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Do people with IPOs serious think a company is going to sell an IPO for 5p and then open a share for 20p giving away the opportunity for you to bag your money X4? They would go broke! Have some common sense. This is investment. This company will rise, it has good potential thats what you should have read and invested into CBX for not for thr hype and rampers!
Not straight away but yes they probably will raise more money over the coming period which is acceptable and understandable depending on what it’s spent on. It’s not unusual and common practice, going forward dilution of a share isn’t always great. 95% of aim is burnt on it
i dont understand. but they did sell for 5p and they did open at 20p? ergo giving people the opportunity to get a x4 return?
Eh? That's exactly what they done Exeter. My 5p shares are sitting in my account right now.
It’s all fishy to me. The opening price of 20p was based on supply and demand. So there must have been an equal amount of orders who would sell at 20 and buy at 20. However theoretically there is nothing to stop institutions putting in orders to buy at 20 but not fulfilling them, but they could still sell. Nice work if you can get it.
IPO share holders cannot sell their shares immediately as it is in the terms on the contract. I was fortunate to have bought some and had bought some more at 23p. I think people panicked Friday thinking IPO shareholders were selling and bringing the price down whilst if you do your research and not listen to others we cannot sell. The company has to determine the price based on the market.
I have not received my allocation yet! But can I confirm people that did were able to sell?
It’s not the company that determines the opening price, it’s the exchange.
Yes some retail investors got them on Friday. However institutional investors all had them ready for the opening bell.
re. lockup period, https://www.investopedia.com/ask/answer/12/ipo-lockup-period.asp.This gives a better explanation than I would have written. gl
delete the" this " at the end of the hyperlink. sorry
When you receive your allocation in your broker account you can trade them straightaway.
Angio Prime it didn't show but in summary for everyone "An IPO lock-up is period of days, typically 90 to 180 days, after an IPO during which time shares cannot be sold by company insiders. Lock-up periods typically apply to insiders such as a company's founders, owners, managers, and employees but may also include early investors such as venture capitalists". People were panic selling Friday!!
Exeter88, IPO shareholders could have sold on Friday and some did. I think you're confused with a clause that forbids some of the large investing institutions and individuals from selling their pre-market holdings for 3 months.
Exeter I get you now you mean the people that were invested before the IPO I think they are locked in for 3 months.
I could be wrong but was there 6000 people that managed to get in at 5p on the IPO at an average of £400. If that is the case do you really think we can drag the SP down if were all to sell. Shouldn’t think so!!
Hi, you are correct re no lock in for private investors on IPO. However not everyone got there shares on Friday, sometimes it’s takes days for PrimayBid to transfer shares. So there will be plenty who haven’t had chance to sell yet.
What's hard to understand here? Some brokers got their clients allocations on Friday and they then sold. Others like myself with Halifax got theirs Friday night. Some brokers are still to collect theirs. Jesus.
Correct, i’m also with Halifax so fully aware of this. Not a clue why I’m still with Halifax tho!
Not ramping nor de-ramping since I'm only recently in this share, but think of bigger picture. Everyone has their own agenda and targets hence I had to read through alot of chat and chaff to make up my own mind . There will always be people who want your shares !
Unless you desperately need to sell -
Don't forget April new ISA tax year is only around the corner! . I'm going to hold then bed and move across these shares to my ISA account and let it ride more . Let's see where we are at the end of year once products launch properly. Bulk of next year allowance already earmarked for my existing ARB shares , but why cash out in Monday x4 with your small allocated IPO shares when you can ride the multi bagger for longer term mostly CGT tax free later? .
DYOR but I think this is one share has huge potential longer term hence I invested. Many potential dips to utilise on the journey.
GLA!
Agreed. I was waiting nearly 2 weeks for MXC to float. Halifax didn't have them on until the 2nd or 3rd day of trading. The same with KNB. I was really fkn ****ed off with Halifax when I couldn't buy. I will be changing brokers in the near future.
I heard ShareDeal Active users had their CBX shares in account for the opening bell, may get an account just for PrimaryBid activity.
#Green kitty. Why can't you lot use your ISA stocks and shares account as your trading account instead of bed? I use it also as a daily trader. I don't have trading accounts with ii and igindex but only ISA
I invested £20k maximum last year April 2020 and it's now £86k as of today by God's Grace.
Vgla
Hawkes bay. Knb never went up to 60p, stop lying through your teeth.
People do read here man. The highest could be 50p and moreover it was 40.80p on Wednesday the 17 feb 2021
Cbx would do same this week. Vgla