When the IPO offering becomes available for subscription, the price range for the IPO will be established. For Secondary Public Offerings, the previous business day's closing price will be displayed. Here's how the cash reservation process works:
1. Upon submitting a conditional buy order (CBO), an amount equal to the CBO will be reserved from your account.
2. This reserved amount will remain on hold until the completion of the offering.
3. Once the offering is completed, the allocated shares will be credited to your account.
Therefore, the cash reserved from your account during the offering process will be equal to the amount specified in your conditional buy order (CBO).