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 lowering minimums to $2,000 to access SpaceX stock at the IPO price. SpaceX allocated more shares to retail investors than typical IPOs. Eligibility is evaluated per IPO and early sales within 15 days can trigger restrictions. 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. In what could be a broad access event. Fidelity indicates checks are done per offering. Prospective buyers should confirm account criteria. IPO price available to eligible accounts.