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 was seen at Fidelity Investments reducing minimums to $2,000 to access SpaceX shares at the IPO price. SpaceX reserved a larger share for retail relative to other IPOs. Qualifications are assessed per offering and early sales within 15 days 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. This could widen investor access. Each IPO governs eligibility separately. Investors should be aware of account requirements. SpaceX stock is being offered at IPO price to qualifying accounts.