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To: PAL who wrote (9635)	6/10/1999 7:30:00 PM
From: DiB	Read Replies (1) \| Respond to of 19700

...the company who is going to IPO will set a side of a portion of the shares for their best customers under what is called DIRECTED SHARES. What do you mean by "best customers"?

To: PAL who wrote (9635)	6/10/1999 7:37:00 PM
From: Micawber	Read Replies (1) \| Respond to of 19700

>>One way to do this: the company who is going to IPO will set a side of a portion of the shares for their best customers under what is called DIRECTED SHARES.<< SFE announced this type of plan months ago. They had been doing rights offerings, but in order to attract institutions, they now thing Directed Share deals are the way to go. DW is following Musser's lead here. As a matter of fact, their first directed share IPO is with Internet Capital Group, scheduled for sometime next month.