Canadian Money Forum banner

1 - 7 of 7 Posts

·
Registered
Joined
·
26 Posts
Discussion Starter #1
Is there way to find information on upcoming canadian IPOs?

There have been some terrific new issues of preferred shares lately, and I can get them through TD. But the issues open and close within half an hour so if you are not prepared, you miss the opportunity. It would be nice to know the details a few days in advance, so you can do a bit of research.
 

·
Registered
Joined
·
240 Posts
Most IPO's are known in advance to institutional investors and brokers who have access to the inner circles.
Any real good deals are bought up by them long before the retail investor using a discount broker will have a chance.
That has been my experience anyway , especially when looking for convertible debentures issued by good companies.
Good luck.
 

·
Registered
Joined
·
26 Posts
Discussion Starter #4
http://ipo.investcom.com/ is totally useless as far as I can see. For example, Brookfield Asset Managament completed an IPO of Preferreds June 4, but it is not shown anywhere on the site. Same for IPL.UN which came out 2 weeks ago and closes on June 18. Epcor is coming to market, but a search by name does not yield anything, although the press release from May is shown in a splashbox on the front page.

There are many IPO's that are available to retail investors. I use TD's Webbroker which has a New Issue feature that works extremely well. You can ask for e-mail notification when a new issue is posted. The problem is that you have to react immediately as quality issues often close within half an hour of the e-mail going out.

As the financial markets thaw out, there is a going to be a flood of new issues, as many companies are cash strapped. My problem is being able to evaluate a new issue properly within the few minutes that it is open.
 

·
Registered
Joined
·
240 Posts
There are many IPO's that are available to retail investors. I use TD's Webbroker which has a New Issue feature that works extremely well. You can ask for e-mail notification when a new issue is posted. The problem is that you have to react immediately as quality issues often close within half an hour of the e-mail going out.

As the financial markets thaw out, there is a going to be a flood of new issues, as many companies are cash strapped. My problem is being able to evaluate a new issue properly within the few minutes that it is open.
I subscribe to a few email as well as bank/brokerage email IPO notifications , the good ones are always sold out by the time it even reaches my email.

You're right , there are lots of IPO's available to retail investors , just not the real good ones.

It doesn't take long to evaluate a convertible if you know what you're looking for , in my case , a high rate of return backed by tangible assets with convertability to shares in a company you beleive will grow.

The high end investors/brokers always get them first.
 

·
Registered
Joined
·
274 Posts
http://ipo.investcom.com/ is totally useless as far as I can see. For example, Brookfield Asset Managament completed an IPO of Preferreds June 4, but it is not shown anywhere on the site. Same for IPL.UN which came out 2 weeks ago and closes on June 18. Epcor is coming to market, but a search by name does not yield anything, although the press release from May is shown in a splashbox on the front page.

There are many IPO's that are available to retail investors. I use TD's Webbroker which has a New Issue feature that works extremely well. You can ask for e-mail notification when a new issue is posted. The problem is that you have to react immediately as quality issues often close within half an hour of the e-mail going out.

As the financial markets thaw out, there is a going to be a flood of new issues, as many companies are cash strapped. My problem is being able to evaluate a new issue properly within the few minutes that it is open.
A better question might be why you think IPOs are good investments? Being a typical amateur investor you will not have access to the most promising positions, and as a result you will more likely be worse off not better. What you should be doing now is exploring your idea further to see if it is practical. Just an FYI. ;)
 

·
Registered
Joined
·
26 Posts
Discussion Starter #7
I agree with Mogul that IPOs are not always bargains. In most cases you are better off staying away from them. Right now is an exception as large, excellent companies need to raise capital and must do so on terms favorable to the investor. It won't last long.
 
1 - 7 of 7 Posts
Top