What does this statement mean? Like can you explain it please? If you can get an allocation

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What does this statement mean? Like can you explain it please?

"If you can get an allocation of shares of common stock in an IPO, it's like getting free money."

Related Book For answer-question

Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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Posted Date: May 10, 2024 05:13 AM

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What does this statement mean? Like can you explain it please? If you can get an allocation

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The statement If you can get an allocation of shares of common stock in an IPO its like getting free money means that participating in an initial publ... View the full answer

Foundations of Financial Management

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