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Post by willowgirl on Mar 12, 2021 12:42:42 GMT
What's the secret? I found a company that's going public soon that I REALLY want to buy into. I use eTrade and the only guidance it offers is to sign up for alerts (which I did). I know it can be tricky to get in on them, though! A few years back, my then-husband managed to take part in the Facebook IPO, and bought some stock which he later flipped for a nice profit. I'm not sure how he managed it though and it is, um, rather late to ask him about it now.
So, anybody know an inside track? The company is UiPath.
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Post by woolybear on Mar 12, 2021 13:35:12 GMT
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Post by woolybear on Mar 12, 2021 13:58:46 GMT
I looked on TDAmeritrade about buying IPO's. An account has to have a value of $250,000 or completed 30 trades in 3 months (I don't have to worry about buying IPOs lol). If you buy the IPO you are strongly encouraged to hold it for 30 days before trading it.
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Post by willowgirl on Mar 12, 2021 14:14:40 GMT
$250K eh?! Well, count me out, then!
eTrade doesn't disclose which of its customers gets a shot at IPOs. It just says, "Sign up for alerts ..." which I did, but you can bet that not everyone is getting some alerts, lol.
My ex-husband was probably enough of a high-roller to get access to such things. Me, not so much!
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Post by cccindy on Mar 12, 2021 18:47:20 GMT
"There's a little company over in Cambridge that's going public soon" said a friend in Boston, fall of 1983. We didn't have the beans to get involved at the time. Too bad-it was Lotus.
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Post by Thtwudbeme on Mar 12, 2021 21:57:06 GMT
Usually it is through a brokerage and you had better be one of their really good customers.
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Post by Ozarks Tom on Mar 13, 2021 2:08:53 GMT
From everything I've read about IPOs, them that's got's, gets.
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Post by willowgirl on Mar 13, 2021 14:44:26 GMT
Yeah, that seems to be the general consensus, dang it!
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Post by fordy on Mar 13, 2021 17:48:40 GMT
..............Before I'd invest in an IPO , I'd want an Audited Set of Financials , and a proven track record of profitability for 4 consecutive quarters ! My current investment , Fiats,inc. is sending me my first dividends of $1,400 ! But , I've got 2 sets of vehicle plates and inspection stickers to pay for so I'll only have $1,100 left ! , fordy
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Post by BrewDaddy on Mar 14, 2021 1:15:09 GMT
You might check in on the reddit group that caused all the fuss not long ago - I think it's called WallStreet Bets or something like that. I bet they'd have some pointers or hints at least.
But when I recently looked in to taking a stab at some very low budget day trading that $250k number seems to be the ante to get in the game...
bd
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Post by joebill on Mar 20, 2021 2:39:14 GMT
"People also ask What percentage of IPOs are profitable? 32 percent In 2019, 32 percent of the U.S. companies were profitable after their IPO.Aug 26, 2020" In other words, be careful what you wish for...... I always figured that there is a LOT of REALLY SMART MONEY out there looking for a home, and the smartest money is going to find the very best home. I never considered my money to be very smart, because nearly all of the money I have made has been with my back instead of what little money I have, so I figured I needed to use my back to make all of the money I could before it gave out, and then hang onto it if possible and NOT RENT IT OUT! So far so good ....Joe
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Post by joebill on Mar 20, 2021 2:43:29 GMT
By the way, I think that maybe the $250K bottom limit is so that if the guy loses $100K on a bad IPO, he still has some left and is less likely to pick up a shotgun and a chain saw and go looking for the guy who promoted it....but then what do I know?.....Joe
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Post by Ozarks Tom on Mar 20, 2021 12:20:49 GMT
It's my understanding that the "smart money" buys into the IPO at its first offering when it's mainly a private auction, then sells it a week later when it's available to the public and they go nuts running the price up. The initial investors rarely stay with it, they couldn't care less if the company is successful over time.
In other words, is a setup for the "Good Ol' Boys Club."
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Post by willowgirl on Apr 16, 2021 3:03:45 GMT
Well, the UiPath IPO is finally going forward and after filling out some virtual paperwork, Etrade allowed me to make a conditional offer! They stressed that this doesn't mean I'll actually get to purchase shares though, lol. Guess I'll sit back and wait and see how it plays out.
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Post by joebill on Apr 17, 2021 1:27:26 GMT
IF they won't let you in, maybe claim they are discriminating against you because you are a woman or some other BS lawsuit.
Years ago, I was listening to a financial program and they were laughing about this company who was advertising that they would get your money back from your broker if he screwed up and lost your money. You had to pay up front.
It seems that anybody who bit on it had already proven themself a fool and an incompetent, so no big worries about getting in trouble for screwing them over one more time..... Joe
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