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#1
05-01-2007, 08:14 PM
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Brokerage offers me piece of IPO....
i log in and get a message that i am eligible for an offering through my brokerage account.
the company is called Interactive Brokers, Inc. website here www.interactivebrokers.com prospectus here http://www.sec.gov/Archives/edgar/da...174744zs-1.htm they are offering a chance to make a conditional offer with a price range of $27.00 to $31.00 and a minimum investment of $3,100.00 this would be a first for me so i don't know anything about it. what do some of you financial sages think of this? should i jump on it or is it nothing special? the date of the IPO is friday so i think i have to make a decision quick. thanks a lot for any advice 
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#2
05-01-2007, 11:10 PM
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Re: Brokerage offers me piece of IPO....
I wouldnt, if youre looking for a quick flip. This is an auction IPO, as opposed to an aollocated Ipo, meaning a lot of shares will be going to retaiol accounts (like you) looking to sell on the open for a quick profit. Maybe you see a $.25 "pop" on the open, just my guess. However, if your looking to be an investor and own the stock for a decent amount of time learn about the company, this link might help
http://www.ipohome.com/common/ipopro...sp?ticker=ibkr
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#3
05-01-2007, 11:48 PM
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Re: Brokerage offers me piece of IPO....
[ QUOTE ]
this would be a first for me so i don't know anything about it. [/ QUOTE ] You don't even need to bother the sages. Even a newb like me can give you the answer. No.
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#4
05-03-2007, 10:00 PM
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Re: Brokerage offers me piece of IPO....
The Ipo priced at 30.01, the people I know who put bids in on average were only allocated 30% of what they wanted. This could mean a modest pop, but I still believe it will be something of a dud. Gl to those who are participating.
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#5
05-03-2007, 11:31 PM
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Re: Brokerage offers me piece of IPO....
[ QUOTE ]
I wouldnt, if youre looking for a quick flip. This is an auction IPO, as opposed to an aollocated Ipo, meaning a lot of shares will be going to retaiol accounts (like you) looking to sell on the open for a quick profit. Maybe you see a $.25 "pop" on the open, just my guess. However, if your looking to be an investor and own the stock for a decent amount of time learn about the company, this link might help http://www.ipohome.com/common/ipopro...sp?ticker=ibkr [/ QUOTE ] Hey, that's my cousin's firm, cool!
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#6
05-04-2007, 03:22 AM
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Re: Brokerage offers me piece of IPO....
[ QUOTE ]
[ QUOTE ] I wouldnt, if youre looking for a quick flip. This is an auction IPO, as opposed to an aollocated Ipo, meaning a lot of shares will be going to retaiol accounts (like you) looking to sell on the open for a quick profit. Maybe you see a $.25 "pop" on the open, just my guess. However, if your looking to be an investor and own the stock for a decent amount of time learn about the company, this link might help http://www.ipohome.com/common/ipopro...sp?ticker=ibkr [/ QUOTE ] Hey, that's my cousin's firm, cool! [/ QUOTE ] interactive brokers is your cousin's firm?? wow. awesome! Barron
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