IPO allocation
The portion of a submitted order that is actually filled in a placement.
How to read the number
Where demand exceeds supply the shares are distributed rather than handed over in full, on rules the issuer sets together with the organiser.
When the metric lies
A small allocation breaks the plan before it starts: cash was blocked against the unfilled part of the order, and the position received is smaller than the one intended.
Also known as: ipo allocation