Home Union IPO

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HI,

I got this via email today, wondering if anyone got the same and how you plan on proceeding. I got in on the lending club ipo about a year ago, sold everything on the first day and made some money (luckily, and LC is now significantly lower than what it was offered for).I am pleased to provide you with details on a special opportunity - the ability to purchase shares in our company's IPO.HomeUnion was founded with one singular goal in mind - to provide investors with a trusted and simple way of investing in real estate. And from day one, our strong commitment to this goal has been a primary driver of our success.As the company's founder & CEO, it's an honor to present you with this offer - to purchase shares in the HomeUnion IPO starting with as little as $250. Provided by Motif Investing and led by B. Riley & Co., this offering is made under SEC Regulation A.Please note: the IPO is targeted for November 18, so make sure to open an account with Motif to purchase your shares.  

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Aside from Google, if most favored customers of the house(s) sponsoring the IPO have not already grabbed every share, leaving nothing for you to buy, you probably don't want any.

taxmantoo said:   Aside from Google, if most favored customers of the house(s) sponsoring the IPO have not already grabbed every share, leaving nothing for you to buy, you probably don't want any.
  +1

I learnt this the hard way on loyal3.com SC offering... I'm out of the IPO retail market

I got the same email and read up on their finances. They are no where near profitable, which is a big red flag to me.

Thanks to all who replied to OP. I was wondering same about this as I also got an email. Thanks for saving me some hard earned cash $$$ !!

Thanks...after reviewing the numbers, i agree with backing out

The IPO was delayed, possibly next week (never a good sign).  Here's some basic background on the company.

http://www.bizjournals.com/losangeles/news/2016/11/16/irvine-bas...

It is now January 17th, the day after the most recent IPO date. Has anyone heard anything about it, or the current status of Homeunion, ie, are they hiring or firing?
 

anyone make bank?

rufflesinc said:   anyone make bank?
Is it trading? Can't find a quote.

It still hasn't done it's IPO.

Yeah, i figure they are probably having a hard time getting institutional backers which is always a bad sign, so i pulled out early

coupons2828 said:   Yeah, i figure they are probably having a hard time getting institutional backers which is always a bad sign, so i pulled out early
Quite the paradox. If they have enough institutional investors, then you probably can't get any. If there is no institutional interest, then you probably don't want to get any.

The track record for IPOs vs. the rest of the market has not been very good, Google's being an exception, probably because its terms were much better more favorable than normal to ordinary investors.  Also why bother with an IPO for a company that's not a market leader or on the cutting edge?  

The only IPO solicitation I ever received was for Jurassic Snacks, which came out several years after the movie.  They sent me a big box of snacks, including something that resembled Cracker Jack but made with popped rice instead of popcorn.



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