r/stocks
SPCX allocation ... is it too easy
Author received full allocation of 400 SPCX shares despite oversubscription rumors, questioning if the IPO hype was exaggerated.
- The IPO might be overhyped with weak actual demand, as the author received full allocation despite oversubscription news.
I am only willing to use a small portion of my portfolio on the IPO, so I put in a request for 400 shares. That is the most I am willing to put into SpaceX. Since the news outlets were saying it was oversubscribed, I honestly would have been happier if my request got cut down.
Then the email came, and I got all 400 shares allocated.
So now I am wondering, is my 400 share request too small to be considered a big amount, so they just gave me all of them? After all, it is only about 0.00007% of all shares made available to the public. Or was the oversubscription news mostly hype, and the actual reaction to the IPO was not that strong?