IPO trading

Discover how you could gain exposure to a company’s shares – both before and after they list – with our guide to trading initial public offerings (IPOs).

Call 0800 195 3100 or email newaccounts.uk@ig.com to talk about opening a trading account. We’re here 24 hours a day, from 4am Saturday to 10pm Friday.

Contact us: 0800 195 3100

Why trade IPOs with IG?

Get exposure to shares pre-IPO

Buy or sell based on your prediction of a company’s market cap

Invest in stock after an IPO

Buy and own physical shares with a share dealing account

Speculate on share price movements

Go long or short on leverage with CFD trading or spread betting

How can you trade an IPO?

Pre-IPO: grey market

Our exclusive grey markets1 enable you to speculate on a company’s market cap before it lists.
You’d ‘buy’ if you think the market cap will be higher than the grey market price at the end of the first trading day, or ‘sell’ if you think it will be lower.

After the IPO: trading or investing

After a company has listed, we offer two ways for you to attempt to profit from the initial public offering. You’ll be able to:

  • Go long or short on the share price by trading CFDs or spread betting
  • Buy and own physical company shares by share dealing

Open an account now

Fast execution on a huge range of markets

Enjoy flexible access to more than 17,000 global markets, with reliable execution

Deal seamlessly, wherever you are

Trade on the move with our natively designed, award-winning trading app

Feel secure with a trusted provider

With 45 years of experience, we’re proud to offer a truly market-leading service

Fast execution on a huge range of markets

Enjoy flexible access to more than 17,000 global markets, with reliable execution

Deal seamlessly, wherever you are

Trade on the move with our natively designed, award-winning trading app

Feel secure with a trusted provider

With 45 years' experience, we’re proud to offer a truly market-leading service

Start trading now

Log in to your account now to access today’s opportunity in a huge range of markets.

IPO trading steps

Follow the steps below to start trading IPOs:

1. Learn how IPOs work

Discover everything you need to know in our guide to IPOs

2. Choose an IPO to trade

Explore upcoming IPOs with in-depth expert analysis

3. Decide whether to trade derivatives or buy shares

Learn about the differences between buying and trading shares, and choose the method that’s right for you

4. Open an IG account

Create a live account if you want to start trading on live markets, or open a demo account to practise with £10,000 in virtual funds

5. Build your IPO trading plan and strategy

Make sure you know when to take profits and cut losses

6. Open your first position

Benefit from leverage when trading or invest in US stocks commission-free and UK stocks from as little as £32

What is an IPO?

An IPO, or initial public offering, is the first sale of stock issued by a company. It is one of many ways in which companies seek to raise capital. Listing on a stock exchange helps to increase the exposure of a company, which means that IPOs can increase sales and profit. For traders and investors, an IPO can be a great way of buying shares of a company – or taking a position on its price movements – the moment it hits the stock market.

FAQs

Can I make money trading initial public offerings (IPOs)?

Yes, you can make money trading initial public offerings if you correctly predict share price movements. You can do this pre-IPO through a grey market, or after the IPO by speculating on share price movements using CFDs or spread bets. You could also profit from an IPO if you buy shares outright via share dealing and the share price goes up.

Is it a good idea to invest in an IPO?

Whether or not it is a good idea to invest in an IPO depends on your risk appetite. Some IPOs perform very well, while others can disappoint when shares hit the market. Financial markets can be very volatile following a high-profile IPO, which is why you need a proper risk management strategy in place if you want to buy, sell or short shares.

Can I trade shares before the IPO?

No, but you can speculate on the share price before the IPO if IG offers a grey market. By trading a grey market stock, you’re taking a position on a company’s potential market capitalisation ahead of its IPO. If you think that the company will be worth more than the price indicated, you can ‘buy’ the market. If you think that the price is an overvaluation, you can ‘sell’.

You might be interested in…

Learn how to buy and sell shares online with IG

A list of upcoming IPOs in the UK, US and globally

Spread bet or trade CFDs on thousands of ETFs

1 We do not offer grey markets on all IPOs.
2 Trade in your share dealing account three or more times in the previous month to qualify for our best commission rates. Please note published rates are valid up to £25,000 notional value. See our full list of share dealing charges and fees.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.