Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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. 71% 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.

IPO trading

Get in at the ground floor of company listings with us, the UK’s only provider that lets you trade before, during and after an initial public offering (IPO).1

Call 0800 195 3100 or send us an email with any questions about opening a trading or investment account between 8am and 6pm (UK time) on weekdays.

Contact us 0800 195 3100

Get info fast via our instant help and support portal. Available for account queries, ProRealTime, product info and more.

Visit help and support for more information.

Get info fast via our instant help and support portal. Available for account queries, ProRealTime, product info and more.

Visit help and support for more information.

Call 0800 409 6789 or email helpdesk.uk@ig.com if you have any questions about trading or investing. We're available 24/7 between 8am Saturday and 10pm Friday.

Contact us 0800 409 6789

Call 0800 195 3100 or send us an email with any questions about opening a trading or investment account between 8am and 6pm (UK time) on weekdays.

Contact us 0800 195 3100

Get info fast via our instant help and support portal. Available for account queries, ProRealTime, product info and more.

Visit help and support for more information.

Get info fast via our instant help and support portal. Available for account queries, ProRealTime, product info and more.

Visit help and support for more information.

Call 0800 409 6789 or email helpdesk.uk@ig.com if you have any questions about trading or investing. We're available 24/7 between 8am Saturday and 10pm Friday.

Contact us 0800 409 6789

Why take a position on IPOs with us?

Trade our grey markets pre-IPO

Go long or short on whether you think a company’s market cap will be higher or lower than our prediction

Invest at the IPO price

Receive a stock allocation on the primary market at the same time and price as institutional investors

Take your position from day one

Trade or invest in the company’s shares on the secondary market as soon as it’s fully listed

Make use of our best execution

Your orders will be filled in 0.013 seconds from submission, in line with our best execution policy

Pay no additional charges

Deal at zero commission on all primary market IPO subscriptions2

Keep up to date on the latest IPOs

Read news and analysis on upcoming IPOs from our in-house team of experts

How can you get exposure to an IPO?

We’re the only UK provider that lets you take a position pre-IPO, participate in the IPO and trade the stock once it’s fully listed.1

Grey market

Our exclusive grey markets enable you to speculate on what a company’s market cap will be at the end of its first trading day using spread bets and CFDs.3 You’ll ‘buy’ (go long) if you think the company’s market cap will be higher than our grey market price, and ‘sell’ (go short) if you think it will be lower than our price.

Primary market

Subscribing to the primary market lets you receive a stock allocation at the same time and price as institutional investors. This means you can take your position without having to wait for the secondary market to open.

To access the primary market, create a share dealing account with us.

Secondary market

The secondary market follows the primary market, and it's where stocks are freely exchanged. There are two ways for you to take a position on the secondary market following an IPO. You can:

  • Invest in the company’s shares by share dealing
  • Trade on the company’s share price with spread bets or CFDs

IPOs to watch

  • Expected
  • Listed

Open a share trading account in minutes

Open a share trading account in minutes

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

Open an account now

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

Start trading now

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

Start trading now

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

How to take your IPO position

1. Learn how IPOs work

Discover everything you need to know in our guide to IPOs.

2. Choose an IPO

Explore upcoming IPOs with news and analysis from our in-house experts.

3. Decide whether to trade or invest

Learn about the differences between trading and investing.

4. Open an account

Choose between a share dealing account or leveraged trading account.

5. Build your IPO strategy

Make sure you know when you plan to take profits and cut losses.

6. Open your first position

Place your trade or invest with our best commission rates.4

What is an IPO?

An IPO is the traditional way for a company to go public. IPOs can increase sales revenues and profit because listing on a stock exchange helps to increase a company’s exposure.

For investors and traders, an IPO can be a great way of buying shares in a company – or taking a position on its price movements.

We’re the only UK provider that lets you take a position pre-IPO, participate in the IPO and trade the stock once it’s fully listed.1

What is an IPO?

An IPO is the traditional way for a company to go public. IPOs can increase sales revenues and profit because listing on a stock exchange helps to increase a company’s exposure.

For investors and traders, an IPO can be a great way of buying shares in a company – or taking a position on its price movements.

We’re the only UK provider that lets you take a position pre-IPO, participate in the IPO and trade the stock once it’s fully listed.1

FAQs

Can I make a profit trading initial public offerings (IPOs)?

Yes, you can make a profit trading initial public offerings if you correctly predict share price movements. However, if your prediction is incorrect, you’d incur a loss.

You’ll use spread bets or CFDs to speculate on our grey markets before an IPO, or on share price movements after the stock has listed. When utilising these financial derivatives to trade with us, you’d use leverage. While this means that you only need a small deposit – called margin – to open your position, your potential profits and possible losses will also be magnified to the full value of the position. Making it vital to manage your risk properly.

Learn more about how leverage impacts your trading

You could also profit from an IPO if you buy shares outright through our share dealing platform and they rise in value, but you’d take a loss if you sell your shares for less than what you bought them for.

What are the risks of trading or investing in an IPO?

While there are risks involved in any trading or investment activity, IPOs have additional risks. These include:

  • Not being adequately informed with important company information that might affect share prices, eg ongoing legal cases and intellectual property that isn’t patent protected
  • A short to no trading history to inform trading decisions
  • Market expectations not being met due to inflated estimations
  • Companies not meeting their target market cap

It’s important that you have all the relevant information before you commit to any trade. When trading IPOs, some useful documents include company prospectuses and admission documents. Staying informed helps you avoid risks that might affect your position.

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. 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 or sell shares.

Can I trade or invest in shares before the IPO?

Yes. You can subscribe to invest in stock before the IPO, and you’ll receive your allocation on the IPO date. Or, you can speculate before the IPO by trading our exclusive grey markets – which let you take a position on a company’s estimated market capitalisation at the end of its first trading day.

What’s the difference between trading and investing?

Trading and investing are different in many ways. When trading IPOs with us you’ll use spread bets and CFDs while receiving various tax benefits.5 Financial derivatives such as spread bets and CFDs allow you to trade without owning the underlying asset.

Remember, you’ll trade using leverage, meaning that you’ll only commit a fraction of the full value of the trade to open your position. While your initial outlay is reduced significantly, both profits and losses will be magnified to the full value of the trade, making it important to manage your risk properly.

Leverage isn’t available on investments. When you invest in IPOs with us, you’ll own the underlying company shares, gaining voting rights as well as eligibility to receive dividends (if paid by the company). You can also make a profit if you sell your shares at a higher price but if the share price is lower when you sell them, you’ll incur a loss. However, you’d never lose more than your initial outlay as losses on investments are capped at the full value of your trade (excluding any additional fees).

Try these next

Learn how to buy and sell shares online

See a list of upcoming IPOs from around the world

Discover how to trade exchange traded funds

1 Based on our IPO offering that includes pre-IPO grey markets, primary market access, and trading and investing on the secondary market.
2 Only applies to IPO subscriptions placed through PrimaryBid with an IG account.
3 We do not offer grey markets on all IPOs.
4 Commission rates differ for UK and US shares. 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.
5 Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.