If you do, user limit orders. There could be a lot of volatility at the start. Market order could lead to a surprising buy/sell price. Overall, I agree with you. I typically avoid until there’s at least one earnings announcement as a public company. Lately, most companies only go public after they are already worth billions. Public investors miss a lot of the best growth.
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Interesting - "In its F-1 registration, Spotify notes that these share prices and amounts all reflect a 40-to-one share split, which the company says is being done to “reduce the per share price of our ordinary shares to a more customary level for a newly listed company on the NYSE”.
Goog, FB and I think LinkedIn also did these splits. Note this is not a reverse split.
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I do not understand why people/retail investors are taken in by “low” share prices after splits. The $figure as a % of their portfolio doesn’t change.
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Or you could buy GSVC which holds shares in Spotify and Dropbox.
Tencent is acting like a VC fund these days. It also has a stake in Spotify.
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I feel the same about stock price changes in dollars. It’s all about percentage moves.
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