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To: john krom who wrote (50)5/26/1999 9:49:00 AM
From: Don Sherrill  Read Replies (1) | Respond to of 406
 
Since I quizzed them about this the other day, I thought I'd chime in. You can trade it whenever you want after it opens, but one of the criteria (according to A DLJ rep) for getting IPO's is how long you hold the IPO's you get. They would prefer you not to flip the shares.



To: john krom who wrote (50)5/26/1999 9:49:00 AM
From: PDL  Respond to of 406
 
You are allowed to flip an IPO -- just don't be surprised when your future "indication of interest" on a hot IPO is ignored. Underwriters want (and have an obligation to place stock with) investors who will support a new issue. I assume there is not set formula, but I suspect that "strong hands" investors are rewarded over time.

JMHO.


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