Originally Posted by GinSoak
I've noticed over the past few weeks loads of poker companies going for IPO. Bit of a weird question, but I wondered if anyone had any thoughts on what this means generally for the poker industry - and can anyone explain to me exactly what IPO means...does it mean I can buy shares?
GinSoak, Not sure how it might affect the poker industry, except commercialize it even more than it is now. I'm not sure if it isn't going to be I
verload (Pun Intended)
I know many of the sites available have different skins and such and I'm not sure if it isn't just getting a little out of hand. I mean how many site skins does one company need especially if the software and poker client are one in the same? Yes, there are alot of poker players out there but dang.
IPO stands for Initial Public Offering. Yes you should be able to buy shares. Get yourself a pretty good broker and if you think the company is a good one and has alot of potential, Go for it. Another suggestion before you do anything is really investigate the site that your are looking at to buy shares for. By going to different forums sites like here at Cardschat to see what real news has been posted about them. I know Card Player magazine has article listings on their main website that you can read about the legal stuff going on about internet poker and gaming in general.
I know I ran into an awsome deal about 6 or 7 years ago when a small company gave out "FREE" shares. All you had to do was pass the word around to your friends and tell them to tell the company you recommended them. Thought it might be a little on the scammish side but I did trust the person that got me hooked up on this and didn't cost me a dime. I wish I had pressed the issue with the family and friends around me because I could have probably made a nice chunk of change when the stock soared up to over $30.+ a share. I only ended up with like 12 shares which isn't all bad. I know you have to be wondering what company it is?
. Gawddddddd I wish I had worked harder at telling everyone.
I know some IPOs are a little on the finicky side. Take Martha Stewart's IPO a few years back, shares started out a bit on the high side to begin with and didn't move up like they should have. (this was way before her legal problems the past year or so) But on the the flip side of that look at some of the internet stocks that made people millionaires. Amazon to name one.
Good luck with in what you do on this.