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Were Tech IPOs Rigged?

Traders Magazine, October 2002

Britt Tunick

Imagine, if you will, that you lived in an age when there really were initial public offerings-and great demand for them, to boot. Imagine you wanted to increase the pricing of a particular IPO. Your solution may well have been to simply cut the number of shares available. At least that's the approach some underwriters may have taken with technology IPOs at the height of the Internet bubble, according to an upcoming study on the topic.

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