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Portfolios & Balances: Account Positions
I know that I bid for more than those over 85.... My guess is that the allotment was decreased, I did not even get my highest bid completely filled, and my second bid was at $85.02 and I did not even get one share of that bid.
Anyone else experiencing this?
The allotment was clearly adjusted downward to let more investors in. This means that the demand at the $85 price is naturally higher than we thought.
P.S: The total number of shares that you were bidding for could have been a factor in the allocation process as there were other bids under $85 in my account.
looking forward to seeing a quote flash across my screen.
If this is the case, I don't understand why the price is set at $85. It should be higher.Maybe Google really wanted more people to get a hold of IPO shares. This decreased allotment was explained in the prospectus as something that they might do.
Its alarming to see such a big one day loss in my account because the GOOG shares are in there at $0.Hehehe, same thing happened to me when I logged in, I was like What?
I think you are right - there was a discount, but no one is reporting it - or they allocated the shares among the dealers differently.
If you look at the final prospectus - you can see how much each dealer got.
Morgan Stanley & Co. Incorporated
Credit Suisse First Boston LLC
E*TRADE Securities LLC
I bet a decent amount of those 294,243 shares at etrade are from people on here.