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Technology Stocks : E*TRADE IPO ALERT THREAD
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To: STOCKaHOLIC who wrote (1971)5/10/1999 2:38:00 PM
From: cmac  Read Replies (2) of 15145
 
Copied from ETrade's IPO FAQ re: Allocations.....

E*TRADE's goal is to allocate shares evenly amongst all interested participants. For this reason the process takes place in rounds; in the first round, we allocate 100 shares to each order submitted in the sequence indications of interest were entered. In the second round, we allocate another 100 shares to each order greater than 100 shares. This process is repeated until all orders are filled or until we run out of shares to allocate, whichever occurs first.

I wouldn't trust an ETrade broker until you see this change.
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