If this is any indication of the IBIPO

Discussion in 'Stocks' started by mde2004, May 2, 2007.

  1. mde2004

    mde2004

    I got less than a 1/3rd damnit. I guess I will grab at least 1k tomorrow at open. I am pissed.
     
    #21     May 3, 2007
  2. Sanjuro

    Sanjuro

    It looks like most people were allocated 25-30% of requested shares (rounded to the nearest 100) of the size they bid for.

    There was most likely a huge number of bids at $30 so to fill everyone at $30 and above equally percentage-wise, everyone had a reduced number of shares.

    The good thing about this is that IBKR should never see the actually IPO Price of $30 since there is still 70% of unfilled shares that people were willing to pay at this price.

    I'm holding my shares for the long-term (1-2 years). One of biggest mistakes of last year was not holding ICE longer and selling it for a 5 point (10%) gain at 58.
     
    #22     May 3, 2007
  3. JamesJ

    JamesJ

    the bids @30 didn't even count since offering price 30.01....
    huhu... demand was extremly huge then... wonder where it would have priced if they took the "real" auction price, guess >35$ maybe >40$...
     
    #23     May 3, 2007
  4. mde2004

    mde2004

    I am one of the people who is willing to pay up to $39 tomorrow to get the rest of my shares filled.
     
    #24     May 3, 2007
  5. Sanjuro

    Sanjuro

    It says 30.01 on Yahoo but in the IPO Auctions, it says $30 for Allocation Price.

    This is crazy for such a small allocation on a Dutch Auction unless the final price had a huge number of shares greater than all the share above that final price.
     
    #25     May 3, 2007
  6. mde2004

    mde2004

    The penny is not shown because its an IPO and it doesn't really matter except for the fact if you bid 30 even you are not happy right now.
     
    #26     May 3, 2007
  7. hajimow

    hajimow

    I will put an order for 2000 shares at $55.
     
    #27     May 3, 2007
  8. The IBIPO auction for Interactive Brokers Group, Inc. has been completed. The offering price has been set at $30.01 and 40,000,000 total shares are being offered. All auction participants with valid bids at or above the offering price will receive shares.

    Because your bid was below the offering price, you will not be allocated any shares. :(
     
    #28     May 3, 2007
  9. mde2004

    mde2004

    The thing should also read that people who received shares got less than 1/3rd of what they wanted= high demand tomorrow
     
    #29     May 3, 2007
  10. Sanjuro

    Sanjuro

    Wow, I guess there was huge bids at 30.01. I just checked my email and I got the allocation email.
     
    #30     May 3, 2007