How to buy into FOXCONN IPO through fidelity?
Seems like a lucrative investment
Why is it lucrative? Net new phones sold is zero, for the first time in decades (Mary meeker report first page). And isn't foxconn public already?
Lots of things wrong with this post. 1. The IPO is for a Foxconn unit on the Chinese exchange. So, you don’t get to buy it. 2. It’s an IPO so even if it was listed here, you don’t get IPO price. 3. Foxconn isn’t only building phones. The spinoff unit generates more revenue than Cisco so it’s not a lightweight. 4. What @public said
Lol how have these huge corporate clients not figured out the fact that their IPO is only offered to "top" bank clients as a reward, not an indicator that they are getting scammed on pricing. You would think internet and technology would arb away some of this assymetry
Yeah the IPO model is terrible IMO. What Spotify did was smart.
We can see how this scheme hurts companies by how low all their stock price has been.
"Through fidelity" rofl
Ok. I was asking about the IPO process as it different from buying regular stocks
Sorry, yes it is different in that ipos are (almost always) restricted to institutional and wealthy investors. Big brokers offer ipos to top clients. Discount brokers such as fidelity will almost never have access to significant ipos. Your only option would be to buy at market value once trading begins. In short to get rich, you have to be rich :)