Originally Posted by
Random
Just another wee question. I read the book on high profit IPO strategies by Tom Taulli. It presented many reasons why NOT to invest in IPOs but wait til it goes public and the price to settle months later to account for lock out periods, underwriters holding value up, flipping etc. Do the same principles apply to the NZ exchange???? Or is this book faulty because its American based and I live in N.Z.? It pretty much single handedly has put me off buying into IPOs and instead I prefer to watch first... MRP seems to be a good example of a company whom it has been better to wait to buy than participate in the IPO. Now fingers crossed it actually goes up over time (many moons I think). SLI also seems to have done a run up and then dive.... I'm starting to think there's something in this book!
Although if you're stagging then I guess that would be a reason to get in?