IBKR defines flipping as selling shares which were allocated as part of an IPO within 30 calendar days of allocation. An investor who flips IPO shares may be limited in their ability to participate in future IPOs for 60 calendar days following the sale.
What is IBKR's IPO flipping policy?
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Why does my statement not reflect my loss?
Your statement is likely not reflecting your loss due to a “wash sale” A sale of stock or securities is considered a "wash sale" if a trader sells shares or securities at a loss and purchases the same or equivalent shares or securities within the 61-day wash sale period, which includes the 30 calendar days before the sale, the day of the sale, and 30 calendar days following the sale. When the loss on the sale is deferred, the amount of the loss is added to the cost basis of shares purchased during the wash sale period ("replacement shares"). Upon the sale of the replacement shares, the disallowed loss is incorporated into the calculations of the gain or loss on the replacement shares and recognized. Additionally, the holding period of the original shares is added to the holding period of the newly acquired shares or securities…
What is IBKR’s role in an Initial Public Offering (IPO)?
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)…
Can I trade Grey market stocks in my account?
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. …
Is there any restriction on lending stocks which are trading in the secondary market following an IPO?
No, there is no restriction on lending stocks which are trading in the secondary market following an IPO through the Stock Yield Enhancement Program as long as IBKR is not part of the selling group…