• JayWright
    YELP opened this morning at $22.01. Does that mean that there was no way it could be purchased at the $15 IPO price? %age gain misleading?
    3/2/12
    Reply (11)
    • SobaNoodle: Only bankers and congressmen get to buy at $15.
      3/2/12
    • Perkins Cove: Not by us retail investors. Also, most volume started at $24., not $22. Now at $24.33.
      3/2/12
    • JayWright: Thanks for the responses. I thought that the huge 60% and higher gain was misleading to me.
      3/2/12
    • qikka: Seems deceptive when I placed my stock purchase at $15 and could only get in at $22.01:(
      3/2/12
    • SobaNoodle: You need to run for office then. This is how all IPOs work. My rule is If I can get in on an IPO I probably don't want to be in.
      3/2/12
    • Day Trader001: The 22.01 is the secondary IPO. There was still pleanty of money to be made!
      3/2/12
    • qikka: Just goes to show that there can never be a 'true market system' of supply and demand with a PRICE that is the same from the start for all:(
      3/2/12
    • JayWright: Day Trader001...Secondary IPO? Is that defined as when the original IPO shares hit the secondary market for trading?
      3/2/12
    • Day Trader001: Jay, It is when shares hit the general market. Larger investors get in on the primary through the broker.
      3/2/12
    • Day Trader001: They get the prime rib, and we get the hamburger!!
      3/2/12
    • JayWright: lol. thanx for the lesson. I always thought the IPO price was the market price at the beginning of trading. i know better going forward.
      3/2/12