r/investing
How can I purchase SpaceX IPO and immediately sell shares to lock in profit through Robinhood without being banned?
User asks how to bypass Robinhood's IPO flipping ban for SpaceX by transferring shares, showing a misunderstanding of brokerage rules.
- The premise is factually flawed; retail investors cannot access pre-IPO or immediate IPO allocations on Robinhood.
- Transferring shares does not hide trading history from the originating broker, making the proposed bypass impossible.
[](https://www.reddit.com/r/RobinhoodApp/?f=flair_name%3A%22Question%22)I see a message that if I sell within 30 days of IPO, I will be banned from purchasing IPOs with Robinhood. How long does this ban last? Is there a way to bypass that, like transfer my shares to another brokerage so Robinhood doesn't know I sold?
If you're worried about getting banned from Robinhood, SpaceX is the least of your problems
also fidelity, can fund either account. would rather get banned from robinhood IPO, still have fidelity
Standard warning for all IPO on RH
First off; I hope this is a troll post: but people will read it, probably wanting to do the same dumb thing, so i will answer.
Robinhood and other brokerage's don't want you doing this, but also don't explicitly enforce it. Some people have been locked out of future IPOs, but others have sold on IPO day and can still buy in. Who knows how they decide who to ban (likely give favor to people with higher AUMs)
That being said, everyone and their mother only needs 2000$ to buy... meaning everyone will have access pre-IPO at this point... so if everyone is thinking to do what you ask... think about it... what's going to happen when it IPO's... it will DROP because all of the idiots had the early access this time and want to sell immediately....
How can anybody get preIPO shares?
It’s not a dumb idea it’s just doesn’t work in your favor. I’ve done it multiple times and made good profit.
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Just to note this is only person buying the IPO .
If you simply buy space x when it starts trading you can sell anytime without restriction. However buying when the stock starts trading, even if you buy at open isn't technically buying the IPO.
How can one "buy the ipo" before the ticker starts trading? I've never done an IPO before.
Is there an option to commit to buying shares now at the 135$ price or whatever it's supposed to be at launch?
Yes if you buy into an IPO you buy before shares start trading on an exchange.
You basically buy at a set price say $135.
When the shares hit the exchanges they could trade for a different price, $150 or $100 what ever the market prices them at.
This is why shares usually don't start actually trading until late morning or early afternoon.
If you simply buy shares as soon as they start trading you really are not buying into the IPO .
The shorts will start on July6th
I sold my BLSH shares the moment it opened got a 30 or 60 day ban on robinhood.
Nice flip, worth the slap on the wrist
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all retail brokerages that I know of are doing this
they can't technically stop you from flipping, but they can ban from future IPOs. Fidelity has the same rules for retail IPO access