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Technology Stocks : Softbank Group Corp

SFTBY 54.95

-6.9%

Dec 12 9:30 AM EST

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To: Jonas1 who wrote (4315)	3/9/2000 3:05:00 AM
From: Edwin S. Fujinaka	Read Replies (1) of 6020

Although Softbank closed in the US OTC Market at $1310 (up $80) the close in Tokyo took us down to $1067 (114,000 Yen or down 16,000 Yen). I assume that the much larger Tokyo market will prevail in terms of ultimate pricing. The Japanese Internet IPO Market is still rolling along with one new issue, Crayfish (CRFH): CRAYFISH CO LTD $126 $101 1/2 Crayfish's ADR IPO quadruples on debut Wednesday, March 08, 2000 12:47:12 PM EST Crayfish, which provides e-mail services to Japanese businesses, debuted its 4.35 million share IPO today at $24.50 per ADR (American Depositary Receipt). Those ADRs are trading around a level of $100, minutes after they debuted. Investors are snatching up the company as it is one of the few firms trading in America with a stake in the Japanese Internet markets.

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