[On :freetrade:] Beyond Meat (BYND) 🥬 🥩

Bumping this one up again as it’s due to IPO soon and I really want freetrade to add it when they can :joy:

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Yeah would be great to support beyond meat, please get it on freetrade!

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Does anyone know the likelihood of this being added? Even so, will it be added so that we can invest on launch day or will there be a delay?

I created this account just to ask :cow:

Edit ~ Just found this on Twitter by Freetrade on 27th April:

we plan to introduce this but it may be a little while after they launch. In the meantime you can vote for it here!

Gagh! I guess we all need to looking to another platform to get in on this then.

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That’s right, here’s more info about our process for adding stocks after an IPO -

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Thanks for the reply @Freetrade_Team1, I can understand why now and it seems reasonable.

I don’t know if links to 3rd party sites are ok but this Guide to IPOs was good reading for me, and maybe other newbies too, https://www.barclays.co.uk/smart-investor/investments-explained/shares/understanding-initial-public-offerings-ipos/

Once the company begins trading to the wider public on the US stock market will it instantly show up in Freetrade or does it have to be manually added by the Freetrade team? :cow:

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I’m glad to hear it :pray:

We’ll still need to add it manually, we’re going to share a post explaining our process for adding companies once they IPO in the community soon.

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Definitely hope you guys can add it before the price skyrockets! :+1:

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They’ll be IPO’ing soon, and it would be good to get them on freetrade as soon as possible once they’re public
(I see Lyft & Pinterest are not yet available, but I imagine there’s strong user demand - are there additional complexities with adding new public co’s?)

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Hey Ben :wave:

Thanks for requesting Beyond Meat, there’s a #stock-requests topic for them here so I’ve moved your post over.

Adding this stock’s not quite as easy as we’d like yet, I’ve shared some more details about the process here.

Feel free to ask if you have any more questions :slight_smile:

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So you’re teasing us now @Freetrade_Team1 ? :joy:

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Haha well the more expensive share price arguably means they’re less attractive for people who want to invest after the IPO, right? :money_mouth_face:

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 :raised_hands:

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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.

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And they’re live :seedling::chart_with_upwards_trend:

They raised more than initially planned, so will be interesting to see how it goes.

https://www.bloomberg.com/news/articles/2019-05-01/beyond-meat-ipo-raises-241-million-as-veggie-foods-grow-fast

You can also check our update on when we’ll be adding new US stocks here:

https://community.freetrade.io/t/when-will-the-2019-tech-ipos-lyft-uber-pinterest-zoom-etc-be-on-freetrade/8290/

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Cant wait for this one. I was tempted to buy in on HL but will stick with my guns and wait for Freetrade to launch it. Hope it happens soon!

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Here it is: https://www.nasdaq.com/symbol/bynd

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Me too! I even had one for dinner tonight :hamburger:

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ohhh boy! I guess correction will follow

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How would someone UK based go about buying into an US IPO rather than wait for them to start trading?

@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…

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