Here we seek to address some frequently asked questions about IPOs, new issues and launches.
If you're unable to find what you're looking for, please don't hesitate to phone us on 0117 900 9000 or email us.
The valid application amounts for each IPO or bond launch can vary and will be detailed in the relevant Prospectus or supplementary documentation. Typically the minimum investment for an IPO or bond launch will be £1,000 or £2,000 but with no maximum.
Please note: There is normally a limited number of shares available at launch. If the offer is popular investors might not be able to buy all the shares or bonds they want at launch (this is known as being scaled back). If this occurs, any cash balance will be returned to the Vantage account in which you applied.
Initial Public Offerings (IPOs), new issues and launches are the methods by which companies raise money. They are usually the first opportunity for private investors to buy into a company. The money raised from the IPO can be used to grow the company, reduce debts or release cash to the current owners.
IPOs, new issues and launches offer private investors the first opportunity to invest in a company, bond or fund. You could be among the first to own shares in a major global brand or a rapidly growing company. You could access the latest investment opportunity from one of the UK's best fund managers. Or you could secure a significant level of yield from a company you know and trust. We aim to provide investors with access and information on the latest IPOs, new issues and launches available to retail investors.
This depends upon the company and the type of investment bought. The prospectus will normally detail any proposed dividend or income policy.
The prospectus and all supplementary documentation for IPOs and bond launches available through Hargreaves Lansdown can be found on our website. Simply locate the investment which you are interested in and follow the relevant links.
No, unfortunately not all IPOs and bond launches are available to private investors.
Register your interest and we will notify you of any IPOs and bond launches available to private investors through the Hargreaves Lansdown online service.
Applications for an IPO or bond launch are typically open for around two weeks, but may close early without prior notice. More details on when applications close can be found in the prospectus released by the company.
Any decision to invest in an IPO or bond launch should be made solely on the basis of the information contained in the prospectus, and any supplementary information. The specific risks will be detailed in the prospectus but the value of all investments can fall as well as rise, so you may get back less than you invested. Dividends are not guaranteed and, if paid, are variable.
A company which is the subject of an IPO may not have a long track record and could be difficult to value or calculate a fair price. In many IPOs you will not know the share price before you commit to buy and therefore might end up buying at a higher price than you wished.
If you have any doubts about the suitability of an IPO for your circumstances you should seek expert advice.
During the period between the Intention to Float being announced and the start of the Offer Period, the intention may be withdrawn. Any publication of an IPO on our website is not an endorsement of the issue, nor is it solicitation for interest in the issue.
Hargreaves Lansdown do not charge clients for investing in an IPO or bond launch available through our online IPO service, otherwise our standard dealing charges will apply when investors sell their holdings. Other charges may apply to hold the shares or bonds inside the Vantage service.