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Non-Tech : TD Waterhouse Group (TWE)
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To: CIMA who wrote (93)6/16/1999 6:58:00 PM
From: Thean  Read Replies (1) of 1413
 
If TWE is priced on June 22/23, then it makes sense the IPO trades on 6/24 so that three days later (6/28) is settlement.

That means one would have to have sufficient cash deposited before 6/24 on the account to be safe one gets allocated. They may check if sufficient cash is available in the total equity to pay for the IPO comes 6/24.
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