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's IPO was seen at the brokerage giant Fidelity lowering minimums to $2,000 to access SpaceX shares at the IPO price. SpaceX allocated more shares to retail investors versus standard allocations. Access is determined per IPO and early sales within 15 days can trigger restrictions. SSN-linked restrictions could impose a lifetime ban. Pricing eyed at about $135 per share, seeking roughly $75 billion with possible greenshoe. As a broad access move. Fidelity notes eligibility is evaluated per IPO. Investors should be aware of account requirements. Qualifying accounts may buy at the IPO price.