4 ms·
This is based on the narrative that IPOs are systematically underpriced and those able to participate walk away with gains as a rule. If IPOs are actually accur
by asperous 6y ago
This is based on the narrative that IPOs are systematically underpriced and those able to participate walk away with gains as a rule. If IPOs are actually accurately priced or overpriced, then this doesn’t benefit customers in any way.
With that in mind it seems much more likely to me this is just a way to push the stock.
Retail trading is booming [1]. I hope this leads to financial literacy and more people benefiting from democratic ownership of capital (more profits going to worker class).
https://finance.yahoo.com/news/retail-investor-stock-market-rally-morning-brief-100911587.html https://finance.yahoo.com/news/retail-investor-stock-market-...
- bombcar 6y agoThe last few times retail trading was booming didn’t work out so well for the retailers. The traders did well, however.
- chii 6y ago> This is based on the narrative that IPOs are systematically underpriced IPO's that are systematically underpriced are the ones that aren't available to the general public (i.e., an allocation offering for private, accredited investors). It is likely that any IPO allocation available to the public is not underpriced, but at most priced correctly, and usually more likely to be over-priced!