Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 176.99

-1.8%

Nov 28 12:59 PM EST

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To: Dean who wrote (4577)	1/15/1999 2:06:00 PM
From: Triffin	Read Replies (1) of 56535

DEAN...MKTW.....IPO's Dean the underwriter BT Alex BRown.. priced this last night at $17.00 so this is what all 2.75 million shares in this offering went for...Everyone's cost is $17.00....if the first trade was at $95.00 and you sold....instant riches.. Anyone who did not get an allocation on the IPO either bought DBCC previously...hoping it would go up in anticipation or had to pay $95.00 or higher today to get in.. BTW..the company MKTW received 2.75 mm X $17.00 or 46.75 million to build their business.... $95 - $17 = $78 X 2.75mmm shs = 214.4 million dollars of mis-pricing on the part of the underwriters.... All IPO's work this way.. Jim in CT..

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