RE:RE:RE:RE:RE:RE:RE:RE:PetrusLead bank at IPO is the Business Development Bank --- a government agency ---not a traditional bank . Keep in mind one or more directors at IPO represent institutional holders holding more than 10% of the shares . However said institutions can avoid " insider status " even owning more than 10% should they make a blanket filing that they are passive investors who will never seek a " control position " . This applies to all institutions who choose to make such a "passive" shareholder filing