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How do I find out which broker is offering shares of an IPO?
I've been reading about Mead Johnson, and I'm curious: How does an investor go about finding out which broker is offering shares of an IPO?
I realize that some serious money that I (as a 20 year old investor with only 13 or 14 grand) personally don't have would be needed to actually get in on something like this. However, my family does, so it doesn't take the opportunity out of the picture for me to invest through them.
Just trying to learn a little bit here. Thanks.
I wouldn't argue that it's not worth trying. Granted, I see your point, and I realize that this is not something that's easy to come by. But at the same time, there are IPOs that average investors can get in on. How would you know without making an effort to find out?
1 Answer
- Anonymous1 decade agoFavorite Answer
Homes,
generally speaking, you can't get in on inital IPO's. Broker/dealers with real time electronic trading systems are able to get in first, and by the time they're done, the IPO spike is over. You'll get in on the secondary market, but by then all the initial profit-taking is done.
It's not worth trying, as the brightest minds all work for the companies with the most resources, and if there's money to be made, they'll be the ones to get it.