Some investors now can buy stock in newly minted public companies before it starts trading — but that doesn’t mean they should.
From Kiplinger.com:
Initial public offerings tend to be exclusive affairs. Underwriters usually give the first crack at new stock issues to large institutions, such as pension funds, banks and money-management firms. Individual investors generally have to wait until the shares begin trading before they can get in on the action. But some discount brokers have lifted the velvet rope.
This is the portfolio of Thomas M. Anderson. He is a journalist who is passionate about telling great business stories. He is an associate editor at Kiplinger's Personal Finance. He specializes in writing about retirement planning and investing.
This is the portfolio of Thomas M. Anderson. He is a journalist who is passionate about telling great business stories. He is an associate editor at Kiplinger's Personal Finance. He specializes in writing about retirement planning and investing.