3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

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Nov 7 11:47 AM EST

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To: Mort who wrote (39830)	2/24/2000 5:36:00 PM
From: James Binder	Read Replies (1) of 45548

In addition, the investment bankers also have a backdoor, sometime called a green chute, where they can sell extra shares to their best customers and themselves at the ipo price if they wish (something in the order of 3% more). I always wondered why IPO's (Redhat, VALinux, ect.) started out at low when their was enough demand to justify a higher price. This explains why it's in their best interest to keep the IPO price low as possible because they get some if it if they want as well.

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