Main Street only has a small chance to get in on the red-hot initial-public-offering market. Here's how.
All of these stocks shot up by at least 25% in their initial trade. Zoom topped the list with an 81% gain. The ride-hailing unicorn Lyft has proved to be a notable exception, with shares eeking out a small gain on the first day of trading beforeDespite the volatility, the IPO market remains red-hot with more companies to follow, including the mega-unicorn Uber which may seek aDespite this activity, many small investors will struggle to get a piece of the pre-IPO action.
IPOs with strong demand are over-subscribed and investors usually only receive a part of their maximum indication, sometimes as low as 10-20%, with the brokerage firm deciding the exact amount each investor receives. "Historically if my broker called me up and tried to sell me on an IPO, I would say, 'This is not a good idea,' and take a pass," Timothy Loughran, a finance professor at the University of Notre Dame."The only time they were going to go down to someone like me is if the IPO is having trouble and they're having trouble placing the shares."
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of America posts another record quarterly profit on strength of Main Street lendingCEO Brian Moynihan has focused on methodically trimming costs while looking for profit opportunities that fit his 'responsible growth' mantra
Read more »
Indian-owned coal mine a flashpoint for Australian electionOn the main shopping street in the tropical north Australian city of Townsville,...
Read more »
Turkey detains nine people over attack on main opposition leaderTurkey has arrested nine people, including a member of the ruling AK Party, afte...
Read more »
Notre Dame’s main towers saved as fire engulfs the Paris cathedralImages and videos were being widely shared across social media as the blaze intensified.
Read more »
India's richest man backs candidate from main opposition partyIndia's wealthiest man and its richest banker are backing a politician of C...
Read more »
WGA sues four main talent agencies over packaging fee disputeThe union said it has filed suit in Los Angeles Superior Court against the agencies — CAA, WME, ICM Partners and UTA — alleging that the widespread use of packaging fees violates state and federal laws.
Read more »
Alberta's main party leaders in Canada's provincial voteAlberta, Canada's main oil-producing province, is voting on Tuesday to elec...
Read more »