3 ms·
As I understand it, you can short an IPO on day 1, but it probably won't work out very well for you, because the underwriting banks have agreed to buy shares at
by mandevil 8y ago
As I understand it, you can short an IPO on day 1, but it probably won't work out very well for you, because the underwriting banks have agreed to buy shares at a specific price if the price falls. So if you try and short it you are getting into a game of 'who has more money' with a bunch of investment banks, which you will rarely win.