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How to get in on IPOs early // anyone using Fidelity?

  • 17-02-2021 5:32pm
    #1
    supersonic21
    Registered Users, Registered Users 2 Posts: 54 ✭✭


    Hey. Been looking into getting in on IPOs earlier - currently using drivewealth and by the time it allows me to buy IPOs it's crazy late. ]

    I know that there are some US brokerages like fidelity that offer access to IPOs. Does anyone know if this is the same with Irish Fidelity? any broker recommendations? IB rejected my application, but I left it a couple of weeks without verifying my account with my address, so not sure if I should just reapply.

    Thanks for any help


Comments

  • #2
    listermint
    Registered Users, Registered Users 2 Posts: 34,216 ✭✭✭✭listermint


    Wants to get in on IPOs quicker , delays and doesn't fill out application form for registration with broker
    ...


    Win.


  • #3
    supersonic21
    Registered Users, Registered Users 2 Posts: 54 ✭✭supersonic21


    listermint wrote: »
    Wants to get in on IPOs quicker , delays and doesn't fill out application form for registration with broker
    ...


    Win.

    lol I had no valid proof of address so by the time the bank got it to me it was rejected


  • #4
    Shedite27
    Registered Users, Registered Users 2 Posts: 9,469 ✭✭✭Shedite27


    The problem with IPOs is that the people issuing them do it relatively manual. So if you’ve 2m shares to give at IPO, it’s easier to deal with big banks than average Joes. So most IPOs are only offered (and oversubscribed) by investment banks.

    By the time they open for us (secondary market), the good ones have doubled in price.

    There’s one company Freedom24 that will allow you apply (they pool their customers together to be like one big application), but even then it’s way oversubscribed. I got one ABNB share out of an application for 40


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