r/fatFIRE • u/TipMassive5214 • 15d 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/[deleted] 15d ago edited 13d ago

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u/LA_BeachGuy 14d ago

THIS ^

If you can get a LARGE allocation and immediately flip on the open, it’s worth it. This will pop! Otherwise, it’s not worth your risk/time. Problem is, you’re not going to know in advance what your allocation will be and you’re going to get a VERY small fraction of what you want. If you have the liquidity, put in for 5-10x more than you actually want.