I found this poll at ipohome and have never seen it this high for any IPO except baidu: http://www.ipohome.com/marketwatch/responses.asp
Gotta be careful with that though.. An indication that a ton of people think it's going to gap up that much is an indication that there's going to be a ton of flippers. There is no doubt that the IBKR IPO has a ton of hype behind it.
won't the "dutch auction" limit the opening range somewhat? of course if it gets "bid" the whole day or whole week it will not matter
It will probably open slightly higher but the demand should take it up because most firms(including mine) prohibit you from selling the shares for 15 days if you want to be able to participate in future IPOs. Firms do not like when people flip the shares on the first day. The demand should drive the price up just like the other exchange and hedge fund IPO's recently that priced with huge investor interest. The dutch auction is only selling so many shares and if there is immediate demand for say 20m shares that did not receive allocations then they may buy it at market on Friday. Look at GOOG which also did a dutch auction and NMX and FIG for examples of the gains to expect.
Found this on the internet about IB and the tremendous growth phase they're in: http://www.futuresindustry.org/downloads/fimag/2006/marapr06/Mar-Apr_IBG.pdf
If you want to be a flipper, go ahead and flip until they block your account from getting new IPOs, close it, and open a new account.
Whoever jumps on board this thing the first day is an absolute IDIOT. Of course, there might be a little pop, but the drop is unpredictable. How many times have you heard the words "oversubscibed" and "hot ipo"? Let me give you a few examples: Opnext IPO demand heavy, analyst firm says By Steve Gelsi Last Update: 2:56 PM ET Feb 14, 2007 NEW YORK (MarketWatch) -- Networking technology maker Opnext (OPXT : opnext inc com News , chart , profile , more Last: 14.51+1.05+7.80% 12:21am 05/03/2007 OPXT14.51, +1.05, +7.8%) may boost its price beyond its $13-$15 range for its initial public offering on Thursday, IPO Boutique reported. Opnext, a former unit of Hitachi, plans to raise about $240 million by offering 16.9 million shares with underwriters Goldman Sachs (GS : The Goldman Sachs Group, Inc The deal is multiple times oversubscribed and could increase its price, said IPO Boutique, an IPO tracking firm. Then what happened next??? It went from 19.95 on that first day to 11.96 within a month and a half. Need another example? NYMEX NMX This thing was $150 on the first day and then it NEVER saw that price again. I DOUBT that the Nymex will see 150 in the near future especially after the negative reaction from the earnings call. All this hype and "oversubscibed" news is so that the dumb traders can come pick up their shares the first day. I wouldnt touch an IPO until after the first earnings calls and a few analyst pumpers. If you do happen to make some cash off of the IPO the first day, your not an idiot. Your a *lucky* idiot.
uh, the people who bought the nymex IPO made 100% at open. The only reason for the massive spike to 150 is because of all the market orders dumped onto the market. Of course if you buy at the peak like that you're an idiot, but the IPO buyers were not. And GOOG went way above it's first day trading price.