No. There are regulatory restrictions on providing leverage for US IPOs and all IPO shares must be fully paid for. Initial and outstanding Conditional Offers to Buy (COBs) will be credit-checked continuously and your COB quantity will be reduced or canceled if the account can no longer support the requested amount. You can review the status of your offer in the Client Portal.
To review the status of US IPO offer:
- Log into Client Portal
- Navigate to Trade
- Select IPO Subscription
- Then enter IPO of the specific issuer.