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 took place with the brokerage giant Fidelity allowing $2,000 accounts to participate at the IPO price. SpaceX earmarked more stock for retail than usual versus standard allocations. Qualifications are assessed per offering and early sales within 15 days can trigger restrictions. SSN-linked restrictions could impose a lifetime ban. Target price around $135 per share, aiming to raise about $75 billion with potential over-allotment. This could widen investor access. Fidelity indicates checks are done per offering. Investors must consider account readiness. Qualifying accounts may buy at the IPO price.