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Technology Stocks : E*TRADE IPO Alert - Y2K and Beyond (EGRP) -- Ignore unavailable to you. Want to Upgrade?


To: Gerald Walls who wrote (3576)3/18/2000 12:53:00 AM
From: Gerald Walls  Read Replies (1) | Respond to of 10270
 
TheStreet.com sez:

Broadband a Hit in IPO-Land Friday
By Kevin Max
TheStreet.com/NYTimes.com Staff Reporter
3/17/00 6:06 PM ET
URL: thestreet.com

Updated from 2:22 p.m. EST

Broadband was the shining IPO play of the day Friday, while two new Internet-related issues received a more restrained reception.

Broadband company Universal Access (UAXS:Nsadaq) more than doubled in its first day of trading. But Integrated Information Systems (IISX:Nasdaq) and Netpliance (NPLI:Nasdaq), the two Internet-related companies, rose somewhat modestly in comparison, despite strong demand from financial institutions.

<snip>

And shares of Integrated Information Systems rose 5 15/16, or 40%, to close at 20 15/16.

The Tempe, Ariz.-based company helps convert the way companies do business to the Internet. It uses its service Dimensions to conceptualize, enhance, and implement Internet transactions.

Robertson Stephens led the underwriting of 4.6 million shares at $15 each, bringing in $69 million. The initial pricing range was $12-$14.

Integrated has relationships with technology companies Cisco Systems (CSCO:Nasdaq), IBM (IBM:NYSE), Microsoft (MSFT:Nasdaq) and Oracle (ORCL:Nasdaq).

For the nine months ended Sept. 30, Integrated reported that its revenues grew 176%, to $14.7 million, and that it earned $772,000.

Competitors include Agency.com (ACOM:Nasdaq), Breakaway Solutions, Cambridge Technology Partners (CATP:Nasdaq) and Razorfish (RAZF:Nasdaq).



To: Gerald Walls who wrote (3576)3/18/2000 2:32:00 AM
From: 4 - Bob  Read Replies (1) | Respond to of 10270
 
Yes, this info is from the official 424BX filing (424B4, 424B3, etc.) filed after the IPO priced. The documents do not list E*offering as an underwriter in the Underwriting Distribution table. I would guess that the shares E*trade allocated were obtained indirectly from one of the official underwriters. IISX is not the only IPO E*offering wasn't listed under the syndicate of underwriters, there have been a few others this year such as:

TRSI - O shares
DTEC - O shares
VSTY - O shares
CHRD - O shares
OPHM - O shares
LOUD - O shares
IISX - O shares

I plan to post a table of E*offering's underwriting distribution along with this thread's allocations ratios for all on IPOs allocated by E*trade this year on monday.

4-Bob