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November 3rd, 2014
Episode 150 of 463 episodes
Make millions of dollars in the stock market! Find out how in this episode. Slow dialog: 1:27 Explanations: 3:42 Fast dialog: 15:34 Zoe: What are you looking at? Midas: It’s the prospectus for Boogle’s IPO. I wish I could get in on the initial public offering, but since I can’t, I’ll buy stock as soon as the company becomes publicly traded. Zoe: I’m not really familiar with how the stock market works. You mean you’re going to buy shares in Boogle? Midas: That’s right. An IPO is a way for a privately owned company to become a publicly owned one. The owners of the company do it to raise capital, or sometimes it’s for early investors to cash in. Zoe: Why can’t you buy stock in the initial public offering? Midas: A company like Boogle works with an underwriter, like a major investment bank, to help set the share price and to find buyers for the initial offering. Zoe: Okay, I’m following you so far. Midas: Well, that first sale of stock is usually done in bulk, and I don’t have a few million dollars lying around to buy that much stock. Luckily for me, those first buyers then turn around and sell that stock in smaller amounts. Zoe: And that’s when you’ll buy. Midas: That’s right. You should get in on it, too. Zoe: You mean buy some Boogle stock? Midas: Sure, why not? Zoe: And risk losing my shirt? No, thanks! Script by Dr. Lucy Tse