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The [New Issues/IPO] thread - AQN $13.25

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[OP]
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The [New Issues/IPO] thread - AQN $13.25

Figure we may as well have one for ALL NEW ISSUES discussions, to get everyone's take on buy or no buy

Personally I got lucky with some buys in 2016, at least I saved on commissions :) Obviously missed out some like FNV and WCP back in Jan-March lows
  • ENB, $55.x, 30% gain << CRAZY
  • ENF, +7% now, 7% yield
  • STN, +8%, SOLD ~$33
  • TRP, 10% gain, SOLD too early, now $62 :(
  • KEY, +8% gain, SOLD ~$39.1
  • AQN, +6% gain, SOLD $11.53

How to buy?
For TD: TD WebBroker > Trading > New Issues > find the company you want and place expressions. You can subscribe alerts there too

Notes
In most cases, the existing stock will drop to the new issue price next day. Rarely would it go up unless market really liked the reason behind the sale/dilution
For example, ENF was $34.51 before the new issue at $33.15 came out, and it dropped -4% to $33.13-$33.31 next day

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Last edited by jerryhung on May 17th, 2016 4:31 pm, edited 14 times in total.
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787 replies
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I'm looking at AQN... but 5% discount seems really weak. For a sale of 17% of market cap... I feel like price tomorrow will drop to same level or below. Thoughts?

I may pass on this one. My ENF and Hydro One are doing great though.

edit: Put myself down for 200 shares. Let's see if they fill, won't be too hard pressed if they don't. May even cancel if I see share price dive below offering tomorrow lol.
[OP]
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PunPryde wrote:
May 17th, 2016 6:25 pm
I'm looking at AQN... but 5% discount seems really weak. For a sale of 17% of market cap... I feel like price tomorrow will drop to same level or below. Thoughts?

I may pass on this one. My ENF and Hydro One are doing great though.

edit: Put myself down for 200 shares. Let's see if they fill, won't be too hard pressed if they don't. May even cancel if I see share price dive below offering tomorrow lol.
5% is not bad, quite normal. Some are 2-3% discount only

MOST new/secondary issues will bring the prices to the lower price, or even lower as expected
Just like recent H's secondary, $23.65 ... market price went to $23.2x next day I think .... but it's back to near $24 now, so not too bad (I got 100% allocation on that, ouch)


Anyway, AQN offer is closed in TDDI now
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jerryhung wrote:
May 17th, 2016 7:44 pm
5% is not bad, quite normal. Some are 2-3% discount only

MOST new/secondary issues will bring the prices to the lower price, or even lower as expected
Just like recent H's secondary, $23.65 ... market price went to $23.2x next day I think .... but it's back to near $24 now, so not too bad (I got 100% allocation on that, ouch)


Anyway, AQN offer is closed in TDDI now
Yeah, i was able to cancel my Hydro One secondary expression of interest phew! Bankers messed up on that one and the Govt got greedy, it didn't even fully sell on virtual brokers, expired with shares leftover.

AQN still open on Virtual Brokers.
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Feb 11, 2009
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PunPryde wrote:
May 17th, 2016 7:48 pm
Yeah, i was able to cancel my Hydro One secondary expression of interest phew! Bankers messed up on that one and the Govt got greedy, it didn't even fully sell on virtual brokers, expired with shares leftover.

AQN still open on Virtual Brokers.
Hydro ones been hovering between $23.80-$24.00 so not necessarily that big of a fail :)
Selling Grizzly Privy Maple Leafs - $33 ea - PM!
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AQN closed on RBC DI pretty much instantly... missed on this one.

Shouldn't we add Crius Energy Trust as well? Popular or not... it is IPO (subscription receipts though).
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No fill on my AQN request at Vbrokers yet
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AQN 200 shares filled. 100%. Looks good right now... market price didn't come down to the offering price :) and a nice yield of course.
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Got this TD email just now
not bad, KEY is $38 now, which is 4.5% above final price
Issue Completed - Keyera Corp.‏
Short Description: Treasury Offering of Common Shares via Bought Deal
Final Price: $36.35 CDN per share.
Settlement: May 24, 2016.
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seems new shares of AQN will be traded on May 24th.
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Sorry for the dumb question. How can i buy AQN@10.85 in TDDI? Do I just set up a limit buy at 10.85?
[OP]
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redflagdealboy1 wrote:
May 18th, 2016 2:04 pm
Sorry for the dumb question. How can i buy AQN@10.85 in TDDI? Do I just set up a limit buy at 10.85?
Too late now. Of course you can buy on the market

TD WebBroker > Trading > New Issues > find the company you want and place expressions
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5/18
Canadian Energy Services & Techonlogy Corp. - CEU $3.00 CAD
3.5% Discount
1% Dividend Yield
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Thanks Jerry. I didn't know about this feature.

The only common share open I see it's "Kew Media Group Inc. - Units".
Is this a good company. I dont know anything about it and I cant find any info about this company in google.

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