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Technology Stocks : divine interVentures, Inc. (DVIN) -- Ignore unavailable to you. Want to Upgrade?


To: Edwin S. Fujinaka who wrote (51)2/25/2000 8:32:00 AM
From: LOGAN12  Read Replies (1) | Respond to of 246
 
Edwin, the broker reporting was from AG Edwards. I doubt I will get any, they don't have anything to do with the deal and, of course i did not write down who the lead underwriter is. He suspected his entire firm would only get about 1,000 shares. He told me that he was told that there were to be 50 million shares in the offering. As far as the price goes, most of these things open higher than the original call, so who knows at this point.

linda



To: Edwin S. Fujinaka who wrote (51)2/28/2000 8:09:00 AM
From: astyanax  Read Replies (3) | Respond to of 246
 
Actually, the size of this offering is quite large. So it will be slightly less susceptible to a scarcity-induced runup than many hot dotcom IPOs. But you can be sure this time it will be customers cold-calling brokers for allocations, and not the other way around. DVIN will scorch the lanuchpad and although I knew WEBM was going to rocket, DVIN will not do quite that well.

Anyway, a series of detailed articles on this comes out later today at:
suntimes.com

- Netconductor.com

>>Edwin Fujinaka wrote:
I don't have any more information on the date of the IPO, but I think that the price range was posted earlier and was released as part of a press release on February 14th. I'm not sure that the $6-$8 range is firm yet. The original WEBM IPO was supposed to come out at $11 to $13 if I recall correctly. It actually came out at $35 and the next day (the first trading day) it went to over $200. I think it peaked at around $300/share a couple of days later and has since fallen back a little. I don't expect DVIN to match that kind of performance, but I would be surprised if it didn't have a nice pop on trading day one.
Can you say who told you that March 27 was the ipo day? Are you in line to get any? The Schwab guys thought they might have a shot if Credit Suisse was an underwriter, but I don't see anything at the Schwab IPO site yet. Anyway, Schwab sucks as far as IPOs are concerned.