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Seems like a sucker's bet, no? GSV already went up a huge amount during its primary offering, so most of the money is already off the table, and you're buying shares that are dilutive. Is the offering being priced at a discount to market price?
Also, if Etrade is like other brokerages, they probably are requiring that you not sell the stock within X days, so as not to flood the market with shares (not a formal lockup like insiders get, but an informal one). If you sell before that point, they may not consider you for future IPOs.
Vicente
2011 Sep 14, 10:55am
Is the offering being priced at a discount to market price?
Well I don't know. See that's the thing is it says:
Expected Pricing: 9/19/2011
Following the "Go Now" link leads me to a page where they accept a "Conditional Offer" which looks like a limit buy.
The time they expect you to hold it is only 30 days which seems reasonable.
So I just got an email from E*Trade about GSV Capital.
Apparently they are doing a "secondary offering" so I can make a conditional offer.
Thinking about it, any tips here? Never been in any sort of IPO. They want to know max number of shares and
what my limit price would be. I'll do a bit more research tonight but was curious what others would do with something like this.