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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Dear 5i,
I have a question about MAGT and IPO's in general.
I am have no experience participating in an IPO so I had a few questions.
Can the IPO price vary after one commits to purchasing a set number of shares?
Is the broker commission embedded within the stock price?
When do the shares typically start trading on the normal market?
In the case of MAGT it looks like the IPO shares started trading on the open market
within a day. For small investors do you recommend waiting and purchasing on the open market? Thanks
Read Answer Asked by Ian on April 29, 2021
Q: MAGT: 5i produced an interesting article on the company. It appears you feel it could well be a good one. You indicated it is doing an IPO but gave no date for it. The article was published yesterday, April 27 and MAGT went public today, April 28. Why didn't the article include the IPO date? I'm sure many would have followed it this morning if we had known it was trading. Also, MAGT isn't recognized within the 5i system as a valid stock symbol. In future it would be useful to include IPO date, if known, in any article about a new company and also have the 5i system recognize the symbol from the get-go. Now that MAGT is trading, has it reacted as you thought it would?
Read Answer Asked on April 29, 2021