Thoughts on the FirstData IPO?

[GGNoob]

The FirstData IPO is now available at Loyal3. Anyone getting in on this? What are your thoughts?

https://ipo.loyal3.com/firstdata

[imbros]

I am considering it, but only with my play money. Their balance sheet is not impressive but there might be that initial pop.

[GGNoob]

Looks like it's no longer available. Up for less than 24 hours. Glad I put my money in right away! I signed up right away figuring I can do my research later and withdraw my reservation if I change my mind.

[randommadness]

I'm addicted to my Loyal3 IPOs so I threw some play money in there. Purely speculative though.

[NorCal]

I formerly worked for a First Data competitor.  I would not recommend the company as a long term investment.  First Data has been losing money for years and the PE guys are just looking for an excuse to offload a money loser. 

They're a commodity player in a specialized market.  They have no pricing power and only exist because they under-price compared to other players in the market.

[GGNoob]

I formerly worked for a First Data competitor.  I would not recommend the company as a long term investment.  First Data has been losing money for years and the PE guys are just looking for an excuse to offload a money loser. 

They're a commodity player in a specialized market.  They have no pricing power and only exist because they under-price compared to other players in the market.

Well, all of my long term investments are index funds. The only reason I'd do the IPO is to hope for a first day pop to make a few dollars.