FURTHER FALLOUT FROM LAST WEEK'S NUTTY NETSCAPE IPO
By ANDREW E. SERWER

(FORTUNE Magazine) – The recent $140 million Netscape IPO wasn't the largest in history, but it was unquestionably the most hyped. The big question was, How do I get the stock? You didn't. Not at the $28 offering price. What follows are some overlooked tidbits from the software maker's big day.

The five-million-share IPO was oversubscribed by 100 million shares.

Even though Morgan Stanley underwrote the deal, its asset management group, which runs $80 billion, got only 6,000 shares.

The biggest block of shares, 28,000, reportedly went to Fidelity.

Netscape Chairman James Clark made some $500 mil lion on the day; he already owns about $70 million of Silicon Graphics stock.

Among the calls from retail investors hoping to buy the stock from Morgan Stanley was one woman who offered to mortgage her home, and a man who tried to give a credit card number over the phone.

NBC Nightly News asked to shoot the action on Morgan Stanley's trading floor the day of the IPO. The request was denied.

But NBC News anchor Tom Brokaw was said to be one of the few individuals to nab shares at the $28 offering price, helped by media banker Herb Allen.

Even the Wall Street Journal got overexcited, reporting incorrectly that investors were turned away from Netscape's New York road show.

-Andrew E. Serwer