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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Joseph Lee who wrote (2781)1/6/1999 12:18:00 AM
From: Phil(bullrider)  Read Replies (2) of 122087
 
J L P,

I'll give it a try.

As I understand it, the "float" is what's left after the company offers shares for sale at the IPO, and keeps the rest.

In other words, if a company issues 5 million shares, but only offers one million in the IPO, the One million is "in the float". The rest are "closely held".

If I am wrong, I am sure it won't take someone long to correct me.

Have fun,
Phil
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