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Initial public offerings (IPO)

What is an ASX IPO?

When a company undertakes an Initial Public Offering (IPO), it starts selling its shares to the public on an exchange, in order to raise capital. Prior to these shares becoming tradable on the ASX, the company sells the IPO shares at a fixed price to investors, such as financial institutions or individuals. 

Stake partners with lead managers and brokers to give you easy access to buy shares in certain companies before they first open for trading on the ASX. 

It is recommended that you do your due diligence before considering these investments, read any Product Disclosure Statements, other Company or Market research and listing information as it is made available on Stake, ASX or Company websites. 

You should consider your risk appetite, and look at how these shares might fit within your wider investment strategy and portfolio.

How do I bid on an IPO?

To view IPOs currently open for bidding on Stake:

  • Open your Stake app 
  • Make sure you have ‘AUS’ selected in the top right of your screen
  • Select ‘Markets’ from the bottom menu
  • Scroll down to the ‘Capital Raises’ section and select the ‘IPOs’ tab
  • Tap ‘Explore hub’ to view all available IPOs on Stake

To bid on a specific IPO:

  • If there’s an IPO you’re interested in, tap to view more details, including the Prospectus
  • To place a bid, hit the green ‘Bid’ button at the bottom of the screen
  • Enter the number of shares you wish to buy, noting the minimum bid amount and your available buying power, then continue to confirm your bid

What is a U.S. IPO?

When a company undertakes an Initial Public Offering (IPO), it starts selling its shares to the public on an exchange, in order to raise capital. Its internal shareholders get a chance to sell their shares to institutions and retail investors. 

Typically, an investment bank underwrites the process. The bank will determine a fair value for a company’s shares, buy the shares and then sell the shares to its network of funds, banks and investors through exchanges.

Stake through its broker-dealer, Drivewealth will endeavour to support U.S. IPOs on the Nasdaq or NYSE. As soon as these stocks are listed on the secondary market, they will become available for you to trade. 

In some cases, an IPO launch and availability on Stake can be deferred. IPO dates are estimated and subject to change. In some cases, companies will postpone or withdraw their plans entirely. We’ll endeavour to make these new securities available on the Stake platform as soon as reasonably possible.

For any questions about upcoming IPOs on Stake, you can reach out to the Stake support team here

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Stakeshop Pty Ltd, trading as Stake, ACN 610105505, is an authorised representative (Authorised Representative No. 1241398) of Sanlam Private Wealth Pty Ltd (Australian Financial Services Licence No. 337927) ('Sanlam') and an authorised representative (Authorised Representative No. 1241398) of Airwallex Pty Ltd (Australian Financial Services Licence No. 487221) ('Airwallex'). Stake is not authorised by Airwallex under Airwallex’s AFSL to arrange for clients to be issued with securities as Airwallex is not authorised under its AFSL for this purpose. Stake is not authorised by Sanlam under Sanlam’s AFSL to arrange for clients to be issued with a non-cash payment facility as Sanlam is not authorised under its AFSL for this purpose. Stake SMSF Pty Ltd (‘Stake Super’) is not licensed to provide financial product advice under the Corporations Act. This specifically applies to any financial products which are established if you instruct Stake Super to set up a self managed super fund (‘SMSF’). When you sign up to Stake Super, you are contracting with Stake SMSF Pty Ltd who will assist in the establishment of a SMSF under a ‘no advice model’. You will also be referred to Stakeshop Pty Ltd to enable your trading account and bank account to be set up in order to use the Stake Website and/or App. Stakeshop Pty Ltd will also run marketing and promotions to you under. For more information about SMSFs, see our SMSF Risks page.The information on our website or our mobile application is not intended to be an inducement, offer or solicitation to anyone in any jurisdiction in which Stake is not regulated or able to market its services. At Stake and Stake Super, we’re focused on giving you a better investing experience but we don’t take into account your personal objectives, circumstances or financial needs. Any advice given by Stake is of a general nature only. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate taxation and legal advice. Please view our Financial Services GuideTerms & ConditionsPrivacy Policy and Disclaimers  before deciding to invest on or use Stake or Stake Super. By using our website or service in any way, you agree to our Privacy Policy and Terms & Conditions. All financial products involve risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Past performance of any product described on this website is not a reliable indication of future performance. Stake and Stake Super are registered trademarks in Australia.

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