Chapter 1
Getting IPO Shares
The most common question I get from investors is: How do I get shares in a hot initial public offering (IPO)? After all, many IPOs have strong gains on the first day of trading. During the dot-com boom of the late 1990s, there were many that more than doubled. The environment got so crazy that Barbra Streisand offered free concert tickets to get allocations of hot IPOs.
But even as things have calmed down, there are still IPOs that surge. And yes, they get lots of headlines.
Unfortunately, it is extremely difficult to get shares at the offering price. Instead, often individual investors have no choice but to buy the stock once it starts trading, which can be risky. If anything, it is usually a good idea to wait a ...
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