@urstill1..Best to wait a few months and sometimes a year or so
This is how it works:
1.Owners get shares for $10/share
2.Bank bringing stock to IPO get them at $20/share
3.Bank sells shares to its biggest clients (usually hedge funds and big pension funds etc) at $30/share
4.Family and buddies get a shot at $40/share
5.IPO is offered to the walalahoi's at $85/share
Everyone from 1-4 above sells on opening day==>Stock tanks to $30/share==>People panic and sell==>More tanking
Cycle may go on for long time before stock recovers.
urstill1 wrote:I just want to buy 10 shares. I hear in the US IPO's are for the big shot or institution or the connected. Sisi walala hoi we have to wait for the trading day. I have some $1000 to dip into this.