IPO limits?

6 messages, Last post on Oct 07, 2008 at 10:45 AM

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What is this discussion about? Future Vehicle

#4 of 6 Re: IPO limits? [networkguy] by mikedrud Sep 09, 2008 (12:40 pm)
Replying to: networkguy (Sep 09, 2008 12:09 pm) Hmnmm. You shouldn't have been limited to under well under 25%. The calculator is set to allow only up to 25%, so I'm not sure what happened here. If 120,000 shares represented 25% or less of your total net worth, then it should have gone through. There is not a limit, although there could be some truth to the reply you got -- in that, for some reason the first 90,000 went through and then the price did go up (remember, IPO time is insane. Prices are moving per second). I can only think the system recognized a higher price and cut you off. I will investigate further. Just my preliminary thoughts.
#5 of 6 Happened again by networkguy Oct 07, 2008 (9:39 am)
So, is the 25% rule based on available cash or overall net worth? I tried to purchase 100000 shares of S94X during the IPO about 5.26 per share. I was limited to 90000. That would make sense if it was 25% of my available cash (about 2 million), but not my overall net worth. Replies to this message: thegrocer (Oct 07, 2008 10:45 am)
#6 of 6 Re: Happened again [networkguy] by thegrocer Oct 07, 2008 (10:45 am)
Replying to: networkguy (Oct 07, 2008 9:39 am) I've had it pop up 90,000 for max buy and it's done it with $1 million and $8 million cash free...