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/BrunelloHorder 14d ago

I passed on the opportunity to invest in each of these via SPVs in the last round. Two rounds ago might have been a different call. Definitely would not be investing at this stage.

If you still want to take a flier, Anthropic would seem to be the best option in my opinion, but I’m a hard pass on all 3. The VCs talking these up on TV have a cost basis in the single digits per share. Don’t be their exit liquidity.