Quote Originally Posted by JAYAY View Post
The question is - 20% of what?
IE If I own 5000 shares and I apply for $20,000 worth, what would the formula be if we were to be allocated 20%?
Bearing in mind that it seems that the number of shares owned and the amount applied for are both factors in the equation.

I actually emailed Link the other day with this question. Still waiting for a reply.
I don't think you'll get a satisfactory reply, JAYAY. The share registrar doesn't have the discretion, it's with the company/issue managers/underwriters who will instruct the registrar what formula to use at the appropriate time - which will be after the issue closes, I expect.