Supplicium Posted September 19, 2014 Report Share Posted September 19, 2014 My brother has a order limit 90$ or better and Schwab could not fill it either. We will see if it dips to 90 again today Quote Link to comment Share on other sites More sharing options...
Trouble Maker Posted September 19, 2014 Report Share Posted September 19, 2014 So, can someone explain why it was estimated to be $68, but looks like it opened at $94.50? Quote Link to comment Share on other sites More sharing options...
Littleguy Posted September 19, 2014 Report Share Posted September 19, 2014 So, can someone explain why it was estimated to be $68, but looks like it opened at $94.50? $68 is what the shares were sold for to the institutions and qualified investors who were actually buying the IPO. Once you are able to buy them in your Scottrade or whatever account you are purchasing them on the secondary market. Quote Link to comment Share on other sites More sharing options...
Zx2guy19 Posted September 19, 2014 Report Share Posted September 19, 2014 $68 is what the shares were sold for to the institutions and qualified investors who were actually buying the IPO. Once you are able to buy them in your Scottrade or whatever account you are purchasing them on the secondary market. That seriously explains so much, thanks. So who qualifies to buy it at the IPO? How do you qualify to be a "qualified investor"? Quote Link to comment Share on other sites More sharing options...
Trouble Maker Posted September 19, 2014 Report Share Posted September 19, 2014 $68 is what the shares were sold for to the institutions and qualified investors who were actually buying the IPO. Once you are able to buy them in your Scottrade or whatever account you are purchasing them on the secondary market. That's what I thought, it just boggles my mind that this means those institutions made 32%+ today on the shares they wanted to and could sell. If somehow they were able and wanted to sell all of their shares, that means they made an accumulative ~ $6B+ today. I bet they added 32% of value to that stock by buying and reselling it. :dumb: Quote Link to comment Share on other sites More sharing options...
zeitgeist57 Posted September 19, 2014 Report Share Posted September 19, 2014 People should realize that if you buy Alibaba stock, you're buying shares of their Cayman Islands holding entity. If something goes sour (which, since it's China it likely will), you'll have to sue the Cayman Islands entity, win, and then turn around and sue Alibaba in China. Good luck with that. Quote Link to comment Share on other sites More sharing options...
Tractor Posted September 20, 2014 Report Share Posted September 20, 2014 That seriously explains so much, thanks. So who qualifies to buy it at the IPO? How do you qualify to be a "qualified investor"? You really don't wanna ask that question. However I think you know why I stay out of IPO's beyond shorting the reversals. Quote Link to comment Share on other sites More sharing options...
Littleguy Posted September 20, 2014 Report Share Posted September 20, 2014 That seriously explains so much, thanks. So who qualifies to buy it at the IPO? How do you qualify to be a "qualified investor"? It's really not that out of reach to achieve in your lifetime if you work towards it. http://www.sec.gov/answers/accred.htm Quote Link to comment Share on other sites More sharing options...
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