3 ms·

That's a good question, if it's a pre-IPO, how did they get shares? Are you just buying/selling paper versions of the stock and they'll buy your shares an IPO g

That's a good question, if it's a pre-IPO, how did they get shares? Are you just buying/selling paper versions of the stock and they'll buy your shares an IPO goes live?

xmprt 6y ago
My best guess is that it's like buying a call option that never expires and a $0 strike price.
ivalm 6y ago
Probably JPMorgan actually owns shares in a fund. You buy notes that have the appropriate fractional value of the fund. Presumably they will exchange notes for shares post IPO.