Could I buy alibaba IPO stock?
Adrianna asks:
Alibaba IPO is at HKD13.5 but open at HKD30. Anybody know how to buy it before the IPO? well, not just alibaba, in general
So, are the underwriter who push the price from 13.5 to 30? OR other party?
Alibaba IPO is at HKD13.5 but open at HKD30. Anybody know how to buy it before the IPO? well, not just alibaba, in general
So, are the underwriter who push the price from 13.5 to 30? OR other party?Related questions:
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You cannot buy stock before an IPO. The IPO is when the stock is first offered for sale to the public.
The best that you can do is to participate in the IPO so that you can purchase it at the offer price. However, the demand for a new offering is sometimes more than the supply. When this happens, brokers sometimes allow only high net worth customers or frequent traders first chance at the shares.
Call your broker to determine their requirements for IPO participation.
You cannot buy before the IPO. You must be the underwriter or someone who made a special deal with the company, like China with Blackstone and Yahoo with Alibaba.