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Reddit plans to launch IPO on NYSE in March. Anyone interested or disinterested? I've never bought IPO, how does buy it? Just curious. I suppose IPO won't appear on Thinkorswim listings when just launched?
I've never bought IPO, how does buy it? Just curious. I suppose IPO won't appear on Thinkorswim listings when just launched?
This link discusses purchasing shares before a company goes public.
Once a company has gone public (after the IPO), one can purchase shares from a brokerage company, just like they'd purchase any other public company shares.
I just purchased an IPO a few weeks ago. You must fill out some financial/trading info online with your trading platform.
I use ETrade, when the IPO becomes available they assign a price range say between $15 to $18 and you must enter a top price that you are willing to pay if it opens above that price.
You place your order say 100 shares, but you might only receive 2 shares or none.
I receive many IPO offers but only act on a very few.
I will be watching from the side. Interesting how they plan to offer their IPOs to the most active users. I have not been interested investing in social network stocks and never bought one.
Disinterested. The company has been in business for nineteen years, has over seventy million daily users and has never even come close to making a profit. The sentence: “a history of net losses and we may not be able to achieve or maintain profitability in the future.” tells it all.
In addition to the rotten finances, there is the question of ethical investing. Some people won't invest in oil/gas, liquor or gambling companies because of the problems those companies products bring to society. Even more people, particularly those who have have had people close to them die of cancer, won't invest in tobacco companies because of the same. I have no problem investing in such companies, but I draw the line when it comes to social media companies such as tic-toc and reddit. Both are vile, racist, anti-capitalist platforms designed to bring down American society. They won't get my capital.
I am with you on tic toc and staying far away. I don’t trust it.
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