Palm IPO today!

Palm, Inc. (Nasdaq: PALM) today announced that its initial public offering of 23 million shares of common stock is being priced at $38.00 per share. Palm was formerly a wholly owned subsidiary of 3Com Corporation (Nasdaq: COMS) and after completion of this offering will be a separate, publicly traded company. After the offering, 3Com will hold 532 million shares, or approximately 94.8%, of Palm's common stock. Read the rest of the press release here.

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IPO Secondary Offering

ER @ 3/2/2000 11:12:34 AM #
Does anybody have a guess as to what the secondary offering will be at release?


jt @ 3/2/2000 11:34:48 AM #
fyi, currently trading at $150. wow.
RE: $150/share
reidjazz @ 3/2/2000 1:59:45 PM #
Currently down to about $105/share. Still, mega-respectable. Will be interesting to see where it goes.


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