[bozoUser]

Is the advantage of getting an allocation purely that the said investor buys the said stock at the price that is agreed upon in the price range of the filings with NASDAQ/NYSE ?

Also are these investors usually the HNW individuals who typically invest Millions thru the investment banking firms that are underwriting the said IPO, so win/win for the HNW and the banking firm in the way that it can guarantee the IPO'ing company that it can confidently underwrite and is also using the HNWs money to cover most of the risk ?

Please correct me if I am wrong in understanding this complex process.

[jonnycat]

Yes, the advantage is getting the actual IPO price, rather than buying on the open market. For example, BYND IPO'd at $25, but shares hit the open market in the mid $40s (and climbed very quickly into the $60s). That kind of performance is obviously not guaranteed, but is not exactly atypical for hot offerings.