IPO’s or Initial Public Offerings are not always available to the average investor. Typically a small number of shares are allocated to each institution and these can often be oversubscribed. Wait until the stock opens and trades for a few months before considering this type of investment.
In addition, make sure that you know exactly what the company does and how much money they make on a quarterly an annual basis. Let us help you learn more about IPO’s and see if this fits into your financial plan.