Interactive Brokers (IBKR) provides eligible customers with the opportunity to participate in select Initial Public Offerings (IPOs) that are scheduled to list on US exchanges.

To be eligible to participate in US IPOs, the account:…

To be eligible to participate in US IPOs, the account:

• Must be held at Interactive Brokers LLC
• Must list the United States as the Country of Legal Residence…

No, only select IPOs that are scheduled to be listed on a U.S. exchange are made available at Interactive Brokers…

Interactive Brokers (IBKR) provides eligible customers with the opportunity to participate in select Initial Public Offerings (IPOs) that are scheduled to list on US exchanges…

The preliminary and final prospectus for each listing will be available in the IPO Subscription page in the Client Portal.  You can also access them on the SEC's EDGAR website, which will include other company filings…

Interactive Brokers will send a message to eligible accounts when a US IPO is available to review and receive submissions of Conditional Offers to Buy (COB)…

Yes. Shares received through an US IPO allocation are eligible to be utilized in the Stock Yield Enhancement Program once the IPO shares are settled (IPO first trade date + 2 business days). …

If the offer is completed, shares will be placed into accounts which receive an allocation on the morning of the listing date.  The exact time will vary.

In rare cases, shares may not be allocated prior to the listing exchange’s opening auction.  This can occur when allocations to Interactive Brokers (IBKR) have not been confirmed in time or in cases of a technical issue.  Unless there is a significant disruption, shares will be allocated on the IPO’s first trading day even if it is after the listing exchange’s opening auction for the stock…

Conditional Offer to Buy (COBs) will be credit-checked when entered.  The credit check process continues while the IPO is open for COB submissions, until it is allocated on the first trading day.  As the ability for an account to support the shares can change over time, it may be required for the COB to be reduced to a number in line with changes in Excess Liquidity.  A COB will never be increased to a quantity higher than originally submitted, but it will be reduced to a quantity reflecting the maximum amount the account can support…

No. Interactive Brokers (IBKR) does not provide trading or investing advice. All trading and investment decisions are self-directed by clients. IBKR does not endorse or recommend taking any particular course of action. Investors should review the prospectus before investing. IPO investments carry substantial risks including price volatility, limited operating history, lack of liquidity, potential for significant losses, and uncertainty regarding future performance. …

Once the shares are allocated into the account and the symbol has begun trading on the public exchanges, the shares can be sold.  There are no restrictions on selling the shares received via an US IPO…

The number of shares received by each account is dependent on the total number of shares allocated to Interactive Brokers. This number is variable.  US IPO allocations are affected by supply and demand, valuation, and general market dynamics. In the event that the offering is completed, you may receive an allocation of your full requested quantity of shares, part of your requested quantity of shares, or of no shares. …

Interactive Brokers (IBKR) sends email updates for the IPO to the account’s email address on file. Updated information is also available on the IPO Subscription page.  Please ensure IBKR has your correct email address…

If the US IPO is cancelled or withdrawn by the issuer or underwriters, all outstanding Conditional Offers to Buy (COBs) will be canceled. Interactive Brokers will release the Excess Liquidity requirement associated with your COB, and you will be able to use those funds for other purposes…

Conditional Offers to Buy (COB) can be submitted in the Client Portal.

Instructions:…