Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 05-08-2012, 06:17 PM   #21
Full time employment: Posting here.
EvrClrx311's Avatar
 
Join Date: Feb 2012
Posts: 524
The only IPO I've played recently was Tesla... I knew the media would be all over that because green energy and electric cars make for flashy headlines. Bought in at $17 in that morning, and sold at $28 the same afternoon ... despite making a quick 60%, just seeing what happened to the price on that opening day scared me away from IPOs... I could just have easily gotten in at $28 and sold at $17 the next day when it went back down.

I'll stick to my slow/boring methodical means for investing... chasing quick returns is too stressful
__________________

__________________
EvrClrx311 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 05-08-2012, 06:19 PM   #22
Thinks s/he gets paid by the post
obgyn65's Avatar
 
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
No.
Quote:
Originally Posted by explanade

Anyone ever do an IPO?
__________________

__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
obgyn65 is offline   Reply With Quote
Old 05-08-2012, 06:21 PM   #23
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Brat's Avatar
 
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 5,914
My DD has done a couple from a VC chair. The fees of lawyers and the issuing house are significant.

The one bit of wisdom I gleaned from our conversations over the years is when you buy an IPO the executive to watch is the CFO. If the company is having problems that position is a hot potato that no one wants to hold at the end.
__________________
Duck bjorn.
Brat is offline   Reply With Quote
Old 05-11-2012, 04:07 PM   #24
Full time employment: Posting here.
NYEXPAT's Avatar
 
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 886
Interestingly enough the Fed recently disclosed one of the founders gave up his US citizenship in 2011 in order to minimize the exit tax on his 3.2 billion FB holdings.
__________________
NYEXPAT is offline   Reply With Quote
Old 05-11-2012, 04:20 PM   #25
Thinks s/he gets paid by the post
frayne's Avatar
 
Join Date: Oct 2002
Location: 19th Hole
Posts: 2,535
A sucker is born every minute. Who said dat ?
__________________
A totally unblemished life is only for saints.
frayne is offline   Reply With Quote
Old 05-11-2012, 05:48 PM   #26
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,492
Quote:
Originally Posted by NYEXPAT View Post
Interestingly enough the Fed recently disclosed one of the founders gave up his US citizenship in 2011 in order to minimize the exit tax on his 3.2 billion FB holdings.
That is a smart move on his part. He moved here as a child, went to private school and Harvard and somewhere along the line became a US citizen, was involved in a startup, got a share but not a role. He has no ties to the US and doesn't live here, so why stay?
__________________
MichaelB is offline   Reply With Quote
Old 05-11-2012, 06:33 PM   #27
Moderator Emeritus
 
Join Date: Oct 2007
Posts: 4,929
Quote:
Originally Posted by MichaelB

That is a smart move on his part. He moved here as a child, went to private school and Harvard and somewhere along the line became a US citizen, was involved in a startup, got a share but not a role. He has no ties to the US and doesn't live here, so why stay?
There's an additional motive. Eduardo Saverin recently moved to Singapore, and with FATCA, it's really hard for a US citizen to set up banking and investment accounts there. Local accounts have the advantage of untaxed capital gains under Singapore law.

http://www.businessweek.com/news/201...ion-rule-looms
Quote:
“I don’t open U.S. accounts, period,” said Su Shan Tan, head of private banking at Singapore-based DBS, Southeast Asia’s largest lender, who described regulatory attitudes toward U.S. clients as &ldquoraconian.”
__________________
M Paquette is offline   Reply With Quote
Old 05-15-2012, 07:57 AM   #28
Thinks s/he gets paid by the post
 
Join Date: Jul 2010
Location: Chicago
Posts: 1,001
Quote:
Originally Posted by explanade View Post

Offering price is $26-35 they say.

.
Just got notification they amended the prospectus max offer price to $38. They expect the pricing range to be between $34 and $38 now.
__________________
Dimsumkid is offline   Reply With Quote
Old 05-15-2012, 09:46 AM   #29
Thinks s/he gets paid by the post
 
Join Date: May 2008
Posts: 3,424
Hmm, maybe the demand isn't that great.
__________________
explanade is online now   Reply With Quote
Old 05-15-2012, 09:55 AM   #30
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
kcowan's Avatar
 
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 5,739
Send a message via Skype™ to kcowan
Yes let's raise the price to stimulate demand!
__________________
For the fun of it...Keith
kcowan is offline   Reply With Quote
Old 05-15-2012, 10:39 AM   #31
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Brat's Avatar
 
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 5,914
What is odd is that you want the price of the stock to go up after it goes public.
__________________
Duck bjorn.
Brat is offline   Reply With Quote
Old 05-15-2012, 10:46 AM   #32
Full time employment: Posting here.
EvrClrx311's Avatar
 
Join Date: Feb 2012
Posts: 524
my guess is we'll see it swing wildly between $25-$40 on opening day... but by year end it'll settle in the $20-25 range...

if you're a gambler... this will be fun. Long term investors are risking a lot by putting anything more than "fun money" into FB

The price change up is FB insiders banking on people buying facebook stock just to own a piece of the iconic company, doesn't matter if its $30, $100 or $1,000 a share - they just want something on IPO day. They hope a sizable fraction of shares will end up in the hands of people who just wanted in on the action from the start, no matter the cost, and don't plan to sell anytime soon because its not an investment in their eyes... just a novelty
__________________
EvrClrx311 is offline   Reply With Quote
Old 05-15-2012, 10:50 AM   #33
Thinks s/he gets paid by the post
 
Join Date: Jul 2005
Posts: 3,862
But you only want it to go up 10% or so. You don't want to give away your shares by pricing them too low. GM did the same thing and it worked OK for them. Of course that didn't last long, but long enough to beat the 15 day Fidelity required IPO holding period.
__________________
Animorph is offline   Reply With Quote
Old 05-15-2012, 12:13 PM   #34
Thinks s/he gets paid by the post
 
Join Date: Sep 2006
Posts: 1,698
If I had a chance to get shares of Facebook at the IPO price and had any speculative money at all, I would jump at the chance. While you can never know what will happen in a market like this the odds are I think it will be over $70 after the first day and I'd be willing to gamble some money on that myself
__________________
Running_Man is offline   Reply With Quote
Old 05-15-2012, 04:35 PM   #35
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Brat's Avatar
 
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 5,914
My daughter told me that FaceBook employees have been buying homes with FB shares as a part of the deal. Talk about a complex closing!
__________________
Duck bjorn.
Brat is offline   Reply With Quote
Old 05-15-2012, 05:13 PM   #36
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
clifp's Avatar
 
Join Date: Oct 2006
Posts: 7,451
Quote:
Originally Posted by Running_Man View Post
If I had a chance to get shares of Facebook at the IPO price and had any speculative money at all, I would jump at the chance. While you can never know what will happen in a market like this the odds are I think it will be over $70 after the first day and I'd be willing to gamble some money on that myself

I wouldn't want to buy it on the first day, but at the IPO I think it would be a worthwhile gamble. I'd say there is an equal chance of it being $70 at the end 30 days or $15.

They are only going to be selling a small piece of the company and there is a lot of interest in the company. They are valuing it at $~100 per user and there is certainly no reason that Facebook couldn't have 2 billion in the next 5 years.

Of course by conventional metrics revenues, P/E cash flow it is very expensive and todays new that GM wouldn't be advertising on Facebook is very bad news. But only if you assume that GM's marketing department knows what they are doing.
__________________
clifp is offline   Reply With Quote
Old 05-15-2012, 10:46 PM   #37
Recycles dryer sheets
 
Join Date: Sep 2008
Posts: 353
Government Motors has no idea what they are doing.
That's how they got where they are today. }

My order is in for 500 @ 25.00. Just for fun. Will I get it?
Who cares? LOL LOL
__________________
almost there is offline   Reply With Quote
Old 05-16-2012, 04:05 PM   #38
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
kcowan's Avatar
 
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 5,739
Send a message via Skype™ to kcowan
Quote:
Originally Posted by Brat View Post
My daughter told me that FaceBook employees have been buying homes with FB shares as a part of the deal. Talk about a complex closing!
That makes sense. RE is at all time lows. They can quickly convert their shares into something with intrinsic value. All they need to do is trade in their stock certificate:

__________________
For the fun of it...Keith
kcowan is offline   Reply With Quote
Old 05-16-2012, 06:40 PM   #39
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
clifp's Avatar
 
Join Date: Oct 2006
Posts: 7,451
Quote:
Originally Posted by kcowan View Post
That makes sense. RE is at all time lows. They can quickly convert their shares into something with intrinsic value. All they need to do is trade in their stock certificate:
That makes sense. Although I believe Silicon Valley real estate is doing very well and didn't get slammed to badly during the crisis. The house I sold in 99 is worth 70% more than when I sold it.

I figured out that dot com bubble was going to burst when my friend's 50 person B2B ecommerce company went public at at market cap that exceeded the value of all the real estate sold in Silicon Valley in the last year.

Even with a median house price of $2.3 million in Palo Alto, the Facebook valuation will be worth more than all of the real estate in Palo Alto plus several smaller cities combined.
__________________
clifp is offline   Reply With Quote
Old 05-17-2012, 02:22 AM   #40
Thinks s/he gets paid by the post
obgyn65's Avatar
 
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
I have never own a single share. Even if I was given some Facebook shares free, I still would not take them.... That sums it up for me.
Quote:
Originally Posted by almost there View Post
My order is in for 500 @ 25.00. Just for fun. Will I get it?
Who cares? LOL LOL
__________________

__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
obgyn65 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 01:43 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.