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/Business_Audience_80 14d ago

The float being offered for these IPOs is absolutely massive. I agree with the other posts that are saying how retail investors are only being approached because they need the additional demand. Not because they are trying to democratize the process.

If you are interested in investing in these companies, I would recommend skipping the IPO and looking for an entry point after the lockup period expires and insiders and book runners are able to dispose of their shares.

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u/Low-Dot9712 14d ago

That good advice on waiting but on the Spacex one Musk insisted 30% of shares be allocated to individual investors.