Ways to trade and invest
One IPO. Four ways to make moves.
Pre-IPO day one market cap
Think a company will be worth more or less than the markets expect? Trade on it’s expected market value at the end of it’s first trading day with spread betting or CFDs. Positions settle after the first day of trading.
Pre-IPO share price
Have a view on where a company’s share price is heading? Trade on it’s anticipated share prices ahead of the IPO with spread betting or CFDs.*
IPO allocation
Want to own shares when the company goes live? Apply to buy shares on selected IPOs before public trading begins in an investment account. Subject to allocation and eligibility.
Post-listing
Want to trade price movements or own shares in the company? Trade company price moves with spread betting and CFDs or buy, hold and sell shares with an investment account. Available after the company lists.
*Please note positions automatically convert to share spread bets or CFDs at listing.
What IPOs are available?
The IPOs everyone is talking about.
Anthropic IPO
One of the AI powerhouses, behind the Claude AI suite, Anthropic is currently rumoured for listing and is available to trade with IG’s Pre-IPO markets. Take a position on its expected valuation or share price with spread betting and CFDs.
OpenAI IPO
A pioneer in the AI space, OpenAI is rumoured for listing and could be one of the biggest names to hit the markets. Trade it with our Pre-IPO markets with spread betting and CFDs, on its expected valuation or share price.
SpaceX IPO
A leader in space tech, telecommunications and AI. SpaceX has officially launched, and you can either buy and hold shares with an investment account, or trade the market moves with spread betting and CFDs.
More companies to watch.
Explore the full range of rumoured IPOs available to trade right now with IG’s Pre-IPO market.
Compare your options.
Understand more about what you can trade and invest in, and when each product is available when a company goes public.
What am I trading?
You’re trading what the company’s expected market value will be at the end of the first trading day.
When is it available?
This depends on when the company is added to our Pre-IPO markets, but potentially weeks or months before listing.
What product types can you use?
You can trade Pre-IPO markets using a spread betting or CFD account on IG.
Can you go long or short?
You can choose to go long or short on the expected market value of the company.
Do you own shares?
No, with Pre-IPO trading, you own no underlying shares in the company.
What happens afterwards?
Once the first day of trading has finished, all spread bets and CFDs are settled based on the market value of the company.
Open your account
Ready to get involved?
1. Log in or open your IG account.
Either log in to your account or open a new one by answering a few questions.
2. Find an IPO market.
Search for the company you want to trade and explore the markets available to you.
3. Take your position.
Choose your market, review the details and place your trade.
Related articles
Latest IPO news
Everything you need to know before you make your move.
An initial public offering (IPO) is when a private company lists its shares on a stock exchange for the first time. With IG, you can trade on a company's anticipated market value or share price before it goes public, apply to buy shares in selected IPOs, or trade and invest once the company lists.
Yes. IG offers two ways to trade selected companies before they list:
- Day-one valuation: Trade on a company's expected market value at the close of its first trading day.
- Pre-IPO share price: Trade on a company's anticipated share price before listing.
Both are available through CFDs or spread bets, allowing you to go long or short.
No. When trading pre-IPO markets through CFDs or spread bets, you're speculating on a company's anticipated value or share price without owning the underlying shares.
- Day-one valuation: Your position settles against the company's official market capitalisation at the close of its first trading day.
- Pre-IPO share price: Your position converts into a listed-share CFD or spread bet, allowing you to continue trading.
Yes. IG may offer clients the opportunity to apply for actual shares in selected IPOs before public trading begins.
Availability depends on the company and your eligibility, and an allocation of shares isn't guaranteed.
Day-one valuation: Each market has a set expiry date. If the IPO is cancelled or hasn't taken place by expiry, open positions are closed at their opening price with no profit or loss.
Pre-IPO share price: If the IPO is postponed, positions remain open until the market's expiry date. If cancelled, all open positions are closed. Previously realised profit or loss is unaffected.
IPO share allocation: If the IPO is cancelled, no shares are allocated and any reserved funds are released.
IPO dates can change, so it's important to check the specific terms of each market.
IPO markets can be highly volatile, with prices moving sharply as new information becomes available.
CFDs and spread bets are leveraged products, meaning both profits and losses can be magnified. You could lose your invested capital when buying actual shares, and an IPO allocation is never guaranteed.
Make sure you understand the product, its risks and the relevant trading conditions before taking a position.
