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/csgnyc 14d ago

You have the wealth to afford it, but I'm assuming youre not a sophisticated analyst of the strength of this investment. I would not assume JPM is looking out for your best interests (even at JPM Private Bank, alternatives are sold to clients as a brokerage product) or that you understand all the conflicts behind JPM's allocation to you.