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One share of Facebook stock will cost you almost $180.

A single share of Netflix is worth almost $200.

Apple stock will run you more than $165 per share.

But these popular tech stocks look downright cheap compared with Amazon and Google. You would have to fork over more than $1,000 for just one share of either of these household-name tech giants.

If you're looking to get in on the ground floor of Wall Street's next tech all-stars on the cheap, you're better off going after hot names right when they debut on the public markets, right?

Wrong.

The most anticipated initial public offering of 2017 was Snap Inc. (NYSE:SNAP). The company is the creator of the Snapchat app that's constantly distracting your kids. As you would probably expect, it debuted on the market eight months ago to a hoard of hungry buyers.

Unfortunately, investors grabbing shares of SNAP weren't exactly getting in on the ground floor. The hot social media stock was valued at around $30 billion the first day it hit the New York Stock Exchange.

Like most initial public offerings, Snapchat's rally fizzled just a few days after the stock hit the market. By the end of the summer, SNAP had dropped more than 50%. The excited throng of millennials who jumped at the chance to purchase shares of their favorite social media platform didn't make a single dime.

But what if you invest in the company before it hits the market?

The day Facebook went public back in 2012, venture capital firm Accel Partners had already turned its $12.7 million investment into $12.48 billion. That's nearly a 1,000-fold increase!

If you had invested $2,500 in the deal, you'd have walked away with $2.5 million before regular folks even had the chance to buy a single share.

But obviously, that's easier said than done. There are countless privately held companies out there trying to raise cash, so it's very difficult to figure out which one is the next Facebook and which is trash.

Worst of all, to even think about investing in a private company, you typically have to be an accredited investor. That means you must have $1 million sitting in the bank or make more than $200,000 each year.

The bar is set impossibly high.

That brings us to one of Wall Street's dirty little secrets: You won't get rich betting on a hot new IPO.

Contrary to popular belief, IPO day isn't the best time to get in on the ground floor of an exciting company. In fact, the ground floor was built long before the company's board is trotted out to ring the opening bell on the stock's first trading day.

By the time a company is big and successful enough to issue a public offering, the early investors have already made their money.

It's sad. The Wall Street crowd gets the chance to sell their shares as soon as unsuspecting mom and pop investors swoop in to the buy the IPO. And the bankers walk away rich with underwriting fees when the company goes public.

Meanwhile, Main Street investors are left holding the bag.

And it's getting worse?

High-profile private companies are waiting longer than ever before to take their shares public ? that means that the early investors are now also cashing in many of the gains that were once available to investors who bought shares soon after the IPO.

Just look at names like Facebook or Visa ? or even lesser-knowns like Sprouts Farmers Market. All three were already worth billions on IPO day.

Luckily, there's a way to get in on these stocks before they're worth billions. In fact, we've discovered a loophole that gives you access to 39 different pre-IPO tech companies? in one simple, easy ? and cheap ?stock market move.

It's the best way for you to get in on the next high-profile IPO play before the investing public. You don't need to be wealthy or connected. You just need to know how to use this breakthrough investing formula.

Click here to see how you can take a stake in these high-tech plays for just a few bucks?

Sincerely,

Greg Guenthner
for The Daily Reckoning

The post How to Buy the Next Great Tech IPO for Pennies on the Dollar appeared first on Daily Reckoning.