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Any chance to subscribe for their shares for an EU tax resident? List of EU based brokers accepting the subscriptions?
by durnygbur 5y ago
Any chance to subscribe for their shares for an EU tax resident? List of EU based brokers accepting the subscriptions?
- reacharavindh 5y agoI am an EU resident, and I use Interactive Brokers to buy US shares. I hope I can buy Backblaze shares when they IPO.
- cinntaile 5y agoHe wants to be in on the IPO I think, buying when it's reached the stock market is too late for that.
- durnygbur 5y agoyes, this is my intention
- Trufa 5y agoLet me know if you know of anything.
- reacharavindh 5y agoSorry, I am a newbie to this sort of thing. I only ever buy stocks in the open market for my small portfolio of personal investments. Is it even possible to get shares _before_ an IPO? I thought there were only private investments and shares(after an IPO). One wouldn't call private investments the same as "shares" would they? Even if so, then why is the same bank/financial institution that manages the IPO involved in making a private investment in a company? Wouldn't you need to contact the founders of the company as they are the owners until the IPO?
- durnygbur 5y agoIn big shortcut - usually there are few banks and institutions involved in the process of the IPO. Some of them offer individual brokerage accounts and let their customers to subscribe to shares pre-IPO at the subscription price.
- reacharavindh 5y agoThanks for the explanation. That makes sense. I thought the SEC filing shows X number of shares being brought to the IPO, which meant they would hit the market at open, but then it never is too simple ;-)
- masterof0 5y agoAre you able to use SoFI? SoFi have a pre-IPO kinda thing, that lets you buy shares "before others".
- odiroot 5y agoWouldn't you need to be a customer of one of the underwriting banks? Or, conversely, one level removed, so a customer of one of the big banks on the "VIP list" of initial buyers. I always thought retail-facing brokers are just too small fishes to be involved.
- durnygbur 5y agoe.g. Degiro enables current share owners to subscribe to new issue of shares in case of dilution, so here is the little hope I have...