I'm one of the punters who participated in the ABB IPO. Now there is a new share purchase option for existing retails investors, inline with ABB institutional investing options, to purchase shares worth up to $30k. Good thing here is that the purchase price would be $3.55 OR at a 2% discount to the 5-day vol avg price - whichever is LOWER.
Looks like a pretty decent offer. Wondering if any of you are participating and what you think…
Depends on a couple of things - how much ABB stock do you want to hold and are you a punter.
If you are a long term investor then apply for the full $30.000 - no guarantee you will get the whole lot though.
If you want a punt, and a potential quick profit then on Monday sell the equivalent number of shares you expect to get allotted and take a profit between your sale price and the allotment price of $3.55.