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Exelixis, Inc. Message Board

  • hotstock13 hotstock13 Jun 15, 2000 2:10 AM Flag

    An EXEL IPO prospectus

    is available on eBay. Distributed to institutional accounts, it is not readily available to individual investors. To find it, type "prospectus" in the box at the top left of eBay's home page.

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    • I purchased EXEL in the IPO and received the
      prospectus from one of the participating underwriters. It
      seemed as though the glossy cover was the only
      difference between that document and the one I had already
      examined at the SEC's EDGAR site.

      I can see
      hotstock13's reason for posting. If you look at other Yahoo
      posts by hotstock13 and also compare his moniker to the
      name used by the eBay seller, it seems pretty clear
      that he is the seller of such things on

      Anyway, why would someone waste money by bidding for a
      prospectus that is available for free? If I had excess money
      to buy things like that, I hope I would be smart
      enough to buy more EXEL insead!

      • 1 Reply to Optomistic__Two
      • of the few who could buy it on the IPO. Since it
        was offered only by investment bankers who deal with
        primarily instutitional accounts or high net worth
        individuals, the typical individual investor does not have
        access to these documents.

        Some consider them
        collector's items. You obviously don't, so it does not matter
        to you. When Martha Stewart went public last year,
        its first IPO on eBay sold for $76. Try to find one
        for Microsoft.

        If you check the auction,
        you'll see the prospectus has graphics that the
        text-only version at the SEC does not provide. Sometimes a
        picture is worth a thousand words to help individuals
        determine the value of a company.

        Rule 144A
        prospectuses also become available on eBay. Those are excluded
        from filing with the SEC and are distributed to
        institutional accounts that manage more than $100

        Just trying to level the playing field here.

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