2 ms·
If you don't have a relationship with the IPO's underwriter, you're not buying IPO shares. You're buying shares from the people who bought IPO shares.
by gamblor956 6y ago
If you don't have a relationship with the IPO's underwriter, you're not buying IPO shares. You're buying shares from the people who bought IPO shares.
- qeternity 6y agoThis is absolutely untrue. Most legacy brokerages (Fidelity et al) will allow you to place orders for IPO shares. It's highly likely you won't get much and possibly none as the hot ones are often very oversubscribed, but it's very possible. Call your rep and ask.