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Technology Stocks : Value America (VUSA) - Another eBay? -- Ignore unavailable to you. Want to Upgrade?

To: purecntry5 who wrote (195)4/1/1999 7:43:00 PM
From: Keith J  Respond to of 734
 
This is not your regular IPO. It's a new system for distributing IPOs. Nandu opened a thread on it. Basically, there's a million shares available to be purchased. So, if 20,000 people bid 100 shares each, the bids will be ordered from high price to low price (that's why we had to put in a limit order, and not just at the offering price), and the 10,000 people who put in the highest bids will get the shares - all at the lowest winning bid.

KJ



To: purecntry5 who wrote (195)4/1/1999 9:45:00 PM
From: scname  Read Replies (1) | Respond to of 734
 
RVWD Ravenswood will have 4.55 million shares outstanding
after this 1 million share IPO at $12? , giving it a market
cap of $54.6million. Their 1998 annual sale is $17 million.
has been growing like 40% a year. This is not an internet
stock, don't get carried away.


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