United Pan-Europe Communications - UPC (UPCOY) Message Board

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Technology Stocks : United Pan-Europe Communications - UPC (UPCOY)

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To: puborectalis who wrote (15)	2/10/1999 9:12:00 PM
From: Rajiv	Read Replies (1) of 95

The euphoria of IPO's has evaporated....look at MMPT down over $20 points from its IPO in a matter of days.. MMPT is still at 30/share (The IPO was priced at around $16). It is still trading at a premium of almost 100% to its IPO price. UPCOY will be priced between 30-32/share. My expectations are very conservative. The UPCOY IPO is for around 1.2 billion. It will not go below the IPO price at least for a few weeks/months (barring a total market meltdown) as this will seriously damage the underwriters' credibility. Regards. Rajiv

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