@ Adam540 I think the idea is that some people where upset with other IPOs in that others made a lot on stocks by being on when it became available, or soon after where as others who were not online at that time didn't have a shot. What I think needs to be done is the offering has to have an initial number of shares availble and allow people a day to bid on them. At the end of the day the availble shares are sold to the top bidders. Thus the price fluctuates but anyone can still get in at the beginning when the stock hits the open market.
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I think the idea is that some people where upset with other IPOs in that others made a lot on stocks by being on when it became available, or soon after where as others who were not online at that time didn't have a shot. What I think needs to be done is the offering has to have an initial number of shares availble and allow people a day to bid on them. At the end of the day the availble shares are sold to the top bidders. Thus the price fluctuates but anyone can still get in at the beginning when the stock hits the open market.