Australian (ASX) Stock Market Forum

Missed IPO? Can anyone help me with this question?

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21 August 2009
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I applied for some shares for Royal Wolf, (recent IPO) which were listed on the stock market today.

At the time I didnt have enough money in my account, and when I called Commsec, finally got an answer after 2 days that it was too late. (I was not happy considering they didnt return my calls from the previous day so I missed the IPO grrr) I had applied online and it was confirmed through commsec.

Anyway now the $4k has been taken out of my account even though I was told I didnt get any, plus now I have a stock in my portfolio called RWHYY, does anyone know what the YY stands for?

I hope this makes sense.
 
This may explain it to you. The codes were RWHYY - Broker firm offer and RWHXX Institutional Offer.

Cheers
Country Lad
 

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ah yeah thanks for that, I understand it now!

and even though Commsec told me I wouldnt get any I did infact get some, so im happy now!
 
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