Wednesday, April 18, 2007
IPO Update
I just placed a couple of bids in the IB IPO. Very simple. I bid to buy 200 shares if the IPO price is $27 and below and 100 shares if it is between $27 and $36. I can always alter these. So my maximum bid is for only 1.28% of my net worth roughly. Should I bid for more? I can bid for up to my account value ($14500) and it doesn't seem to have an effect on my buying power in the meantime.
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3 comments:
I just read on MarketWatch that Interactive Brokers (Nasdaq: IBKR) priced at $30.01 per share. Based on this information (assuming you haven't changed your offer), you ought to receive either 100 shares or none. Good luck to you!
I raised my bids a little and so got 200 shares.
Sounds like you did very well. As the value of you account ($14,500)would not let you bid for more than 500 shares or so.
I bid 700 shares at $37 and was only allocated 200.
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