IPO price of $12, as I did, Sell 1/2 of your position. That way you have all your money back plus a profit and you let the other 1/2 ride for the final payout of $35..if another better bid comes along, you win...if the deal falls through and the price goes to zero, you still are ahead of the game, in any case, you win because you are now already ahead. Boy! am I ever smart.