How IPOs are allocated: 5 questions you can answer using the preliminary prospectus
A typical split is 90/10 with only 10% of IPO shares going to individual investors, also known as retail clients.
There are a number of factors that determine how IPO shares are allocated. To gain a better understanding of how many shares may be available to retail clients, review the deal's preliminary prospectus, commonly referred to as the red herring.
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Next steps to consider
View offerings, download a prospectus, or participate.
Understand IPO requirements and communications.
Learn about the process, risks, and rules associated with IPOs.