>How do you go about Getting in on an IPO like GENVEC.
mark.
well, for one, i'd highly recommend you contact one of the underwriters before considering an investment in genvec. they will provide a prospectus and should be able to answer specific questions. i'd also request an investors packet from the company itself which at minimum will also contain the prospectus. (please see my initial post for the phone numbers.)
i'm not sure how much interest and hype there is around this ipo, although if you've seen the action on entremed today, that could be telling. genvec looks to offer 2.5 million shares which the underwriters will sell at a set tbd ipo price ($11-13 now, but that's easily subject to change). in general, unless you have an account with one of the underwriters and in addition, if the demand is high, you must often be a "preferred" customer (cf. netscape), you won't get the ipo price. hence, for the majority of individual investors, you must wait until the first day of trading. given this scenario, it's generally perceived that one should wait until the stock 'settles' before buying. often ipo's will go to the moon and within several months to a year drop back to or below the initial offering price. if you still believe it's got potential, then this is the time to get in.
of course, all this is probably moot to you if you're a trader. i'm not.
sm:)e
here's more on ipo's: invest-faq.com
hope this helps. i'd be interested in knowing what you eventually decide.
-chris. |
