Skip a lot of new offerings for these reasons alone. A lot of times you can buy the shares for around the same price in the open market. If it's something I intend to flip, I'm ok with paying a slightly higher price since offerings take time to close and I can get the number of shares I want.jerryhung wrote: ↑May 17th, 2016 7:44 pmMOST 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)
Hydro One was one of those perfect storm situations. As soon as it hit below the offering price, I just started accumulating shares. It's a good long term hold.