I would like to think they can get in the 20 percent range, but with that number of shares it could be difficult.
This is a classic Internet company and they will be burning cash like there's no tomorrow. But the deal is programmed to explode on its first day with 3.5 million shares priced between $12 and $14.
This was really no surprise. They have breakthrough technology and even with the boost in the number of shares sold this looked good.