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TetonBill

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TetonBill

Re: JJM760 post# 2936

Wednesday, 10/27/2010 12:10:07 PM

Wednesday, October 27, 2010 12:10:07 PM

Post# of 80490
Let's not overlook the impact of the investment bankers on the timing and pricing decisions. As I understand it, this is a firm-commitment underwriting, so the investment bankers doing the underwriting have a strong say in timing and a very strong say about pricing. As I stated in a post soon after the offering was announced, I believe this was a collaborative decision based in part on the excitement in the market generated by the weekend's announcement about the science. The bankers saw this as an ideal time to go to the market.
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