What if an IPO is priced above or below the price range?
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As long as the final price is not 20% below or 20% above the “price range”, your “conditional offer to buy” is still valid. As an example, an offering with a price range of $18-$20 could be priced anywhere from $14.41 to $23.99 and your “conditional offer to buy” will still be valid. Keep this in mind when considering placing a “conditional offer to buy” for any IPO.
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