If you get in before enrollment closes, you will be able to reserve IPO stock. You may receive less than your request, depending on the final number of shares and reservations.
In an IPO, you choose the maximum amount you would like to invest. Since limited shares are available, you may not receive the amount you requested. You only pay for the shares you receive.
Learn More About Allocation
After an IPO's price has been determined, the two-hour decision window begins. This gives you a final chance to cancel your order. Under certain conditions, you may be required to confirm your reservation during the window.
Learn More About Confirmation