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birb_cromble  15d ago (text post)   834 thread views

Weekly Finance Thread - 2026-06-13

A weekly thread to discuss financial matters - from personal all the way up to global.

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I got allocated 12 shares of SPCX at its IPO price of $135. How is participating in an IPO not a total cheat code? It seems like the likelihood of profit when buying at the IPO price is quite high. I googled for counterexamples and only got discussion of Facebook and Uber.

I should calm down though. I only got 12 of the requested 100. Retail participation is usually quite low for offerings.

I don't want to flip these immediately and cause my broker to deprioritize me in future IPOs (Anthropic later this year maybe). After 30 days, how long would you hang onto these shares if you were I? Do you own any SPCX yourself?

Companies can flop just like anything else - an IPO can go miserably. UBER fell down right away and took months to recover. That said, it was obvious this one was going to go crazy because Elon and Space and Such. I got no allocation, but I bought a few early on and just hit my exit target for a nice and tidy little profit. If you can 'read the room' an IPO is a pretty great cheat, but there's always the chance you're wrong and it fails.

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