Mar 6 2022, 07:06 PM
QUOTE(Davidtcf @ Mar 4 2022, 05:41 PM)
It is by random chance. So doesn’t matter how much you put in.
But remember if the IPO falls on first day, you’ll end up lose more money.
But curious how does ipo work? As in, lets say I applied 20 lots ipo, and somehow was very very lucky successfully balloted 15 lots, will I get 15 lots? Or will there be a limit to how many lots I can own so even if I get 15 lots, they will only give me something like the max allocated per applicant? But remember if the IPO falls on first day, you’ll end up lose more money.
Apologies if it sounds silly, coz I never participated in ipo before (just trade some bit of shares in the market), just knew like 20+ years ago ppl were hooting ipo by buying those MIDF/MIH drafts with 100+ names
Thanks in advance
This post has been edited by bigwolf: Mar 6 2022, 07:08 PM
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