Corrie Driebusch
speaker
416 appearances
8 recordings
1 series
first heard Oct 2018
last heard Oct 2024
Corrie Driebusch’s voice in public audio — every appearance, attributed to the second.
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Appearances
The first day of trading, it jumped up and closed at over $100 a share.
So that is a big increase.
And if you had bought at the open, and actually the stock went up even more than that during the day and ended up closing at $100.
So if you had bought during the day, you might have actually seen a loss the first day if you hadn't gotten at the IPO price of $78.
So that's just one of the ways that individual investors can be disadvantaged if they're not able to buy at the IPO price.
Typically, most years, if you look at the basket of companies that went public, if you bought them all and you held them all through the end of the year, typically that return will be bigger than S&P 500 on average.
Obviously, some years are different than others.
But as with anything, that involves not quickly selling and trying to time the market.
And as any individual investor knows,
Who probably reads the Wall Street Journal hopefully knows the recommendation by most financial advisors is don't try to time the market.
So that's the benefit of IPOs, if you can get the IPO price.
And that's only if you can get the IPO price, which is one of the reasons...
For a long time, there's been this feeling, and I quoted from my story recently, I quoted an individual investor who was saying he grew up thinking IPOs are where the rich people put their money.
And it was only recently that he actually bought his first IPO at IPO price because there's this feeling, probably rightfully so, that you can't get in.
And it's just how maybe the rich get richer by getting to participate, but most people can't do it.
So SPACs, as you mentioned, special purpose acquisition companies, it's a lot to swallow.
They're basically shell companies and they go public and raise money with the sole purpose of merging with a private company and bringing it public.
so that another company that's private that maybe wants to be traded can take over the ticker symbol and suddenly be traded on the stock exchange.
So when you put money into a SPAC, you are trusting the people who lead that SPAC to find a good company and to get a good deal on that company.
So this has been a busy year for these quote unquote blank check companies.
Showing 101–120 of 416 · page 6 of 21
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