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Finance & Stock Groups Forum Index » Options » secondary IPO question
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| uncle_vito |
 Posted: Sat Aug 11, 2007 5:15 pm |
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Guest
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Some secondary IPOs are issued with a discount and others are not. Anybody
know why?
As an example, secondary IPOs below priced on Thursday night based on the
closing price that day. The IPOs began trading the next day.
SCG closed on Thursday at $27.5 and the sec IPO pricing was $27.5.
FSLR closed on Thursday at $103 and the IPO pricing was $95. Why was there
a discount on the FSLR shares?
Anyone know?
Thanks
Vito |
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