2 years, 7 months ago
A company I wanna invest in is getting an IPO in the next couple weeks, How can I be one of the first people to get in on that stock?
I am your run of the mill kinda guy, but want to get on this stock ASAP before it jumps (as I predict it will.) I am a college student with no current account with a broker, although I can most likely use my dad's if necessary. What is the process of attempting to get this stock as soon as humanly possible? if you need any more information feel free to ask!
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M$1 Answer
The answer to your question is that retail (individual investors like us) cannot "get in early" on companies going public. You'll have to wait until trading starts to purchase the stock. Be mindful that stock prices are volitile when they go public. On the one hand, you have private investors (i.e. people that invested in the company prior to it going public) selling the stock (which pushes the price down) and others buying the stock (pushes the price us). It is really tough to judge where it will go. If you get on the wrong side of the trade (i.e. buy when the market is going against you), you can get crushed in a short amount of time. If you like the longterm prospects for the company, lets it trade for a week or even a month and watch the price. It should have stablized by then. If you still like it at that point, that is your time to buy.
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