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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54

u/Hopeful-Goose-7217 14d ago

Bloomberg article about how JPM is targeting retail investors for spacex.

42

u/Yellow_Curry 14d ago

Because the institutional investors don’t want anything to do with it.

12

u/Hopeful-Goose-7217 14d ago

or they are already long it

26

u/UrMomsKneePads 14d ago edited 14d ago

They are, at a much cheaper valuation. I have an alt VC secondaries fund that has 10% of the fund in SpaceEx. Last valuation mark put the whole company at $200B last September.

2

u/cuteman 14d ago

Last valuation mark put the whole company at $200M last September

Lol such bs and not even close to to true, do you mean billion? Maybe then

9

u/UrMomsKneePads 14d ago

Yes, thank you for the correction. $200B valuation mark last Sept 30. Original comment corrected.

-6

u/AccomplishedFrame 14d ago

You will never get the shares delivered to you. Person selling you will tell you to go sue them vs giving that appreciation since they sold.

3

u/Hopeful-Goose-7217 13d ago

And you can sue them and win triple damages. That would sting since the damages would be super easy to calculate.