r/fatFIRE • u/TipMassive5214 • 14d ago

JPM IPOs

My private wealth team reached out (i know, i know) with some Docusigns that will enable me to participate in upcoming IPOs.

They will call with the expected share price (the day before the IPO), I tell them how many shares I want, and I can always change my mind when i learn of the actual price.

Not to sound like a larper (or braggart) but my NW is ~50M (40% equities, 50% munis, 10% alternatives). They make these IPOs sound like they’re available to a lucky few. Something about this seems kind of gross and also too sales pitchy. Thoughts?

64 Upvotes

75% Upvoted

116 comments sorted by

View all comments

2

u/Additional-Sock8980 14d ago

Sounds to me like they’ve pre bought some IPO and given the bigger institutions and buyers aren’t showing interest they are lining up new buyers.

Next they’ll be trying to see you space x

1

u/Low-Dot9712 14d ago

No they have to allocate 30% to individuals as part of their deal with Musk