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Technology Stocks : Softbank Group Corp
SFTBY 51.78-2.3%Dec 2 3:59 PM EST

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To: Edwin S. Fujinaka who wrote (2627)12/6/1999 12:49:00 PM
From: Taikun  Read Replies (1) of 6020
 
Etrade Japan is bookbuilding for a Softbank company IPO...Internet Research Institute, to debut on the Mothers. (interesting to see that Mothers will offer Softbank upside here, not Nasdaq Japan).

Indicative price of Yen 3400, with a mnimum of 4000000 to 10000000 for Etrade Japan account holders to be able to apply for this 'lottery'. If you can stomach that much.

I guess they are trying to slow down demand...at rates like this I would not be surprised to see Japanese individual investors staying away from offers like this, I mean how many people have $40,000-100,000??

I wonder if Japan will even see reasonably priced IPOs?
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