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Technology Stocks
The "openIPO" process
An SI Board Since February 1999
Posts SubjectMarks Bans
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Emcee:  Nandu Type:  Unmoderated
The purpose of this thread is to discuss
the open IPO process, and optimal strategies
for participation.

See openipo.com for the details.

W.R. Hambrecht, has launched an
Internet-based system to distribute
IPOs to individuals through a
new computerized auction system.
The auction system is based on a model
developed by a Nobel Laureate,
William Vickery. Go to openipo.com
for the details. But here is a short summary.

You place a firm bid for a certain number
of shares (minimum 100), at your price.

At allocation time, all the IPO shares
will be distributed among the top bidders,
at a price equal to the lowest of
the top bids.

For example, let us say the IPO has 300 shares.
Tom bids for 200 at 20. Dick bids for 100 at
10 and Harry bids for 100 at 5. ON allocation,
Tom will get 200 at 10 and Dick 100 at 10.
Harry gets nothing and the company gets $3000.

One company, Ravenswood (RVWD), a winemaker/marketer
is already doing an IPO Of a million shares
under this scheme.

I will initiate the discussion of strategies with
my first post.
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