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... l fan of ERV.
He was very optimistic about its future.
However,
the issuance of stocks in the United States was different from Huaxia. New shares were ’allotted’ by the underwriters who contacted clients in advance to sell them, unlike in Huaxia, where shares could be applied for directly.
But there was no small chance of breaking the issue price.
FACEBOOK had the same experience back then, with the stock price falling below the issue price on the day of t ...
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