Morningstar IPO

[TGoldman]

I use Sharebuilder as one of my brokers and they sent me the below email today...

[ QUOTE ]
ShareBuilder Securities Corporation is pleased to offer you the opportunity to participate in the allocation process for the Initial Public Offering (IPO) below.


The Issuer: Morningstar Inc
Proposed Symbol: MORN
Exchange: NASDAQ
Total Shares Offered: 7,612,500 shares of common stock
Price Range: $16.00 - $19.00 per share (minimum order of $250.00)
Expected Pricing Date: Week of 05/02/05

[/ QUOTE ]
I've never participated in an IPO before and it sounds exciting. Am I somehow "special" for receiving this offer? Generally speaking, is it worth taking part in an IPO simply because it is an IPO, or should the stock be valued/scrutinized just as any other equity?

Edit: here's the info from the underwriter. It appears to be an IPO in the form of a dutch auction in which everyone has equal access. I'm not "special" after all. [img]/images/graemlins/frown.gif[/img]