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Technology Stocks : Audible Inc-(Nadaq-ADBL) -- Ignore unavailable to you. Want to Upgrade?


To: Mohan Marette who wrote (17)7/13/1999 2:24:00 PM
From: Wayners  Read Replies (1) | Respond to of 165
 
I wouldn't touch this IPO here's why. Investment banking community is once again taking advantage of the general public. Wall Street currently values AHWY, nearly identical to ADBL at a market cap of about $96M, yet these investment bankers are going to bring ADBL to market at a valuation of $250M, and that's at $10 per share. This tells me its a matter of time before ADBL is trading at less than $5 per share.