IPO calendar for NASDAQ: https://www.nasdaq.com/market-activity/ipos
Market Watch's IPO calendar: https://www.marketwatch.com/tools/ipo-calendar
Anyone know if CBOE publishes an IPO calendar?
I think it would be beneficial to reposition to "Help find the best IPO to buy" because saying that this data doesn't exist for free is just not true and makes me a user feel like you are running a get rich quick scheme.
Not to say that there isn't value here. I think people would love to discuss IPO's and making it easier to do research, etc. is definitely a value add. Just think the messaging needs to change.
Also, you mentioned that the 20$ (or 240$ per year) will be made back and from an investment standpoint, that's also not necessarily true. Think it's praying on the misconception people have that IPO will always be profitable so I should pay 20$ to invest right away.
None of the words on the home page imply the information can't be manually collated for free.
And this is a Show HN, it's reasonable to assume you would be the first person in the IPOs.fyi community. That doesn't make anything OP is doing disingenuous. All communities start with 1 person...
If you could pool together retail investors to increase the possibility of getting shares allocated, that would be something special...
They buy IPO's after they launch, and then sell them after a set duration, automatically managing inflow of new and outflow of old. Youre not able to buy specific companies, youre instead buying into the idea, trends, and behaviors of IPOs as a whole. They also dont capture the huge initial jump in price.
Go with a 60:40 IPO:FPXI to capture all the ipo momentum in the world.
I don't understand why this is allowed. Why don't they structure IPOs as an auction, such that the initial sale is at the market price.
Also are these investors usually the HNW individuals who typically invest Millions thru the investment banking firms that are underwriting the said IPO, so win/win for the HNW and the banking firm in the way that it can guarantee the IPO'ing company that it can confidently underwrite and is also using the HNWs money to cover most of the risk ?
Please correct me if I am wrong in understanding this complex process.
It's by no means finished but I am proud that I built my first software product and would love feedback. If you are interested, you can use promo code HN20 for 20% off the first month!
Paid ads are pretty expensive in everything financial services because churns are low and thus LTVs are so high. So, if you want to grow this, paid ads will be tricky to make work. Never mind that you should stay organic as long as you can.
Serious investors seem to make a habit of knowing other serious investors. Often, in large quantities. There might be something interesting to explore there.
Let me know if you have any more questions
You're offering to let people know that shares will be available in the secondary markets the day after the IPO is priced and shares are sold (often buying FROM people who bought in the IPO). The distinction here is important because in an IPO that "pops" on the first day of trading, somebody who buys shares on the secondary market in normal trading is not going to be able to buy them at the IPO price. (They may even have a hard time buying them at the opening price in secondary trading...)
Edit: But I do like the idea of a free trial for a week or a month.
After all, customers will pay you for convenience, not proprietary data. As other commenters noted, this data is all freely available on NYSE, et al.
Your value prop == 'aggregated list of all upcoming IPOs in your inbox'. Not 'some' IPOs. You can demonstrate that the product works well by providing one free sample.
But an X week trial is probably a good option as well to give people an idea without having to keep up a free and non-free version.
We are trying to democratize finance!
"Oh no, I missed the IPO" turns into "well, at least I can buy at a discount" 6 months later. This isn't every company, but it's been an increasing portion as of recent years.
As an aside, a good friend of mine warned me that investing at the beginning of an IPO generally is a bad bid. It's better to wait 1-2 years until the hype settles to fairly value a company and that is so true from my own experience with $SNAP, $UBER, $LYFT and $PINS.
Code: https://github.com/RSS-Bridge/rss-bridge/pull/1011
If you have a list of tickers, you can generate a OPML feed from here: https://opml.bb8.fun/ (against my rss-bridge server, no uptime guarantees)
edit: working now.
For pricing context, FinViz elite (https://finviz.com/elite) costs ~$25/mo. Other, newer tools (Atom, Koyfin) are free. However, these are research tools, not notification tools. Anecdotally, notification tools seem to command higher prices.
I would guess that false negatives are your biggest churn risk. Meaning, subscribers will be angry if your list fails to cover one opportunity that they miss out on.
I think subscribers will (and should) also expect 0 downtime at this price. So, it may be better to focus on reliability over new feature rollouts. In this market, a plaintext email with companies, tickers, and list dates would be a significant upgrade over existing consumer (read: not Bloomberg) alternatives.
There is always someone who would have bought it for less money but who actually probably is never going to buy it at all. (Not referring to the OP at all)
Look at your funnel, test where appropriate and decision from there.
If it were me, I'd start on a leads model - see how many you can drive and get paid per lead, then switch to revshare when you're confident the lead quality is good.
You also then have a massive email database of users interested in financial markets and services (because it was free to sign up) - plenty of opportunity to market them there, products, weekly tips, whatever.
Better off doing a freemium model or a free trial and then upselling the customer once they've understood the value prop.
Edit: So for me it is mostly about curiosity and staying informed. Perhaps making occasional bets.
From the guidelines, although its not explicitly stated I would think your submission here is not really playing the game. Just a heads up (and I may be wrong, but that's been said before), best wishes with it anyway.
Show HN is for something you've made that other people can play with. HN users can try it out, give you feedback, and ask questions in the thread.
Also, if you go to the Nasdaq website [1] there is a specific section on 'upcoming IPOs' and another called 'fillings', including SPACs.
Second, the major brokerage firms have dedicated sections for IPOs and allow 'qualified' customers to join the IPO price.
Lastly, you can filter the SEC Edgar database for companies who filed their IPO prospectus (S-1) [2].
[0]https://www.winston.com/images/content/1/4/v2/142711/SPACs-O... [1] https://www.nasdaq.com/market-activity/ipos [2] https://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=&type=...
Companies want stability. If my plan is to raise $2 billion with an IPO, I want to be able to build a business knowing that money is coming in. With an auction, I wouldn't know how much money will come in. It might be $4 billion, or it might be $500 million.
The current structure has a financial intermediary who charges a premium to take the risk of a price DROP for me. I can shop around for who will give me the best price, and once I've got that locked in, I know my $2 billion will come in, and I can start building my engineering, marketing, etc. with the stability of a guaranteed check in the bank.
That stability is worth more than the premium.
[0] - https://www.treasurydirect.gov/indiv/research/indepth/res_au...
Why do you think this would work? Google IPOed with a dutch auction, and went on to pop 30% in the first 2 days.
An auction allows you to find a market-clearing price, but does not allow the information-exchange to do proper price discovery, so it doesn't solve the problem. The IPO pop is typically explained as the reward for taking the risk of buying an unpriced asset.