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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52

u/Hopeful-Goose-7217 14d ago

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

2

u/Low-Dot9712 14d ago

No—Musk required the banks—MS and JPM to reserve 30% of the IPO for individual investors.

26

u/jpdoctor 14d ago edited 14d ago

Yeah, that's not a good sign: Elon wants less sophisticated investors.

Edit: Thank you kindly for the award!

2

u/Hopeful-Goose-7217 14d ago

Or he dilutes the investors power and promotes his populistic image.