RE: Allocation?12 Apr 2017 09:54
crude, you never know!
But, my understanding is that your broker will take payment upfront and allocate the extra shares to your account.
your broker then takes the complete amount of shares requested by all of its holders forward to the oo. They will then receive either the full request or a percentage of that request depending on the take up of the oo. And in turn will adjust the amount of extra shares in each account to reflect the outcome.
I hope that makes sense.
Denziiil