If an IPO is available for access in your country and you meet the eligibility criteria, you can request participation directly from your Trading 212 app. Below is a step-by-step guide and answers to the most common questions.
📝 Note
Newly listed stocks may experience significant price volatility, and investors could lose part or all of their invested capital. Allocation isn't guaranteed. Newly listed stocks may experience significant price volatility, and investors could lose part or all of their invested capital. Terms apply.
Steps to request shares
- Find the upcoming IPO in the app - either from the Upcoming IPOs list, the search bar, or the notification you receive when a new request window opens.
- Open the instrument page and tap Request shares.
- Read the offer documents provided by the issuer and its underwriters (a prospectus and/or offer summary). You will be asked to confirm you have read and understood them before you can proceed.
- Enter the amount you want to participate with, in your account currency or the instrument currency.
- Review the request summary and tap Confirm.
📝 Note
Share requests are in monetary value only - you can't submit a request by number of shares. The final number of shares you receive depends on the offer price and the allocation decided by the issuer.
How much can I request?
Some IPOs have a minimum and/or maximum request amount. When they apply, they'll be shown on the request shares screen before you confirm.
When is my cash reserved?
As soon as you confirm your request, we reserve the full amount in your account. That cash cannot be used for other trades, withdrawn, or moved out of the account until the offer closes and allocations are settled.
Can I change or cancel my request?
You can't modify an existing request. If you want to change the amount, cancel your existing request and place a new one — you can do this any time before the request window closes in the app. Once the request window closes, requests can no longer be cancelled, except in limited cases we’ll tell you about.
When do I receive my shares?
On the morning the stock lists on the exchange:
- Your allocated shares are credited to your account at the offer price.
- Any unallocated portion of your reserved cash is released back to your free funds.
When can I start trading?
You can trade your allocated shares once the stock is live on the exchange and trading is available in the app, usually from the first day of trading. Trading works the same way as for any other stock in your account.
What if I don't receive any allocation?
If your request is not allocated (in whole or in part), the corresponding reserved cash is released back to your free funds on the allocation morning. You'll see the details in your Order history.