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@corbco You can't really flip shares in your Fidelity account though. That's sorta one advantage of the DSP.

@juliussiew I just looked here https://finance.yahoo.com/quote/BNGO/analysis - I don't recall where Yahoo sources analyst data - maybe from IBES.

@lexi1996 What analysts? It looks like no one really covers this stock. There are 4 analysts firms that have some old estimates out there that don't seem particularly compelling.

@sharkofthecovenant The Reddit IPO is available through Fidelity. You just can't participate through the DSP on Fidelity so the allocation chances will be different. And of course - the usual flipping rules would apply.

@twentyseventeen Very true - there were over 600 SPAC IPOs in 2021 iirc - which is kinda insane imho.

@sarahest No problem - it's a fair question - it's one of the more over-discussed IPO's on Reddit at the moment because it's Reddit. And also - because Reddit has a what's called a friend and family offering - Ie a directed share program (DSP). The DSP was extended to active moderators and...

@sarahest Reddit - latest amended S-1 here - https://www.sec.gov/Archives/edgar/data/1713445/000162828024010137/reddit-sx1a1.htm

@pools BTW - she was very aware of the licensing issue which surprised me. One comment she said is that some popular kpop playlists did get shortened by over 50%.

@pools Purely anecdotal and personal experience but I did ask my teenage daughter about it. She has a premium Spotify account and so do a lot of her friends. They are willing to pay for Spotify because it had good KPop access. She mentioned that no one she knows will cancel their Spotify...

@sergepb It is automated. Many settlement and post-trade processing processes are batch based because of the transaction volume.