How long will Conditional Offers to Buy be accepted?

Conditional Offer to Buy (COBs) will be credit-checked when entered.  The credit check process continues while the IPO is open for COB submissions, until it is allocated on the first trading day.  As the ability for an account to support the shares can change over time, it may be required for the COB to be reduced to a number in line with changes in Excess Liquidity.  A COB will never be increased to a quantity higher than originally submitted, but it will be reduced to a quantity reflecting the maximum amount the account can support…

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…

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:…

Cancelling or modifying a Conditional Offer to Buy (COB) after the US IPO is closed to COB submission in the Client Portal but before the offering has become effective requires additional steps:

1. Please submit a support ticket in the Client Portal.  The instructions can be seen here:…