Are you going to buy into the Blackstone IPO?
Linette asks:
Fortress, the hedgefund that went public, didn’t go down on the first day. It almost doubled in value! It went from 18.5 to 35
Fortress, the hedgefund that went public, didn’t go down on the first day. It almost doubled in value! It went from 18.5 to 35
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I won’t be buying into the Blackstone IPO because I haven’t been able to do much research on the company. IPOs are risky adn the value can go down dramatically in the first day so be careful (like the hedgefund company that recently went public). However, the company does have 6 first-class underwriters so it might be safe to assume that the offering is adequately priced (in which case, there isn’t much sense in buying it now). I would wait until the prices stabilize unless you think that the IPO will be underpriced (remember that by the time the shares start trading and you’d be able to get in, the price will have gone up by a lot already… but it could still go higher since there is a lot of hype about the company and everybody might want to buy. Though hype will increase the price of the share, it’ll go back to its adequate level, so if you plan on buying and selling quickly it might serve you well, otherwise, it’s too risky. Good luck with your decision and hope you make the best investment choices!