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Technology Stocks : Adams Golf
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To: fluffnutter who wrote (6)5/26/1998 10:37:00 PM
From: caly   of 81
 
Fred,

Welcome! I'm no expert on IPOs either. I'm just now participating in my first one (CLEV). I'm sure someone else on the thread can explain better, but my understanding is that the underwriters each get an allotment of the shares and can dole them out as they like to their individual brokers, who in turn can offer them to their clients as they wish.

If their was an over allotment, I can only assume the original underwriters couldn't find takers on all the shares. That doesn't sound good to me. Maybe someone else can comment on that.

c
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