IB's IPO Goes Forward - Range $23-27

[Jaxon]

I bid $5 for 100.

 

[dhpar]

Quote from Jaxon:

I bid $5 for 100.

it may turn up to be your worst trade...

 

[AAAintheBeltway]

Quote from Babak:

The auction goes on *theoretically* until May 3rd 2007.

But due to the nature of a Dutch auction, it can be all over much, much sooner. Basically as soon as all 20 million shares are spoken for.

When that happens, a clearing price is applied. And those who bid have to purchase the IPO shares.

I thought they held bidding open until the prospectus was effective. Someone could bid $2 for all 20 mill shares otherwise.

 

[stock777]

Quote from Jaxon:

I bid $5 for 100.

good Idea, lets ALL bid our IQ's.