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Pershing Square Tontine Holdings (NYSE: PSTH.U) filed for an IPO Monday, June 22.
The company is offering 150 shares for $20, to raise a total of $3 billion.
This is a new blank-check company a la Bill Ackman, the hedge fund manager who effectively told CNBCthe world was ending in March before shorting the market and turning $27 million into $2 billion.
But don't invest in the Tontine IPO before you consider the strategy we have for you today...
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The Casper IPO is the latest example of a hyped up company struggling once it hits public markets.
We warned our readers to approach this IPO with caution back in October.
But there's more to the story on what happened to Casper Sleep Inc. (NYSE: CSPR).
And some people are still making a killing (you could be one of them next time)...
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For years now, I've advised my readers about how the average retail investor should avoid buying high-tech IPOs when they first start trading. When you buy at the open, you really risk losing your hard-earned money.
Problem is, people just can't wait. They want in, and they want in fast.
But a little patience on the right stocks, and you can still play them post-IPO for big returns. When you wait to buy, you can ride the "bounce back" period to huge gains…
Had you followed this advice with the savvy cloud provider I'll tell you about today, you could have made 863% in just a little over five years. But if you bought at the open, you risked losing more than half your capital.
2020's IPO calendar is filling up fast, which makes this the perfect time to give you the best IPO profit strategy to follow – plus share with you the big post-IPO winner that could still double your money if you buy now… Full Story
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I just love it when a hot new tech stock crashes.
Please don't think I'm taking delight in watching folks lose money.
Well unless it's those "geniuses" on Wall Street.
Just saying…
Here's the simple truth. If folks don't listen to me, I can't help them.
I have said for many years now that the average retail investor should avoid buying high-tech initial public offerings (IPOs) when they first start trading.
When you buy at the open, you really risk losing your hard earned money.
It's much better to wait a little more than six months from the open.
That's when insiders can sell, an event that usually means a big drop in price.
Had you followed that advice with a savvy cloud provider I've recommended, you could have made 863% in just a tad more than five years.
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Trade on the Tadawul, the local Saudi Stock Exchange, began today for the largest initial public offering (IPO) in history.
Following the initial trading, Saudi Arabia has touted the IPO in mega state oil company Aramco as a success.
And at a glance, this assessment appears to be on target.
The first major success is this: It happened. For the first time the Saudis have allowed private ownership of a state-run enterprise, although admittedly less than 2% of it.
Then, there is the valuation. Selling 3 billion shares at 32 riyals ($8.53) each amounts to $25.6 billion. That makes this IPO the largest IPO in history, eclipsing even the float of Alibaba back in 2014, which was valued at $21.8 billion.
It also puts an overall value on Aramco of $1.7 trillion, making it, once again, the largest ever seen and close to the $2 trillion initially projected by Crown Prince Mohammad bin Salman prior to the first abortive attempt at an IPO over two years ago.
In addition, global interest may well increase the number of shares available from the placement. Currently, the number of shares amounts to only about 1.5% of the company. That could increase to about 2% if an option to sell additional shares is exercised. And there is some evidence that the outside interest is growing.
However, despite all this positive success, the downside of this IPO didn't take long to emerge...
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You can't buy shares in the new public company Saudi Aramco. At least not easily.
And that's a very good thing.
I wouldn't touch the shares of what is now the world's largest publicly traded company with a 10-foot pole.
And you shouldn't either.
There are two companies that I do like in the energy sector.
They are MUCH better investments that Aramco's overly hyped IPO to trade or invest in.
I'll tell you about them below.
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In the most recent Crypto Recap, Dave Zeiler gives us the best-performing asset in 2019 thus far.
If you aren't looking at adding it to your portfolio after watching his video, you could be making a huge mistake.
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Sprout Social may be a popular up-and-coming marketing technology firm, but that doesn't make Sprout Social stock a buy after its IPO.
That's why, today, we're going to break down the case for investing in Sprout Social stock and why it may not be worth the investment.
Plus, we'll also show you Money Morning Defense & Tech Specialist, Michael A. Robinson's, favorite pick to profit from 2019's IPOs that has completely crushed the broader market.
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2020 is almost here.
And it's lineup of IPOs could make it the biggest year yet for initial public offerings.
In fact, there are at least 10 firms poised to go public in 2020.
And almost all of them have valuations over $1 billion in industries ranging from financial services, mattresses, and even travel and lodging.
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Bitcoin has taken heavy losses throughout November, but analysts are actually excited about what this means.
Dave Zeiler sits down to explain why the price falling $1,500 could lead to a rally.
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