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Technology Stocks : VERISIGN -- is the IPO hot? -- Ignore unavailable to you. Want to Upgrade?

To: Fred Fraschetti who wrote (20)	1/24/1998 6:55:00 PM
From: Superhawk	Respond to of 29

When does VeriSign go public? This coming week, i.e., the week of 26 JAN 98. As yet, the date is not fixed, nor is the price. I have an account at a Dean Witter brokerage (they are one of the underwriters), and have begged for as many shares as they can shake loose from their home office. My broker has no idea how many shares the local office will be allocated, if any. She said preliminary pricing is between $9.00 and $13.00 a share. Present indications are that the stock will come public at the low end of the range (probably $9.00 to $11.00). If there's significant interest, the stock could gap up at the open. We'll see. I recently moved part of my portfolio from a discount brokerage to Dean Witter for exactly this reason -- in hopes of getting in on IPO's on the ground floor. I hope my strategy pays off with at least a few shares. Good luck on this stock and all your investments.