Two Plus Two Older Archives  

Go Back   Two Plus Two Older Archives > Other Topics > The Stock Market

Reply
 
Thread Tools Display Modes
  #1  
Old 04-25-2005, 02:49 PM
TGoldman TGoldman is offline
Junior Member
 
Join Date: Jun 2004
Location: Bellevue, WA
Posts: 15
Default Morningstar IPO

I use Sharebuilder as one of my brokers and they sent me the below email today...

[ QUOTE ]
ShareBuilder Securities Corporation is pleased to offer you the opportunity to participate in the allocation process for the Initial Public Offering (IPO) below.


The Issuer: Morningstar Inc
Proposed Symbol: MORN
Exchange: NASDAQ
Total Shares Offered: 7,612,500 shares of common stock
Price Range: $16.00 - $19.00 per share (minimum order of $250.00)
Expected Pricing Date: Week of 05/02/05

[/ QUOTE ]
I've never participated in an IPO before and it sounds exciting. Am I somehow "special" for receiving this offer? Generally speaking, is it worth taking part in an IPO simply because it is an IPO, or should the stock be valued/scrutinized just as any other equity?

Edit: here's the info from the underwriter. It appears to be an IPO in the form of a dutch auction in which everyone has equal access. I'm not "special" after all. [img]/images/graemlins/frown.gif[/img]
Reply With Quote
  #2  
Old 04-26-2005, 03:29 PM
brokedickrooster brokedickrooster is offline
Junior Member
 
Join Date: Mar 2005
Posts: 0
Default Re: Morningstar IPO

I got the same thing.
Reply With Quote
  #3  
Old 04-26-2005, 06:52 PM
wickedgoodtrader wickedgoodtrader is offline
Member
 
Join Date: Feb 2005
Posts: 72
Default Re: Morningstar IPO

I'd buy some. Back in the IPO craze I used to get IPOs all the time because online brokers were trying to gain customers by allocating shares to the common public. However...times have changed and the fact that they are offering you shares probably means there is low demand for the stock which is not good. If they don't have a lock up period proably worth a shot at gettin a quick profit.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 11:24 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.