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Who is restricted from participating in an IPO?

Updated this week

Certain financial industry professionals, including employees and associated persons of broker-dealers and portfolio managers, and their immediate family members are generally restricted from participating in an IPO.

Before you can submit a request to participate in an IPO on Public, you must certify that you are not restricted from participating. For specifics on who is restricted from participating in an IPO, see FINRA Rules 5130 and 5131.

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