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 took place with Fidelity reducing minimums to $2,000 to access SpaceX stock at the IPO price. SpaceX reserved a larger share for retail relative to other IPOs. Access is determined per IPO potential restrictions if sold within 15 days. A lifetime ban on Fidelity IPO participation tied to an SSN. Pricing eyed at about $135 per share, targeting ~$75 billion and possible over-allotment. This could widen investor access. Fidelity notes eligibility is evaluated per IPO. Prospective buyers should confirm account criteria. IPO price available to eligible accounts.