Buying IPO stock..timing it per SE?

May 6, 2019 7 Comments

So assume uber prices it stock at 1000$ and I cannot put an order pre-ipo, on the opening bell say at 9:30am when stock starts trading and however I place an order at 9:29am for a buy price of 1001$ will I get lucky?

Like lyft and zoom had zoomed in IPO day but unfortunately I did not pay attention at that time they started trading on opening bell. Did they open at the target price or by the time they opened they were already 20-30% more then listed price?

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TOP 7 Comments
  • At the Zoom opening, they were already well above 36. It's not luck to get in early. You have to be represented by a major broker and doing huge volume.

    Retail investors don't have a shot.
    May 6, 2019 3
    • Wells Fargo qUyB01
      Doubt it plenty of people with that amount. My understanding is you probably should be generating a lot of fees for the broker with your trading.
      May 6, 2019
    • $150k once? Unlikely.

      $150k per day that will make him a nice commission for years to come? Yes
      May 6, 2019
  • New / Eng
    errfileno

    New Eng

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    Microsoft
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    Senior Software Engineer. 15yoe. Seattle. ~$400k TC
    errfilenomore
    As an Uber employee, who has a significant amount of your financial future tied up in Uber, are you planning to purchase stock at Fair Market Value? This sounds pretty risky. Not all IPOs "pop" above the IPO price.
    May 6, 2019 0
  • Microsoft john117
    Usually for IPO stocks, it's better to wait a few days to see how they perform before buying in... as Buffett says, he has never bought a stock on IPO day... buy when the stock is not as high in demand unlike on IPO day where demand is massive, if you believe the company will do well in the long term.. you will get a better price / value for your investment
    May 6, 2019 1

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