Haha well the more expensive share price arguably means they’re less attractive for people who want to invest after the IPO, right?
While we’re on the subject, Lyft is a good example of a company that’s not done so well post-IPO so to mention the obvious, a sustained ‘pop’ isn’t guaranteed..
But we’ll add them quickly enough that long term investors will have plenty of time to buy the stock, if they’re a fan
Ha agreed. I actually don’t normally buy shares at or near their IPO for that very reason. Particularly the way I see tech and popular stocks behaving after an ipo where they seem to surge then trail back sometimes lower than their initial price. The only stock I bought at ipo was royal mail as I was lucky enough to be allocated shares in the public raise but I sold them that same day because of the lift.
I know you will be adding them soon as you can so I’m not too worried. Just hope to have it listed if I saw a “buy the dip” scenario from my eyes.
@astonelesschip I use Charles Schwab for this. Not sure of the alternatives. It’s a fairly long on-boarding process which will take a few weeks and you’ll need at least $25,000 unless they dropped the requirement…
You can use Interactive Brokers too.
I didn’t realise they started trading until they doubled.
I think the rally in this should continue till big ipos hit the market, if overall market is OK.
So is there a rough time scale on how long Freetrade users will need to wait? Its been a few days now since the IPO and I feel like I’m missing out on BYND by waiting for Freetrade to add it when its now on HL.
The honest answer is we just don’t know I’m afraid. A CDI will generally be created based on how much demand there is in the UK. Once we’ve seen a few more of these we should get a sense of how long it’ll take but for now, we just have to wait & see.
We did check this morning & they don’t have CDI yet.