Can non-US residents apply US IPO?
Marshall asks:
If yes, how? I’m in Hong Kong. I wanna know the necessary steps e.g. open a securities account via agent?
Thx.
If yes, how? I’m in Hong Kong. I wanna know the necessary steps e.g. open a securities account via agent?
Thx.
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Non-US residents probably have as good a chance in getting in on a new IPO as US residents. Unless you’re in with the investment bankers and do a lot of trading with them, your chances are pretty slim.
The bankers dole out a few miniscule share to the Fidelity’s and Schwab’s of the world and if you’re lucky you may get a couple of hundred shares at the IPO opening.
investing.schwab.com/trading/center?PwdMsg=Msg1
Good luck!
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