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IPO limits?

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

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#5 of 6
Happened again by networkguy
Oct 07, 2008 (9:39 am)
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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.
#6 of 6
Re: Happened again [networkguy] by thegrocer
Oct 07, 2008 (10:45 am)
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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...

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