Shake Shack IPO anyone?

[Nika]

Considering buying my first IPO with this one. Waivering. Is anyone here doing it?

[rennigade]

wtf is a shake shack? No thanks. Arent ipo's usually a bad idea at first? Wait till the hype has cooled off then maybe get in?

[Leo]

I tried the burger because of the hype when I went to New York but I don't think its going to get big in my opinion. There's a lot of competition especially here in California, a lot of burger chains.

[Nika]

Wall St. seems to be very excited about it. It is a North-Eastern thing. Sure, there is a lot of competition in Cali, but Cali and NYC are special.


They are not any worse than a Chipotle, and look how Chipotle did. They are fast food for people who are too good to go to fast food places, and don't want 80 ingredients in their meal. Are they as good as a $20 aged sirloin burger? No. But definitely better than McD.

[Leo]

Chipotle is different in my opinion. No real competition, cheap, and uses organic ingredients. Don’t get me wrong, I like Shake Shack when I tried it once. I am a burger guy

The only concern here is growth. Chipotle was able to grow around United States. The question here will Shake Shack be able to grow like that?

[Nika]

I tried. But my discount brokerage firm was not invited to participate in the IPO. Otherwise I would have made 130% in one day

[rennigade]

No biggie. You'll be able to buy it next week in the $20 range after the big sell off.

[Nika]

No biggie. You'll be able to buy it next week in the $20 range after the big sell off.

The idea was to sell it next day.

[cardtrick]

IPOs almost always are a good investment. The worst you will usually do is either break even or have a small profit at the end of the day.

But, you won't be able to get in on most IPOs. They are reserved for the best customers. The only IPO I got was Lending Club and I made about $1500 on it by selling on the open. I was only able to get that because they allocated shares to anyone who has lent on there before.

[moneybags]

Shack Shake opened downtown Chicago a few months ago. I've been a few times. The first time, the line was over a block long before they even opened for the day.

[scfr]

IPOs aren't for me. I'm not interested in them.

But since you do seem to be interested in them, are there steps you could take to position yourself so that in the future you might have the opportunity to buy? What were the requirements JP Morgan Chase and the others put on potential Shake Shack IPO investors? My guess would be balances in the millions. For all I know it could be the decamillions. Reaching that level of investable assets would probably require quite a bit of short-term sacrifice. Is the tradeoff worth it for you?

I know Fidelity only requires balances of $500K or higher balances, but the IPOs available through them aren't as "sexy" or exciting. Is that something you're interested in? You wouldn't have been able to get in on Shake Shack through Fidelity. This is what is available right now: https://eresearch.fidelity.com/erese...calendar.jhtml

[feh]

Nope. I don't buy individual stocks.