What are the steps for participating in the IPO via a directed allocation or directed share program?
Here are the steps for participating in the IPO:
- After you receive your invitation from the company, follow the instructions to open your brokerage account.
- Following approval and opening of your account, you will be able to submit a request to purchase IPO shares by entering an amount you would like to invest.
- If the company decides to offer you securities, you will receive an email with your security offer. You will also be notified if the company decides not to offer you any securities.
- After receiving your offer, you will need to confirm the number of securities you want to purchase and fund your account.
Each step is subject to a specific deadline so it is critical that you complete each one by the deadline in your dashboard. If you miss any of the deadlines, you will not receive any securities.