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Underwriters:
Every investor has heard about the first day of trading of some rocket stocks: Ebay, Ubid, Geocities, Earthweb, Verisign, Marketwatch.com, Webmethods, Avenue A, Red Hat, Avanex, Internet Capital Group, Blackboard, Las Vegas Sands, CTrip.com, Baidu.com, Google, Under Armour, etc. The IPO’s that rise dramatically are normally sold at the pricing to a broker’s institutional investors, not to the general public, i.e. you.
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