Nice start. 44% up on opening day. Congrats Redfin peeps. I'll wait for the drop and then buy. Anybody know where I can get an IPO alert? Always a day late on these things.
Redfin IPO'ed? I'm so out.
Right? It was so inconsequential!
what. totally missed this ..
Doesn't that just mean Redfin left a lot of money on the table?
Exactly. I don't understand the culture of seeking a pop on the IPO day. It's not good for the company
To understand this you need to know how wall st works. Firms like Goldman will screw heir own customers and make money. They promise them in on an IPO to make up for it. The underwriters intentionally underprice the IPO so they and their big customers can make money. In return they shower the company with undeserved buy ratings. Basically firms like Goldman will make money not matter what by employing legal by ethically questionable practices.
this indicates that the real estate industry is going to see a disruption soon
I use Fidelity to participate on IPOs, they send us emails of future IPO participation. But you need to have at lease 500K in stock. And they give preference to long lasting customers instead.
rich people get richer. some brokers require certain trading amount instead. heard others requires a lock up period if you participate in IPO.
Yes Fidelity requires 500k in stock assets, and lockup for 1 month (or 3 months) lockup period or you get penalized when you can participate in another IPO.
This is what I got push notification for?
Hope amazon does not crash the party after few months
how do you guys follow IPOs, decide which to speculate in?
Boi we can’t even participate in IPO with our Monopoly money
Through brokerage services. Typically the requirement for these offerings tend to be really high ($500k for fidelity brokerage) due to the risk. Or you can just jump at opening price instead of trying to grab shares at offering price.
Aw no way! You are gonna buy low and sell high? Man you are so smart.
Sooo smart. Yuuuuge brain.
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I feel ya. Just checked and there are several apps out there for these things seemingly.
Can you name a few?