Shares & Derivatives
What is this IPO stock which I still keep?
By Singapore Stocks Investing (SSI)  •  September 14, 2014
I bought one stock at its IPO back in year 2011. At that point, the IPO was touted as one of the most promising IPOs in that year due to the brand name behind the IPO. Being selective of IPOs in general, I studied in detail the IPO and decided to buy into it, no matter whether I will be allocated the IPO stock or not, and whether I will have $2 transaction fee incurred on me if I do not get the IPO. I got the IPO eventually, though the number of shares I got was not many: just 2,000 shares. At that time, I believe investors who have had that IPO would have expected to see good capital returns, but fast forwards to today, this stock is still behind its IPO by a good 31%. If you have asked a retail investor in general, he would have sold ......
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By Singapore Stocks Investing (SSI)
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