KPWiG investigating possible IPO collusion

The Securities and Stock Exchange Commission (KPWiG) is now analyzing whether someone has manipulated the prices of new companies on the stock exchange. For example, shares in Hyperion and One-2-One increased in value by a few hundred percent initially, but within a few hours they dropped almost to their offering price. KPWiG is examining whether such price fluctuations were due to so-called secret stock exchange collusion. "The Commission must show determination in fighting this type of manipulation," said Jaroslaw Dominiak, president of the Individual Investors Association (SII). However, analysts stress that the fact that small investors lost money was due to domination of greed over common sense. (Rzeczpospolita, pp.A1, B1) M.M.