SoFi takes a number of factors into consideration when determining how to allocate shares/units to members. Specifically, SoFi will look at the size of a member’s order request and the total account value that a member has on the SoFi Invest platform. SoFi will also consider a member’s prior participation in IPOs on SoFi’s platform and whether or not that member has previously violated SoFi’s IPO Flipping Policy.
Importantly, each IPO transaction is unique and carries its own set of terms, opportunities, and risks. Therefore, SoFi’s allocation determination will be made on a deal-by-deal basis, irrespective of whether or not a member is placing orders for multiple deals at the same time.