how do you obtain an ipo stock?

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First make sure you have a good relationship with a broker that is with the company sponsoring the IPO. They will get shares to sell so give them to their best customers. Make sure you are paying high commissions and loads on large amounts of investments so you can be a best customer.
By making a direct application !!
Good luck. Thats a scam usually reserved for hedge fund managers. I think its a blessing in disguise. Most IPO’s are bad investments.
Open a brokerage account with the Underwriter with at least $1,000,000.00 USD and very nicely ask them for a few shares.