Pro-rata shares are allocated if a general bid is oversubscribed at the auction of an IPO.

Name: Pro-rata shares are allocated if a general bid is oversubscribed at the auction of an IPO.
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Pro-rata shares are allocated to investors if the general bid is oversubscribed at an IPO auction. This means that each investor will receive a proportionate share of the total number of shares available instead of the full amount they subscribed for.

Pro-Rata Shares Are Allocated If a General Bid Is Oversubscribed