| 1 | That kind of optimism is hard for underwriters to price ahead of time. So is scarcity value. | |
| 2 | Up to now, the only legal requirement for underwriters, lawyers and accountants has been to disclose the relevant risks. | |
| 3 | Underwriters in two other big IPOs of Chinese companies were asked to agree to the same terms recently, despite the risk they would end up holding millions of dollars of risky securities. | |
| 4 | Depending on market conditions, German underwriters expect an additional half dozen to list on the main board next year, too. | |
| 5 | The difference in Rusal's case is that the company and its underwriters wanted to sell shares to the public, but regulators wouldn't let them. |
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