Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Alan Hume who wrote (26604)	4/9/1999 3:07:00 PM
From: Robert Sheldon	Read Replies (1) \| Respond to of 152472

George: This ploy is common practice. It serves a) to fill the coffers of the merchant bank responsible for the floating, and b) provides much needed capital to the fledgling company Add in : c) Many syndicate firms purposely price offerings low such that they do not get sued should the offering not be received well. d) Some syndicate firms have even been known to price offerings with a low range just to get a good ‘pop' so that they will receive more IPO business due to past ‘successes'.