Fidelity Bends the Rules for SpaceX's IPO. You Only Need $2,000 in Your Account.
The brokerage giant Fidelity is letting customers with as little as $2,000 in a trading account submit offers to buy SpaceX stock at the IPO price.
www.barrons.comSpaceX IPO took place with Fidelity lowering minimums to $2,000 to participate at the IPO price. SpaceX reserved a larger share for retail versus standard allocations. Eligibility is evaluated per IPO and early sales within 15 days can trigger restrictions. Possible lifetime ban linked to SSN may apply. The IPO is planned at around $135 per share, seeking roughly $75 billion with possible greenshoe. In what could be a broad access event. Each IPO governs eligibility separately. Investors should be aware of account requirements. Qualifying accounts may buy at the IPO price.