$CapLand IntCom T (C38U.SG)$ I was shocked when I saw my dai...
$CapLand IntCom T (C38U.SG)$ I was shocked when I saw my daily P/L dropped a lot today. Then I realized that the amount of money required for my subscription for the preferential offering (I have over subscribed) was withdrawn out of my moomoo account. What does that mean? Does that mean I am getting all the preferential offerings that I have subscribed to? I seriously doubt so cos the preferential offering is not even closed yet. Is that normal? I am new to the preferential offering. Appreciate your advice. Thanks
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LeIvAzEr : Yes, the amount deduction was for the over subscription that you have allocated. Deduction will be made from 20th Sept - 24th Sept 2024, I have happened to know when I rang up Moomoo to seek advice on this matter.
104156217 OP : O. Thought the over subscription will only be balloted after the closing date if not all the offerings are taken up. I wonder how they allocate it to us as this preferential offering has yet to close. Anyway, thanks a lot.
XYZ123 : Of course, you will NOT get all the preferential offerings that you have subscribed…
At most , 5-10% if you are lucky…
After all, who wouldn’t pay $2.007 when the shares is trading at $2.10-$2.15 ???
Anyway, any excess deducted will be refunded after the exercise is over…
104156217 OP XYZ123 : I thought so too. thanks a lot.
dookiro XYZ123 : I think will drop further