How do you purchase IPO’s before they go public?
Irma asks:
For instance, vmware was priced at $29.00 but opened at around $52.00 a few weeks back. How would I be able to purchase at $29 before it opened?
For instance, vmware was priced at $29.00 but opened at around $52.00 a few weeks back. How would I be able to purchase at $29 before it opened?
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I THINK THE ONLY way to do this is to be an officer of the corporation.
For those who aren’t sure: “IPO” means Initial Public Offering.
On Tuesday, when the markets open, I’ll make some calls and do my best to find out if there is a way to buy IPOs before they are actually offered. AND whether I’m right or wrong on my initial answer, I’ll do my best to post a follow-up to your Q.
Believe me: For as many corporations having IPOs which take-off like ymware, there are probably many, many others which “fall flat on their face”, ending up on “the pink sheet” as penny stocks OR even trade for less than a penny per share.
Thank you for asking your question. I enjoyed taking the time to answer it. You did a great job - not only for your information, but for every other person interested in reading my answer. Thanks to everyone for reading my answer.
I wish you well!
VTY,
Ron Berue
Yes, that is my real last name.
You can’t - if you have to ask.
If you are not an officer or VC, the ONLY way to subscribe to a hot IPO is by being a BIG client of the underwriting firm, or a friend of the company.
ipo’s are sold to the best brokerage customers, they are not available to small investors. the brokerage firms that handle the ipo’s sell all of that stock to their clients that have millions in their accounts, and the make big returns when the stock opens. if you are ever able to buy some stock at the ipo, be careful because it probably isn’t any good, and that is why it is available to you, otherwise the big guys would buy it all up.