Friedman, Billings & Ramsey (FBR) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Friedman, Billings & Ramsey (FBR)

FBR 17.01

-2.2%

Jan 3 3:00 PM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Lee who wrote ()	1/25/2000 2:31:00 PM
From: psyduck	Read Replies (1) of 173

FBR offers a way to play the allegedly sizzling WebMethods IPO coming up around Feb 7, but I have seen no discussion of this angle anywhere on either of SI's active FBR boards. According to WebMethods' SEC Filing S-1/a (24 Jan 2000, Page 60), FBR Technology Venture Partners is an 8.9% owner of WebMethods. Discussion on the RB FBR board (my source for this insight) suggests, but does not prove, that this makes FBR the largest publicly-traded stakeholder in WebMethods -- and apparently a better play than the more widely-touted THCG, which does not appear on the S-1/A list and therefore may hold less than 5% of the shares. Morgan Stanley is WebMethods' lead underwriter, and, FWIW, my Morgan Stanley broker was more secretive than usual about this particular IPO -- although he grudgingly acknowledged its existence after I pointed out that it was public knowledge. (He also told me not to count on an allocation.... Hence, IN FBR AT 7-9/16!) warm regards p. (I hope this link works... it's lengthy...) freeedgar.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next