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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.