RST pricing at $18 today, trading should begin around 11AM.
I plan to buy a couple hundred shares in my IRA. Nothing too crazy.
Hopefully they make RST optionable.
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Point/counterpoint on trading and investing
In at 25.05
ReplyDeleteUgg.. I wanted it at $18, even though they raised the IPO price a few times.
ReplyDeleteI refuse to pay $25, maybe I will miss out....
My experience with IPOs post the dot com bust has been to buy them at any cost on opening day for quality "beta" names. Reference Chipotle (CMG), VMware (VMW) & Google (GOOG). If there is buzz, the mutual funds will be in accumulation mode for some time (months) and you'll have a great opportunity to sell out at 100% gains down the road.
ReplyDeleteThat being said, we've never been in a market environment in my lifetime like we are today, so it might go "bust" for me.