IBKR's Role in an IPO
In the context of an IPO, IBKR generally acts as a financial intermediary, meaning it provides the platform through which eligible investors can register their interest, submit subscription orders and, if shares are allocated to them, receive those shares into their IBKR account(s).
What IBKR Does Not Do
IBKR does not act as an underwriter, bookrunner, or adviser to the company carrying out the IPO. Its role is limited to facilitating its clients’ participation in the offering — for example, by receiving and transmitting a client’s application, reserving the relevant funds in their account, and settling any allocation of shares on the client’s behalf.
Investment Advice Disclaimer
IBKR does not provide investment advice or personal recommendations in connection with any IPO, and the decision to participate is yours alone. You should read the prospectus and any other offer documentation carefully before deciding whether to invest in IPO shares.