Hi there
I placed an order of 10,000 shares at the asking price of 50.00.
1,000,000 of my money went for the order.
Is there anyone know about the breakdown of this investment and brief me please...
Many thanks
Jason
The system estimates an issue price of AS$ 100,00 per share and take this money from your bankaccount.
In case the issue price is less than AS$ 100,00 you will get the difference back on your bankaccount.
In case the issue price is above AS 100,00 you will receive less shares than ordered.
The issue price increases with the number of shares signed but will not exceed AS$ 200,00 per share.
Monitor the IPO on a regular basis and you will understand very easy how it works.
The system estimates an issue price of AS$ 100,00 per share and take this money from your bankaccount.
In case the issue price is less than AS$ 100,00 you will get the difference back on your bankaccount.
In case the issue price is above AS 100,00 you will receive less shares than ordered.
The issue price increases with the number of shares signed but will not exceed AS$ 200,00 per share.
Monitor the IPO on a regular basis and you will understand very easy how it works.
Oh I understand now.
Thank you very much :)