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Originally Posted by hcv123
I have been keeping an eye on the platform. They are supposedly under the authority of the SEC - I have not researched or confirmed this. I haven't "invested" in anything yet, but was intrigued by the Ruth. Agree that only 1% being offered seems a bit weird.
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They are under the jurisdiction of the SEC. It really is an interesting process. You become like a "partner" in the card. You have to give over just about every piece of information about yourself when you sign up which is interesting. Like I said I've invested in a few pieces. Made about $80 on my $500 or so invested so far. The buy/sell feature is interesting...after 90 days or so after the IPO you can buy and sell your shares.
One thing I've found interesting is people throw money at almost EVERY ipo. I consider it dumb money. Some of the IPOs are way overvalued at launch. Some are fairly valued. Its a fun process IMO. Will be interesting to see where it goes.....