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r/stocks
Which brokerages ended up being the most liberal with Spacex allocations?
Investor summaryBullish
Author complains about a 3% IPO fill at Schwab for SPCX, but is glad the stock is up 25% post-IPO.
Bull points
- SPCX is trading more than 25% above its IPO price.
- Initial IPO allocations are already showing a profit.
Bear points
- Retail investors face severe IPO allocation shortages, getting only a fraction of requested shares.
- The heavily marketed 30% retail allocation quota seems to be a false promise.
Post body
put in for 3,700 shares of SPCX (\~$500k worth) and got 111 back. 3% fill on schwab, and that's with their 100k minimum just to get in line. now its trading 25%+ over the IPO price so the 111 shares are green at least, but requesting half a mil and getting 15k of stock stings. anyone actually land a real fill anywhere, or was it this ugly everywhere? feels like the 30% retail headline was mostly marketing tbh.
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