Hi Richard,
I don't want to throw a towel on your hopes to keep this under the tent. But.... reality might. And that reality is that MSDW has just increased the number of shares available in the IPO from 6MM to 8MM. An indication of the stregth of the market for AKAM. The other shoe to drop will most likely be an increase in price the night before the first day of trading. I fully expect this. AKAM has been written up in Red Herring, Upside, Wired, The Street.com and I'm not sure where else. This one is no secret, having placed George Conrades in the CEO position has assured many long time tech investors that this one is for real. I would expect that you will see a typical MSDW open for a red hot deal. It will open after noon, once the MMs collect enough market orders from retail patzers salivating at the chance to get in on the next big thing, to open it up big, 200-500% above the IPO price. This has been the case for RBAK, FDRY (525%), JNPR and others. Don't even think that anyone in the secodary market is expected to make money in early trading. We are the sheep to be shorn. If on the other hand, you can secure shares via the IOI route, congratulations. You have a winner.
Best, Ray |
