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Technology Stocks : NetSuite

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From: Valley Girl12/21/2007 10:49:14 PM
   of 12
 
In re. Message 24153724

LOL - be sure to rub my nose in it if the shares go higher! Meantime, I'll tip my cap to you too - nicely done, your entry's right below the outer edge of what I'd contemplated paying for a half position if left with no better entry.

Apparently a lot of the bidders at auction weren't thrilled with the high clearing price, despite obviously having bid prices north of $26/share themselves:

marketwatch.com

Valuation questions are already being raised:

thestreet.com

Institutional buyers listened to the road show presentations, but "put in lower bids or took a pass altogether," on the Dutch auction-style placement process "knowing it was going to be outside their [price] range," Schappel said.

Translation: the kids are having fun and making a mess while the grown-ups are off having a coffee.
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