What happens if the IPO is cancelled?

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)…

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…

Yes. Conditional Offers to Buy (COB) can be modified or canceled until the Notice of Acceptance is sent.  To cancel a COB while the US IPO is open for COB submission can be done through Client Portal.

To canceled or modified a COB follow these steps:…

Placing a Conditional Offer to Buy (COB) an US IPO will not impact your trading.

The account must have enough Excess Liquidity to cover the COB amount when the COB is submitted. However, this Excess Liquidity requirement will not restrict your ability to trade other securities or withdraw funds from your account. …