The offering price in the summer of 1993 was $6.9 million, he said.
That led to an offering price of $85, which was below what some had expected.
The proposed offering price is expected to be $34 to $38 a share.
Only 13 of them now trade above their offering prices.
At the offering price, the company has a total market value of $9.9 billion.
"Performance from either the offering price or first trade has been pretty poor."
Its stock is at $7.16, about half the offering price of $14.25.
Still, the stock was up 37 percent, or $5.9375, from its offering price.
The offering price was well above the original range of $12 to $14 a share.
By June 30, this stock was down 63.6 percent from its offering price.
Last month the average was 2.68 percent below asking price.
Thus it has become even more important for asking prices to be right on the mark.
"And probably for a few million dollars more than those asking prices."
The problem was the $125,000 asking price and a 72-hour deadline.
The average asking price would be $1,358 a square foot.
They paid $1.2 million, about 30 percent less than the initial asking price.
Despite its $167,500 asking price, the house has been on the market for years, local brokers said.
That house sold for slightly more than its $999,000 asking price.
Is it possible to achieve a £300,000 asking price with a £20,000 budget?
He bid $1 over the bank's asking price of $155,000.
