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What I've heard (from a friend at MS) is that the initial delay was due to the underwriters convincing larger funds not to just dump all their shares at the open ...

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Can you provide more detail about your source?

Friend works for MS. (updated parent)

Maybe I'm being really thick here, but what does MS have to do with this?

MS = Morgan Stanley perhaps, the lead underwriter.

Sorry about that, but 'MS' = Morgan Stanley.

Ah, of course. In my line of work 999 times out of a 1000, MS is Microsoft ;-)

The other 0.1% would be multiple sclerosis.

For programmers, "MS" auto expands to Microsoft. I'm guessing you meant "Morgan Stanley" instead? Took me a minute or 2 to guess that.

Sorry about that -- I mentally associate MSFT (the stock symbol) with Microsoft and MS with Morgan Stanley

Glad to see I'm officially not considered a programmer :)

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