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Technology Stocks : E*TRADE IPO ALERT THREAD -- Ignore unavailable to you. Want to Upgrade?

To: Faisal Bhamani who wrote (3589)6/4/1999 5:11:00 PM
From: Praetor  Respond to of 15145
 
"With every IPO or secondary public offering we do, we distribute up to 50 percent of the shares through E*TRADE customers. As a result, you need an E*TRADE account to participate in any of our public offerings."

That seems fine and dandy, and I hope E*Trade does get nice allotments...

But 2% is still up to 50 percent... Lead underwriters do get the lion's share, though, and hopefully E*Trade will get some of those scraps.

Praetor


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