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To: Starlight who wrote (2628)1/15/2000 2:19:00 PM
From: Cosmo Daisey  Respond to of 5853
 
Elizabeth,
E*Trade has an IPO opportunity. I haven't used it but it seems pretty straight forward. In the future look for better availability of IPO's and a bidding process to take some of the volatility out of opening day and allow the company to reap the benefit of a higher price instead of first day sellers. It's discouraging for a company to sell it's shares at $25 and see it open at $150. The idea of having the market set the IPO price will be better for the company and that's what the IPO is for.
cdaisey@ipo-runup.com



To: Starlight who wrote (2628)1/16/2000 7:17:00 AM
From: JDN  Read Replies (1) | Respond to of 5853
 
Dear Elizabeth: To my knowledge the only way to get Shares at the intitial IPO price is to deal with a broker who is an underwriter to the deal. Even then, unless it is a huge offering likely the allotment is so small that you will not get any unless you are an important client. Of course, if it is a huge offering unlikely to see those huge one day gains so many of us would covet. Discount brokers to my knowledge are not underwriters. JDN



To: Starlight who wrote (2628)1/16/2000 11:59:00 AM
From: Mannie  Read Replies (1) | Respond to of 5853
 
Elizabeth-if you open an account at Wit Capital, and own at least 100 shares of CMGI, you have access to CMGI backed IPO's.