What is a Conditional Offer to Buy (COB), and why do I enter a dollar amount instead of a number of shares?

A Conditional Offer to Buy (COB) is your application for shares in a US e-IPO on Pluang — it's "conditional" because you only receive shares if the underwriter allocates them to you. You enter a dollar amount instead of a share count because the final IPO price isn't set until the underwriter decides it the morning of the IPO, within a published price range.

How it works:

• Entering a dollar amount tells Pluang how much you're willing to invest regardless of the final price; you receive as many whole shares as that amount can buy once the price is set.
• Your entered amount is reserved from your USD Cash immediately; any unused portion is returned automatically.
• Only one active COB is allowed per IPO — use Amend to change the amount instead of placing a new order.
• A COB does not guarantee an allocation — it can be fully allotted, partially allotted, or not allotted depending on demand.

Related questions:

Q: Can I submit more than one COB for the same IPO?
No — only one active order per IPO is allowed; use Amend instead of placing a new order.

Q: Does entering a larger dollar amount guarantee more shares?
No — allocation depends on demand; a larger order can still be scaled back if the IPO is oversubscribed.

Q: Is my COB locked in the moment I submit it?
No — it can be cancelled or amended until the 60-minute final warning window closes.