If you receive an allocation of shares in an IPO on Public, we will deduct the purchase price from your brokerage account at the time of allocation. Shares are typically allocated the morning of a company’s IPO.
As of 4 PM ET on the day before the IPO, you must have enough buying power in your brokerage account to cover the maximum cost of your request for shares. If you do not have sufficient funds available, then we will cancel your request for shares, and you will not be allocated any shares in the IPO. It is your responsibility to make sure that you have sufficient funds in your account.