Newegg IPO

Quote from gaiachild:

etrade is not offering newegg
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I believe they weren't offering V either which is why I bought at market on IPO day; however when I contacted my rep, he said I could've gotten shares reserved in advance.
 
Quote from NoDoji:

I believe they weren't offering V either which is why I bought at market on IPO day; however when I contacted my rep, he said I could've gotten shares reserved in advance.
More...

interesting , i might call them tomorrow
i would hate to open brokerage account with b of a , jp morgan or citi

please let me know what happens if you call etrade
 
Quote from gaiachild:

interesting , i might call them tomorrow
i would hate to open brokerage account with b of a , jp morgan or citi

please let me know what happens if you call etrade
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Unless it is oversubscribed you probably wont want it. Each broker at those firms will receive a total number of shares that they can allocate to their clients. Of coarse those brokers will be giving them to their best/favorite clients. So the chances of you opening an account and getting an allocation, unless nobody wants them, is slim.
 
Quote from Devin Brady:

Unless it is oversubscribed you probably wont want it. Each broker at those firms will receive a total number of shares that they can allocate to their clients. Of coarse those brokers will be giving them to their best/favorite clients. So the chances of you opening an account and getting an allocation, unless nobody wants them, is slim.
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Exactly,

I highly doubt this IPO will be oversubscribed. Razor thin margins and low prospects for growth.

Getting in on this IPO just because you love buying from NewEgg is an amateur & stupid decision. It's an established business with a warehouse to internet model.

P.S. I prefer Tigerdirect, better deals & much better selections.
 
Good rule of thumb with IPOs (for the retail trader): if it's good, you won't be able to get any; if you're able to get some, then you probably shouldn't. Just a thought ;)
 
Quote from NoDoji:

I believe they weren't offering V either which is why I bought at market on IPO day; however when I contacted my rep, he said I could've gotten shares reserved in advance.
More...

I just spoke with Etrade, they said they are not participating and cannot reserve newegg shares in advance
 
Quote from AyeYo:

Ah... so I basically just wait it out and buy them on the open market?

I can't speak from a fundamental standpoint, but as a fequent newegg customer they're an excellent business to deal with and I know many others that swear by them. This will definitely be a stock I'd like to own.
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I am fairly sure when NewEgg has to bow to their new overlords on Wall Street, they will no longer be the great company that they are currently

plus how do you deliver 20% growth quarter to quarter on ecommerce business sustained over years.

It will be another public ecommerce company rather than the refuge of techies who were NewEgg's biggest voice/promoters everywhere..
 
Quote from 11Blade:

I am fairly sure when NewEgg has to bow to their new overlords on Wall Street, they will no longer be the great company that they are currently

plus how do you deliver 20% growth quarter to quarter on ecommerce business sustained over years.

It will be another public ecommerce company rather than the refuge of techies who were NewEgg's biggest voice/promoters everywhere..
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Excellent points.
 
Quote from Devin Brady:

Like a Honda to a Ferrari
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Why is a very well-made car that is affordable, smart, well-run, high quality, and very popular -- less good than a company that makes gas-burning, hyper expensive cars that will also cost a lot of $$$ to maintain and are very impractical?

Basically, they both do the same on 30MPH, 55MPH or other similar roads.

Thanks, but I think the Honda should be the latter.
 
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