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Technology Stocks : SCHWAB IPO ALERT THREAD -- Ignore unavailable to you. Want to Upgrade?

To: capitalistbeatnik who wrote (1890)	12/9/1999 4:02:00 PM
From: John F.	Respond to of 2276

Thanks VISXbull. Some time back, I read the full process description on the Schwab-IPO web site, but, it has been awhile. For those interested, the Schwab IPO Process along with Schwab's IPO Policies can be found at ... schwab-ipos.com You actually have to give Schwab credit for being fairly clear on this matter and for posting the information in black and white for all to read on their site. I just hope I do not have to wait until 2001 before I am again eligible to get IPO shares. And, I wish Schwab would let me know by email: 1. that I am currently ineligible to receive IPO shares, & 2. when I am again eligible to receive IPO shares. Below I cite "Equity Public Offering Policies at Schwab" (sections 3 & 7) verbatim as of 12/9/99: ------------------------------------------------------ Equity Public Offering Policies at Schwab: 3. Allocation Procedure: An affirmed offer to purchase does not guarantee that you will be allocated all or any of the shares you conditionally offer to purchase. Your affirmed offer to purchase may be accepted in full, in part, or not at all. When allocating shares in public offerings to Signature Services Platinum and Gold clients, Schwab will attempt to distribute shares to as many of those eligible clients that place an affirmed offer to purchase as may be feasible under the circumstances of a given offering. In most circumstances of excess demand Schwab will use an allocation model. The allocation model assigns points based on the Signature Services program you qualify for, your total assets at Schwab, and the date of the opening of your first account with Schwab. The allocation model includes a deduction of points for participation in earlier offerings, which is intended to expand the number of eligible Signature Services Platinum and Gold clients who participate in public offerings. The allocation model does not assure that you will be allocated shares in any given public offering. Schwab reserves the right to change the allocation model or the method by which it allocates shares at any time and may reject any offer to purchase in whole or in part at its sole discretion. As a general matter, allocations are in 100 share round lots. (See also policy #7 below.) 7. Selling IPO Shares: While Schwab customers are always free to sell shares purchased in a public offering at any time, short holding periods of less than 31 calendar days will be a factor in determining whether Schwab allocates you shares in future public offerings. Accordingly, your selling shares purchased in a public offering within 30 calendar days of such purchase will result in your being restricted from participation in initial public offerings through Schwab for a period of 3 months. ------------------------------------------------------ Again, the complete text for ... The Equity Public Offering Process at Schwab: along with Equity Public Offering Policies at Schwab: can be found at ... https://www.schwab-ipos.com