“Both deals are damaged goods, ... The underwriters reduced the deals to such a range that it could be sold -- they brought supply down to meet demand.”
“What the underwriters do is discount them off the current market [valuation], which entices institutional investors to come in and sop up all the stock,”
“It's a good market and rolling right along, ... We've gotten out of the grips of dot.com insanity and moved on to other deals. This underscores the resiliency of the IPO market.”
