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Technology Stocks : Audio and Radio on the Internet- NAVR
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To: dennyv who wrote (4515)1/17/1999 10:55:00 PM
From: Tom Hua  Read Replies (1) of 27722
 
and assuming that there are 2.25M shares in the IPO

dennyv, I assume you implied 2.25 MM shares offered to the public but that is not what you should use in your calculations. Instead, use outstanding shares after the IPO (probably about 10 MM shares).

Regards,

Tom
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