So If I apply for IPO and I sell it when the market opens for the first time, isn’t it a guaranteed win?
Yolanda asks:
So let’s say I apply to buy 1000 shares of a company that has set its terms and has priced the offering price for let’s say $15.00
And I’m successful, I’m allocated 1000 shares of this offering..
So let’s say I apply to buy 1000 shares of a company that has set its terms and has priced the offering price for let’s say $15.00
And I’m successful, I’m allocated 1000 shares of this offering..
So if the the price on market open price is $20, and I sell it on market open,
I instantly make 30% right??
I’ve noticed that Almost all companies.. their opening price is way higher than their IPO price, I think there’s a term for this, flipping is it? I can’t remember..
Is this allowed?
is it legal?
