(LVLT) - Level 3 Communications Message Board

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Technology Stocks : (LVLT) - Level 3 Communications

LVLT 53.63

0.0%

Nov 1 5:00 PM EST

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To: stealthy who wrote (334)	3/13/1998 9:28:00 AM
From: Phil Jacobson	Read Replies (2) of 3873

- When or whether to do an IPO - At what initial price an IPO should be offered ---------------------------------------- Stealthy, The key is the bank buying 10% of the shares. I think the post indicating an average buy price of $60 is accurate, it may be a bit lower. I can't fathom how this could have come about without the explicit understanding of KIWT management, ie, US Bancorp didn't just read the paper and decide to buy 10% of the shares. If you assume KIWT mgmt and the bank have been talking then the price absolutely DOES matter. I was extremely glad to see that this mystery was semi-resolved by the SEC filing and to know there are real players behind the runup. There is no way KIWT will offer this stock in an IPO in such a manner to cause US Bancorp to get killed on their purchases, therefore I feel good about my investment. Thanks, Phil

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