RE:RE:RE:RE:Still open at TDWrk67, I completely understand your logic, and I have no disagreement with those who would rather wait and see how the IPO goes before getting in, I, however, see it slightly differently. As mentioned, ranges for IPOs are not uncommon, and I'd argue that just because you're given a range it doesn't make doing the math on your investment terribly difficult. Surely if you can afford 25k for a car you can probably afford 30k. The more important question is: are you interested in the car?
Personally, I put in an 'expression of interest" for 500 shares last week through RBC (obviously I'm not going to be single-handedly closing this IPO myself), but I look at it as a form of support for my greater investment in ALA, much in the same way buying some sub. receipts were last year.
Cheers
rk67 wrote: I think setting an actual price would be the kicker. I certainly wouldn't commit to buying something at "a price that's in a range" -- no way.
Imagine the conversation:
Dealer: Do you commit to buying this car?
Me: How much is it?
Dealer: Well, it's between $25k and $30k ... do we have a deal?
Me: Ummm... No.