IPO stock allocations in the hands of online investors.
FBR will also be offering exclusive venture capital products, brokerage services, world-class research, financial news, and other related content.
As of May 3 1999 eligibility for FBR's IPOs are determined on a first-come first-served basis in the order of successfully submitted forms (similar to WIT and Etrade).
For additional information contact the fbr.com hotline at 877-327-4638.
(Posted by Hersh Stern, topannuity@monmouth.com)
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