From rael at zopyra.com Sun Aug 15 07:22:16 1999
Jordan and Doug can correct me if I am wrong, but the IPO
price is settled long in advance is it not?
The range is set early on, but it's subject to change right up until the moment that it goes effective. There are limits to how much it can change before you have to re-print a prospectus (and reconfirm all the orders), I think 20% in either direction.
I thought the way this worked was to decide how much cash
you want to raise in the IPO and then you basically open
up bids to investment bankers and others for purchase of
The "art" here is contained in your use of the word "decide" ...