2006-09-26 06:08:51 · 4 answers · asked by MN 1 in Business & Finance ➔ Investing
When a company decides to go IPO, they hire an Investment Bank to manage the deal. That I-Bank becomes the "lead manager" and puts together a syndicate of other I-Banks to help sell the deal. Each bank in the syndicate is allocated a portion of the deal to sell. The I-Banks have complete control over allocating shares to customers. They usually reserve most of their good deals for sale to their best customers. For bad deals, they will be happy to sell to you.
You can find out what banks are part of the syndicate for a deal by looking at the prospectus filed with the SEC. This is available in the EDGAR database, and can be accessed from Yahoo Finance.
2006-09-26 06:18:02 · answer #1 · answered by Ranto 7 · 0⤊ 0⤋
I think you can go through any broker, but you have to have huge amounts of money with them already to be allowed to purchase an IPO through them. I know one place said you had to have at least $50,000 in an account or invested with them. Other than that I don't know.
2006-09-26 06:35:16 · answer #2 · answered by cashmaker81 6 · 0⤊ 0⤋
Try any of your major brokerage houses. I'm partial to Fidelity and Smith Barney.
2006-09-26 06:17:32 · answer #3 · answered by Joe Cool 6 · 0⤊ 0⤋
the brokers.
2006-09-28 23:49:17 · answer #4 · answered by Anonymous · 0⤊ 0⤋