New IPO shares from First Capital Realty Inc. (FCR)
I got a notification from RBC DI about a new IPO from FCR at a price of $21.10 CAD per share.
The release also notes: [QUOTE]Please be advised that if you participate in this new issue offering, RBC Direct Investing will receive a selling concession equal to $0.42 per share.
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I looked up the price of FCR and at the moment it is sitting @ $20.78
So the obvious question here is: why should I pay $21.10 (plus the $0.42 to RBC DI when selling) for the new stocks, when I can simply get them for the existing price of $20.78? I know the current price fluctuates and could go higher than the new IPO price, but still, I would think it makes more sense to try to price it as close as possible to the current price?
The release also notes: [QUOTE]Please be advised that if you participate in this new issue offering, RBC Direct Investing will receive a selling concession equal to $0.42 per share.
[/QUOTE]
I looked up the price of FCR and at the moment it is sitting @ $20.78
So the obvious question here is: why should I pay $21.10 (plus the $0.42 to RBC DI when selling) for the new stocks, when I can simply get them for the existing price of $20.78? I know the current price fluctuates and could go higher than the new IPO price, but still, I would think it makes more sense to try to price it as close as possible to the current price?
My Signature is empty. My signature space is not for sale. You may not contact me to advertise your RFD-related activities here. I repeat, this signature-space is not for sale, unless it is a ......day
