WALL STREET MUGGER
WALL STREET MUGGER
Mugger hears that Savvis' IPO went over like a lead balloon not only on Wall Street but also among employees at Savvis and its parent Bridge. Employees from the parent were offered shares in the spin off but held off buying as the offering limped through its first day. Savvis increased the number of shares to be sold to 17 million and upped the price to $24, near the top of the estimated $22 to $25 range. The large number of shares, the daunting list of risks mentioned in the prospectus and the
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