How to purchase a stock early on its first day of trading?

When stock goes public its pretty hard for the general public to get into the IPO but if you can purchase the stock as early as possible on the first day of trading you should still get a good price. For example recently LNKD shares were sold for $45 but by the time the stock opened shares were already at $80. How can you place an order so as to have purchased that stock before it reached that high?|||To get new issues, especially "hot" ones It's very simple.





Open an account with a major brokerage firm, make sure you have a large amount of investing capital or a margin account with equity in excess of 100,000, be willing to buy all the new issues that are presented to you whether they are good or are known to be bad, have a good track record of not selling new issues as soon as they are open for trading, and you will never sell any new issue back to the selling syndicate.





There is no way you can place a buy order in the market place below the selling quoted market and expect to get it executed. .|||In the market orders are executed either at the highest bid or the lowest offering, if you are a buyer you pay the lowest offering price, if you are a seller you have to accept the highest bid price.





If you bidding to buy, there may be some one who bids higher than you, therefore your order does not get executed. On new issues, when the market opens bidders drive the price of the stock up, this means that a trade will occur when the bidding stops.





LNKD never sold at $45, no one paid $45 for it in the open market|||You can't. If you bought the stock anytime yesterday or so far today, you would have got it for less than any buy price you would have landed the first day. The Associated Press reported that LNKD closed its first day of trading with a P/E over 550. Apple has a P/E of about 20 which is considered about average. LNKD will most likely make their first earnings report before the end of the year. What's your hurry?|||You probably cannot buy that or any stock as an IPO that figures to bring in big money. Only big money investors can actually purchase an IPO such as this. Small investors do not have a chance.|||No LNKD shares were ever sold at $45 a share. The $45 price was only an estimate of what the share price would be by the company. It turned out to be an estimate that was too low.