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Technology Stocks : Internet Capital Group Inc. (ICGE)

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To: Money Machine who wrote (129)8/5/1999 8:42:00 AM
From: Robert Rose  Read Replies (1) of 4187
 
Interesting that even in this market environment, there seems to be a lot of interest for this ipo. After all, flws flopped yesterday, but ml saw fit to stay on schedule and increase the float to boot. Paucity of ipo shares granted to the 'little guy' (as evidenced on this thread), suggests that nonretail interest is strong.

That said, I still expect a modest initial showing for this ipo. After all, look at the performance of solid ipo's such as dscm, enga, cmdx, enga, insw and eeln of late. Could be trading in the teens before it bottoms, imo. Staying on the sidelines for now.
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