/Tech18h ago

Oversubscription Figures Often Overstate True IPO Demand

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#209

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rat king 🐀#209

Leslie Picker@LesliePicker

Reminder: oversubscription figures are based on indications of interest, not binding orders. Therefore, they can sometimes provide a false sense of demand.

Facebook's 2012 IPO was reportedly 20x oversubscribed. Uber's 2019 IPO was reportedly oversubscribed by day two of its roadshow. Both buzzy IPOs fizzled on day one.

There are countless examples of other IPOs that were oversubscribed and did really well in their debuts. But just because there's indicative demand...doesn't always mean there will be follow-through. 👍

2:40 PM · Jun 5, 2026 · 10K Views

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Some users dismissed @timseymour as uninformed on retail IPO share access, arguing the process works similarly to institutions through expressing interest.

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ftrader@ftraderft

@LesliePicker Maybe you can explain to @timseymour how retail gets ipo shares. He seems uninformed. It’s v similar to institutions. Express interest and amount and wait. Am sure he has a brokerage account with Etrade and can figure out easily

17h177

The Intelligence Capitalist 🐂 SpaceX 🚀AI Bull 🐂@ai_hyperbull

@LesliePicker exactly which is why I already got my cash secured through sales all this week and onlly settled cash gets allocation... it's the first screen.

16h115