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Non-Tech : TD Waterhouse Group (TWE) -- Ignore unavailable to you. Want to Upgrade?

To: Beltropolis Boy who wrote (714)	8/3/1999 9:06:00 PM
From: Harry Sharp	Respond to of 1413

>>>Consider the case of Ameritrade, which registered at the end of June to sell about $250 million worth of stock, in a Goldman Sachs-led deal. While the deal was being formed, the stock price was sliding. Of course, if there's a dollar to be made, investment banks are willing to go after it. Underwriting fees for a secondary offering are in the neighborhood of the 4 percent of the total amount. In other words, Goldman stood to gain about a cool $1 million if the secondary had gone through.<<<< Wouldn't 4% be 10 million?