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 Investments reducing minimums to $2,000 to participate at the IPO price. SpaceX earmarked more stock for retail than usual versus standard allocations. Eligibility is evaluated per IPO with 15-day early trading can trigger restrictions. Possible lifetime ban linked to SSN may apply. Target price around $135 per share, targeting ~$75 billion and possible over-allotment. This could widen investor access. Fidelity indicates checks are done per offering. Prospective buyers should confirm account criteria. IPO price available to eligible accounts.