SI
SI
discoversearch

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 : RAZF--Razorfish...Will this little fishy be a good catch?? -- Ignore unavailable to you. Want to Upgrade?


To: Martin who wrote (22)4/27/1999 10:24:00 PM
From: Gary Metzer  Read Replies (1) | Respond to of 258
 
Martin,

Re: My broker says there is no "grey market" on these types of IPO's so noone can get shares prior to the first trade today which was about $32.00

If the above comment is truly what your broker told you, then I would suggest that you GET ANOTHER BROKER as he doesn't know his ..... from ...... (you can fill in the blanks).

Razorfish was an IPO where the lead underwriter was CS First Boston. CS First Boston has an agreement with Charles Schwab where they will provide Schwab with IPO shares when they are lead underwriter. Schwab then offers them to their top customers who request IPO shares. On high demand IPOs like RAZF, Schwab usually only allocates a maximum of 100 shares per customer. I received a call from Schwab LAST NIGHT saying my offer to purchase shares of RAZF was accepted. I agreed and the order was placed in my account by Schwab today and the shares will show up in my account before Monday at $16.00/share.

If you have other questions that I didn't answer thoroughly enough, please PM me and I will be glad to answer them.

RAZF is a good company and if you bought the shares today, I'm sure you will do well.

Gary