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trader59

12/16/18 10:55 PM

#116466 RE: JR30 #116465

That won't happen and isn't how it works. The underwriter will look at whatever the current price of the stock is and discount it from there so they'll profit from the resale. Suggesting they'll set a price above current market price smacks against all logic, they won't be able to sell any of it with the market offering it lower, and it is either a misguided pipe dream or intentionally misleading to suggest otherwise.