Yes. An IPO is not guaranteed to complete, and the terms of the offer — including the price — may change before any shares are allocated to you and admitted to trading. Equally, the IPO may continue to take place in one country but not in another, or in one market but not in another, and this is outside our control. If this happens, you will not be able to claim compensation for any missed investment opportunities or for the period during which your funds were held pending the outcome of the offer.
IPO cancellation
An IPO may be withdrawn or postponed at any stage before admission to trading. This can happen for a number of reasons — for example, if market conditions deteriorate, if demand from investors is lower than expected, or if a material event occurs that affects the company or the offering. If an IPO is cancelled, no shares will be issued and any funds that have been reserved or committed in connection with your indication of interest will be released back to your account. You will not incur any cost for shares that are not issued, although your funds may have been unavailable to you for a period during the offer process.