I'm getting $500, I was wondering do you know driver in Miami that is going to get $10000?
Don't hold your breath. What's your stop loss (exit strategy)? Are you going to hold it when it's a penny stock?Stock price will most likely jump at least 10% during the first day, however it might close down and continue falling. I'm going to buy the max allowed at IPO price ($10,000) and set it to automatically sell after it goes up 10%.
Lyft is down over 20% from it's ipo price. Good luck finding enough suckers to buy your stock from you over the ipo price. You won't find any.Worst case scenario I would just hold on to the stock. Maximum we are allowed to buy at IPO price is $10,000 and I can easily afford to lose that. The only concern I would have would be if there are any restrictions to my selling it. It is a very safe bet that during the first day it will jump at least 10%. It might ultimately close lower and continue dropping but it is very rare for any IPO to not jump at least 10% at some point during the first day of trading.
Even Lyft jumped over 20% during it's first day, and there is a lot more hype for Uber.