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What is a Secondary or Follow-On Offering?
A Secondary or Follow-on Offering is when an already public company sells additional shares.
Initial Public Offering (IPO)
When a company issues shares to the public for the first time. Known as "going public".
Lead Underwriter
This is the Underwriter that leads an offering, located in the upper left hand side of the prospectus.
How many shares will I receive or be allocated?
You could be allocated the entire dollar amount of your order, part of your order, or none of your order. Your allocation depends on how much interest/demand there is in a specific offering.
Why do you take orders in dollars instead of shares?
We take orders in dollars because the final price of the offering is not determined until the offering is effective. Your allocation will be in shares. Regardless of the final price, you will not be allocated more shares than the total dollar amount ...