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 appeared at the brokerage giant Fidelity allowing $2,000 accounts to access SpaceX shares at the IPO price. SpaceX earmarked more stock for retail than usual relative to other IPOs. Eligibility is evaluated per IPO potential restrictions if sold within 15 days. Possible lifetime ban linked to SSN may apply. 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.