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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 215.65+0.3%Dec 29 3:59 PM EST
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To: dougSF30 who wrote (156135)4/13/2005 8:40:09 PM
From: brushwudRead Replies (1) of 275872
 
I wouldn't say "usually". Sure, after the IPO, AMD could sell its Spansion shares for cash. But the proceeds of the new shares issued for the IPO flow to Spansion only.

My comment was about IPOs in general. If you've determined that AMD isn't selling any shares in the IPO, that doesn't contradict my statement.

Here's a prospectus from a recent IPO:

sec.gov

You can see the selling shareholders on page 77.
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