Why do you take orders in dollars instead of shares?

Why do you take orders in dollars instead of shares?

We take orders in dollars because the final price of the offering is not determined until the offering is effective. Your allocation will be in shares. Regardless of the final price, you will not be allocated more shares than the total dollar amount of your order.

    • Related Articles

    • How does ClickIPO work?

      ClickIPO is a mobile-based IPO and Secondary Offering order entry platform and research tool designed for Retail Investors. We make it easy for Retail Investors at any Broker-Dealer to purchase any Offering. We aggregate Retail Investor orders by ...

    • Spot Offering

      "A type of Secondary Offering that is announced right after the market closes. The offering is usually priced and customers must place orders within a few hours. The shares are allocated before the market opens the next day."

    • Secondary Offering

      When an already public company sells or registers additional shares in the public market. These offerings typically have a trading history and valuation set by the market. Secondary Offerings come in different forms, and are often completed in hours ...

    • Underwriter

      An investment bank that works with the Issuer to take it public.

    • Allocation

      The number of shares distributed to an investor.