Why do you take orders in dollars instead of shares?

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 of your order.

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    • Can I sell my CEF shares at any time?

      Yes, since CEF shares are traded on the stock exchange, you can buy or sell shares at any time during trading hours at the current market price.

    • 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.

    • Underwriter

      An investment bank that works with the Issuer to take it public.

    • Allocation

      The number of shares distributed to an investor.

    • Issuer

      The company that is going public and is issuing shares to the public.