Purchasing IPO's FROM online trade houses Message Board

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Technology Stocks : Purchasing IPO's FROM online trade houses

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To: Drew who wrote ()	9/28/1998 2:15:00 AM
From: VBroady	Read Replies (1) of 2

There is also another alternative you should be aware of -- there are companies out there that "pool investor resources" into sort of a consortium so that the small guys can get involved in IPOs. One such company is Wit Capitol. They offer you the ability to bid on a lot of IPOs at the intial offer price. There is a catch, however. They discourage "flipping" by charging a 5% fee on any principal sold within 30 days of the IPO. VB

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