There was enough investor demand to sell all available shares at $14 each.
It was one of the biggest companies in the world - but with no shares available.
There still might be a couple of dollars per share available for shareholders, they argued.
Happily, the shares available for sale drop to about half that level in October.
Nearly 40 percent of the available shares were sold to depositors and community members.
Now, with few shares available, some evidently have been forced to buy them back at high prices.
FieldCraft is a private business with no shares available to the public.
Moreover, these were tiny companies with relatively few shares available to the public.
The 33 million shares available to institutional investors sold out within hours of the offer.
Demand was 13 times the number of shares available.