Where can I buy snap iPo stock? Schwab or fidelity?

Feb 2, 2017 8 Comments

Per question, which brokerage firm is selling snap iPo shares? I want to buy some.

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TOP 8 Comments
  • If you have to ask you probably do not have the ability to buy, institutional investors will buy about 70% and top (rich) clients at the underwriters will buy the rest. You can buy once it hits the market but better to wait a couple months for the price to bottom out before buying if you believe in the long term future of snap.
    Feb 2, 2017 0
  • You have to be in business with an underwriting broker (Morgan Stanley, Goldman,etc.- they're all listed on the S1) to buy directly from the IPO. Even then, for in-demand IPOs the firms generally have much more interest than actual stock to sell- so basically you get ranked by your relationship ($) to the firm; your broker also gets ranked based on how much business he brings to the firm; then the bank divvies up shares per broker/client. So for big IPOs where everyone wants some you might ask for 10,000 shares but only be allocated 100 or something.

    That being said the moment they start trading people are going to be buying and selling on the market; at which point anyone can buy (whether you're a investment bank client or you're using Schwab/Robinhood/fidelity/whatever) but you're generally going to be buying at +/- the initial offering price depending on how the market reacts to the IPO/values the now public stock.
    Feb 2, 2017 0
  • Google
    bupkis

    Go to company page Google

    bupkis
    my understanding is that you need connections to get in on an IPO. it's not available to the general public.
    Feb 2, 2017 2
  • Microsoft / Eng
    TRUMP2024

    Go to company page Microsoft Eng

    BIO
    Repeal the 22nd
    TRUMP2024
    Do you need to buy on IPO day?
    Feb 2, 2017 1
  • Amazon
    toonew

    Go to company page Amazon

    toonew
    when is the IPO day?
    Feb 2, 2017 0