TSX:HOT.DB.V - Post by User
Comment by
ArbProfiton Dec 12, 2016 11:27am
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Post# 25585805
RE:RE:Allocation
RE:RE:Allocationrighand2 wrote: ArbProfit wrote: I placed an expression of interest for the offering in one of my brokerage accounts, to see how much I would get. I was allocated 17.5% of the quantity I requested, so the demand was significant.
That is odd, as I got my full allocation. But then again, I am an accredited investor, maybe that made a difference. Whatever the case, buying at $10.20 is a gift.
Interesting. Thanks for the info. I called the broker that I used for this order (RBC) and they claim that it's on a first-come-first-serve basis. I'm not convinced that the customer service rep knew for sure. FWIW, I'm also an accredited investor, and this order was placed in a business account. The rep claims neither factor gives priority for share allocations. Fortunately the shares traded below the offering price, so I was able to get the shares that I wanted. I'll likely sell in a few months, then purchase on the open market again after the next, inevitable offering is announced.