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 appeared at Fidelity Investments reducing minimums to $2,000 to participate at the IPO price. SpaceX allocated more shares to retail investors than typical IPOs. Eligibility is evaluated per IPO with 15-day early trading can trigger restrictions. A lifetime ban on Fidelity IPO participation tied to an SSN. The IPO is planned at around $135 per share, seeking roughly $75 billion with possible greenshoe. In what could be a broad access event. Each IPO governs eligibility separately. Investors must consider account readiness. IPO price available to eligible accounts.