Will I Get the Full Number of Shares I Ordered, and How Is the Final US e-IPO Price Decided?

Not necessarily — IPO allocation depends on demand, so you may receive your full order, a reduced amount, or none at all if the IPO is oversubscribed. The final price itself is set by the underwriter the morning of the IPO based on investor demand, usually within the published range but sometimes up to 20% higher for highly anticipated offerings.

• Three possible allocation outcomes:
• Fully Allotted — you receive shares worth the full amount you ordered (minus any rounding to whole shares).
• Allotted with Scale Back — you receive fewer shares than ordered; the unused portion of your reserved amount is returned to your USD Cash.
• Shares Not Allotted — you receive no shares; the full reserved amount is returned to your USD Cash.
• Why scale-back happens: When demand for an IPO exceeds the number of shares available ("oversubscribed"), the underwriter decides how to fairly distribute the limited supply — this is a normal outcome, not an error.
• Price variance doesn't invalidate your order: Because you entered a dollar amount rather than a share count, your order stays valid at whatever the final price turns out to be — you simply receive the number of whole shares that amount can buy at that price.
• No fractional shares: IPO shares are only allocated in whole units; if your dollar amount doesn't divide evenly at the final price, the leftover is returned to your USD Cash.
• Fees: There's no fee for placing an IPO order or receiving an allocation. Once shares are allotted, they're ordinary US Stock holdings — selling them later uses Pluang's standard US Stocks selling fees (0.2% for Pluang+ / 0.3% for Regular, plus mandatory regulatory fees such as JFX & KBI, SEC, TAF, and CAT fees).

Related questions:

Q: Why might I get fewer shares than I ordered?
The IPO was oversubscribed — demand exceeded the available shares, so the underwriter scaled back allocations across investors.

Q: Do I pay extra if the final price is higher than I expected?
No — you invest the dollar amount you set; a higher final price just means you receive fewer whole shares for that same amount.

Q: Is there a fee to place a US e-IPO order?
No — placing an order, receiving an allocation, and getting a refund are all free; standard US Stocks fees only apply once you sell the shares after listing.