People familiar with the matter said that in Intel's $20 billion stock offering, about one-third of investors who submitted subscription orders did not receive allotted shares in the end. In the end, Intel was oversubscribed several times over for this launch, and was supported by investors who only went long and sovereign wealth funds. In this offering, the top ten investors were allotted 55% of the shares, and the top 25 investors were allotted 80% in total.

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