IBKR generally does not offer clients the ability to trade on the Grey Market. A Grey Market could be described as dealers gauging interest for new share allotments before an IPO, or the stock has been suspended and is trading off-market. IBKR generally does not offer clients the ability to participate in an IPO (Initial Public Offering). In the event an IPO is open for clients, Client Portal's Trading > IPO Subscription menu will provide a list of currently active IPOs.
Can I trade Grey market stocks in my account?
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What is an Initial Public Offering (IPO)?
An Initial Public Offering (IPO), commonly known as an IPO, is the process by which a privately owned company offers its shares to the public for the first time. Before an IPO, a company's shares are typically held by its founders, early investors, and employees. After an IPO, members of the public, including retail investors, can buy and sell the company's shares on a stock exchange…
Why can't I see an upcoming IPO on the list of IPOs?
If there is a particular IPO that you would like to participate in that is not visible to you by clicking on the Trade menu followed by IPO Subscription in Client Portal, its listing details may not be publicly available yet. If the IPO details are publicly available but you cannot see the IPO in Client Portal, IBHK may not be supporting applications for the IPO, or you may not be eligible to participate…
Where can I find IPOs for which Interactive Brokers is accepting applications?
To see a list of all active IPOs that IBHK is supporting the participation in for its clients, please log into Client Portal. Click the Trade menu followed by IPO Subscription and you will be directed to the IPO subscription page. If you do not have an existing IBHK account, please click "Open Account" from on the menu above to start your application process. Please be sure to start your application well in advance of any IPO you wish to participate in so that you have sufficient time to complete the account opening process and fund your account…
How long will Conditional Offers to Buy be accepted?
Select Initial Public Offerings (IPOs) are generally made available for submission of Conditional Offers to Buy (COBs) several days prior to the pricing date. COBs may be submitted until 8:00am ET (Eastern Time) on the pricing date. The pricing date is generally one (1) business day before the IPO’s first trade day (listing date)…