EFTA02712898

From: Richard Kahn < Sent: Tuesday, June 23, 2015 5:10 PM To: jeffrey E. Subject: Fwd: APPF IPO Coming 6/25/15 Attachments: APPFprospectus.pdt Untitled attachment 00103.htm please confirm that i should indicate for max shares thank you Richard Kahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York, NY 10022 tel Begin forwarded message: From: =/b>"Atlas, Andrew S" < To: =/b>"Richard Kahn ( I" < Subject: =/b>APPF IPO Coming =125/15 Date: =/b>June 23, 2015 at 1:07:36 PM =DT Hey Rich, Here is a IPO, pricing =n Thursday and trading on Friday. Let me know if Southern Trust would like to =ndicate. AppFolio, Inc. ("APPF" / NASDAQ) EFTA_R1_02132809 EFTA02712898 Base Offer Size: 6,200,000 =hares (100% Primary) Price Range: $12.00 - $14.00 Expected Pricing Date: =hursday, June 25, 2015 (Post-Close) Best Always, Andrew Andrew S. Atlas Financial =dvisor Equity Sales/Middle Markets Group Morgan Stanley Wealth Management Midtown Manhattan =omplex 1290 Avenue of the =mericas, 12th Floor New York, =Y 10104 Tel/Direct: <mailto Important Notice to Recipients: Please do not use e-mail to request, authorize or effect the purchase or sale of any =ecurity or commodity. Unfortunately, we cannot execute such instructions provided =n e-mail. Thank you. The sender of this =-mail is an employee of Morgan Stanley Smith Barney LLC ("Morgan Stanley"). If you have =eceived this communication in error, please destroy all electronic and paper =opies and notify the sender immediately. Erroneous transmission is not intended to =aive confidentiality or privilege. Morgan Stanley reserves the right, =o the extent permitted under applicable law, to monitor electronic =ommunications. This message is subject to terms available at the following link: http://www.morganstanley.com/disclaimers/mssbemail.html.&nb=p; If you cannot access 2 EFTA_R1_02132810 EFTA02712899 this link, please notify us by reply message and we will send the =contents to you. By messaging with Morgan Stanley you consent to =he foregoing. = 3 EFTA_R1_02132811 EFTA02712900