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.
How many shares can the account receive?
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At what price does reinvestment take place?
For the Recurring Investment feature, the shares are purchased in the open market, the price cannot be determined until the total number of shares for all program participants have been purchased using combined funds. Each aggregate order will result in one or more market orders. In the event that the purchase is executed in multiple smaller trades at varying prices, participants will receive the weighted-average price of such shares (i.e., each participant receives the same price)…
Will you receive all the shares you have requested?
There is no guarantee that you will receive any shares, or that you will receive the full number of shares you have requested. In popular IPOs, demand often exceeds the number of shares available (a situation known as "oversubscription"). When this happens, the bookrunners will scale back allocations, meaning each investor may receive only a proportion of the shares they applied for — or, in some cases, none at all…
How many ISAs can I have?
There is no overall limit on the number of ISA accounts, but you can only subscribe to one type of each ISA in the same tax year. This means if you have already subscribed to a Stocks & Shares ISA with a different provider in the current tax year, you cannot also subscribe to an Interactive Brokers Stocks & Shares ISA…
What is a Conditional Offer to Buy (COB)?
A Conditional Offer to Buy (COB) is an indication of interest to purchase a specified number of shares in an IPO at the Public Offering Price, contingent upon the registration statement becoming effective with the Securities and Exchange Commission (SEC). Submitting a COB does not guarantee an allocation of shares. The COB represents an investor's intent to purchase shares if the offering proceeds and if they receive an allocation…