Before you start:
Account verification completed.
Active $10 monthly IPO subscription.
Enough available cash to cover your request.
Finding upcoming IPOs
Open Discover or the Search dashboard.
Tap IPO Calendar.
Browse the list of Upcoming IPOs.
Tap a company to view its price range, listing date, company details, and prospectus summary.
Tap Read full prospectus to view the complete document.
Note: Companies accepting requests appear at the top with a "Request button". Other IPOs are grouped by month and will show “To be announced” until a date is confirmed.
Subscribing to IPOs and Placing Requests
Select the available IPO and tap “Unlock Access to IPOs” if you’re not subscribed yet, or “Request Shares” if you already have an IPO subscription.
Enter your amount. Minimum $100
Tap "Preview order", review the details, then slide to confirm.
Turn on notifications to get an alert before your request locks.
Subscription
$10 per month for access to IPO requests.
No fee per request. Your full requested amount goes towards shares.
One subscription covers every IPO open for requests that month.
Does not renew automatically. Subscribe again when you want to request another IPO.
Modify or Cancel
Go to History → Pending, select your IPO order, then tap Modify or Cancel before the deadline.
60-Minute Window
About 60 minutes before the final price is set, we’ll notify you. You can change your amount, cancel, or leave it unchanged. After the window closes, your request is binding.
Statuses
Completed: IPO shares allocated. Shares will appear in your portfolio on the listing day, usually a few hours before trading begins.
No shares: No shares received.
Rejected: Request rejected before allocation.
Cancelled: IPO listing cancelled.
Note: No funds are taken for No shares, Rejected, or Cancelled statuses.
FAQ
Is there a minimum amount to request an IPO?
Is there a minimum amount to request an IPO?
Yes, the minimum is $100.
Can I modify or cancel my request?
Can I modify or cancel my request?
Yes. You can modify or cancel your request until the reconfirmation window closes. After that, your request can’t be changed or cancelled.
Where can I check my request status?
Where can I check my request status?
Go to History and select your IPO order to view its status and details.
What if I miss the 60-minute window
What if I miss the 60-minute window
Nothing changes. Your request stays as submitted and proceeds at the final price.
Can I request more than one IPO at a time?
Can I request more than one IPO at a time?
Yes! You can submit IPO requests for as many different available IPOs as you want. However, you can have only one request per IPO at a time, which you can edit whenever needed.
For example, if SpaceX and OpenAI are both accepting IPO requests, you can submit one request for each. However, you cannot submit two separate requests for OpenAI with different amounts. Instead, you can edit your existing OpenAI request to change the amount.
Is there a fee when requesting an IPO?
Is there a fee when requesting an IPO?
No, there is no fee for submitting an IPO request. The full requested amount goes toward purchasing shares. You just need an active IPO subscription to submit a request.