Coinbase has opened an IPO application for U.S. retail investors: getting allocated 0 is normal
Coinbase has tucked the IPO application into the app: eligible U.S. users can, before the public trading begins, submit bids at the offer price for this Oura deal—and the money needs to be set aside in the account in advance.
Don’t interpret it as “tap once and you’re guaranteed to get shares.” The official line says the allocation could be all, only part, or even none; after listing, you may have to sell within 30 days, and you could also be barred from further IPO applications for 60 days. People who keep flipping allocations will likely get even less quota going forward. The channel is registered under FINRA as Coinbase Capital Markets, and clearing is handled by Apex.
Mainland accounts can’t access this channel anyway. Even if you’re in the U.S., treat it as “possibly allocated 0” in your expectations, and don’t hear “application entry” as a sure way to get chips.
Coinbase has tucked the IPO application into the app: eligible U.S. users can, before the public trading begins, submit bids at the offer price for this Oura deal—and the money needs to be set aside in the account in advance.
Don’t interpret it as “tap once and you’re guaranteed to get shares.” The official line says the allocation could be all, only part, or even none; after listing, you may have to sell within 30 days, and you could also be barred from further IPO applications for 60 days. People who keep flipping allocations will likely get even less quota going forward. The channel is registered under FINRA as Coinbase Capital Markets, and clearing is handled by Apex.
Mainland accounts can’t access this channel anyway. Even if you’re in the U.S., treat it as “possibly allocated 0” in your expectations, and don’t hear “application entry” as a sure way to get chips.
