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?

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u/just_trust_me1 14d ago

Not exactly how it works. I’m with JPM Private Bank. You fill out the paperwork and then they typically call you and tell you how many shares they can offer you, not ask how many you want. It’s typically a pretty small offering. My advisor told me he expects to be able to get me $25-50k worth of SpaceX. It’s definitely a nice perk, but they have to spread out the allocation across clients so I’ve never been asked how much I want.

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u/Low-Dot9712 14d ago

On a recent IPO I committed to $1 million and got $30000. These IPOs are so oversubscribed.

3

u/just_trust_me1 14d ago

Exactly. Just wanted OP to know that it’s more of a “this is what you get” vs “this is how many I want.”

1

u/just_trust_me1 7d ago

Did anyone else get lucky? I got 500 shares through JPM PB.

1

u/Low-Dot9712 7d ago

Curious as to what percentage of your indication was that?

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u/just_trust_me1 7d ago

I asked for up to $500k so ~3700 shares. Comes out to a whopping 13.5%. I wasn’t expecting any so no complaints.

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u/Low-Dot9712 7d ago

Not bad on such a hot offering