If you price it that high above range, there is hot demand. That means there was some good institutional backing to buy blocks of that stock.
Restaurant deals always do really well because the come out at different times of the year. There are very few, they are unique. I have high hopes for this one.
There's just so much hype surrounding it. They're offering 23 million shares, but when it's finished, there are going to be 570 million outstanding. The people I speak to say that Palm could open as high as 300.