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The [New Issues/IPO] thread - ENF $33.15, CVE $16

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  • Jul 19th, 2017 2:42 pm
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Deal Expert
Feb 11, 2009
15607 posts
1702 upvotes
Toronto
2004acura wrote:
Mar 16th, 2017 1:36 pm
And of course, you never heard of ATH.TO or participated
Or JOY.TO, NBZ.TO
None of those are new issue IPO's. Those are secondary offerings. Completely separate boat.

Unless you're talking about when they IPO'd. Which you're right I have no idea about pricing then, but I doubt the opening price was less than IPO price.
Selling Grizzly Privy Maple Leafs - $33 ea - PM!
Deal Addict
Oct 1, 2004
3619 posts
202 upvotes
Toronto
I requested 5000 shares x 2 accounts, and 5000 shares with the TD wait list... got nothing at all man definitely missed out. Is it random how the shares are allocated?
Newbie
Aug 2, 2015
98 posts
23 upvotes
deal_with_singh wrote:
Mar 16th, 2017 12:45 pm
Not really, you;re looking at trailing numbers, use Forward numbers and you'll see why its justified. Major expansion plans, etc. that can boost these numbers insanely.

Either way I'm not in it for the long run, hoping to get out soon. Had my sell order at $25, HOD is sadly $23.98

Changed my orders to sell:
100@ $22
100@$23
100@ $24
100 @ $25



Didn't get jack for the waiting list orders either.
Where you finding forward numbers? I'm only able to find trailing
Deal Expert
Feb 11, 2009
15607 posts
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Toronto
PeterG684243 wrote:
Mar 16th, 2017 2:12 pm
Where you finding forward numbers? I'm only able to find trailing
Sorry I probably worded it a bit off. I was just looking at the MDNA, and "made up" some numbers based on where I think its headed. I.e. one of the things I factored in was an increase of DTC revenue. Currently 89% wholesale and 11% DTC. If wholesale stayed consistent and DTC doubled, for instance, the impact on revenue etc.. I don't think there's any numbers posted as management estimates yet.
Selling Grizzly Privy Maple Leafs - $33 ea - PM!
Deal Expert
Feb 11, 2009
15607 posts
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jerryhung wrote:
Mar 16th, 2017 3:11 pm
Look at SNAP IPO
from $29 to now $19.x in a week...

52 week 19.80 - 29.44
Been trying to short this since...still no luck with TD
Selling Grizzly Privy Maple Leafs - $33 ea - PM!
Member
Oct 31, 2006
445 posts
70 upvotes
I'm assuming that you guys unload the IPOs shares at the end of day or relatively quickly.

Financial literature states that IPOs are typically underpriced initially but in the long-term under perform the market. If you bought equal amounts of all IPOs, you would get high average returns on the IPO day. You can attribute this to winner's curse/information asymmetry or institutional explanations. However, in the long run IPO stocks under-perform other firms of similar size during the three to five years after IPO.
Jr. Member
Feb 27, 2008
151 posts
40 upvotes
For Canada goose was anyone able to purchase around 17$. ?

I tried but got at 23$ :(

How do people get to buy at offering price vs opening price?
Do we need special broker connections?
Deal Expert
Feb 11, 2009
15607 posts
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Paymethemoney wrote:
Mar 16th, 2017 5:36 pm
I'm assuming that you guys unload the IPOs shares at the end of day or relatively quickly.

Financial literature states that IPOs are typically underpriced initially but in the long-term under perform the market. If you bought equal amounts of all IPOs, you would get high average returns on the IPO day. You can attribute this to winner's curse/information asymmetry or institutional explanations. However, in the long run IPO stocks under-perform other firms of similar size during the three to five years after IPO.
The only IPO I've held long run is Hydro One. Was able to sell at much higher prices later on (outperformed the market up until that point). Unfortunately half of the shares that I didn't unload came back tumbling...still above IPO price though and a healthy dividend so don't mind it at all.
Selling Grizzly Privy Maple Leafs - $33 ea - PM!
Deal Addict
Nov 23, 2008
1897 posts
396 upvotes
jerryhung wrote:
Mar 16th, 2017 3:11 pm
Look at SNAP IPO
from $29 to now $19.x in a week...

52 week 19.80 - 29.44
Motley fool called that a long time ago saying that Snap is highly overrated and even calls themselves a "camera company", which is quite bizarre
would've been a very nice day trade play on the first day though....
Deal Addict
Nov 23, 2008
1897 posts
396 upvotes
nurddin wrote:
Mar 16th, 2017 9:41 pm
For Canada goose was anyone able to purchase around 17$. ?

I tried but got at 23$ :(

How do people get to buy at offering price vs opening price?
Do we need special broker connections?
Yes, I think institutional buyers get first dibs on all IPOs
Snap IPO technically started at $17, but no normal people could get in under $23 or so.
Deal Expert
Feb 11, 2009
15607 posts
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And I'm out of there. Sold all GOOS at $23.49

Don't mind a nice 38%+ profit in one day :)
Selling Grizzly Privy Maple Leafs - $33 ea - PM!
Jr. Member
Feb 27, 2008
151 posts
40 upvotes
Deal with Singh please share how you were able to get Canada goose stock at $17 ? I tried using questrade but got at $23
Deal Expert
Feb 11, 2009
15607 posts
1702 upvotes
Toronto
nurddin wrote:
Mar 18th, 2017 2:27 am
Deal with Singh please share how you were able to get Canada goose stock at $17 ? I tried using questrade but got at $23
Quest Trade is not an underwriter and you'll get lucky sometimes. To get IPO shares, you buy the shares through a new issues expression of interest when the IPO is announced. You bought it once the shares started trading.
Selling Grizzly Privy Maple Leafs - $33 ea - PM!
Deal Addict
Aug 21, 2007
4748 posts
222 upvotes
Markham
new issues question for you guys

are there certain brokerages that are good for new issues? pretty sure questrade is down at the bottom

who are you guys using, that is also good with low trading/account costs?

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