What is an ASX IPO?
When a company IPOs (undertakes an Initial Public Offering), it starts selling its shares to the public, on an exchange, in order to raise capital. Prior to these shares becoming tradable on the ASX, the company sells the IPO shares at a fixed price to investors, such as financial institutions or individuals. Stake partners with lead managers and brokers to give you easy access to buy these shares in certain companies before they first open for trading on the ASX.
How do I bid on an IPO?
To view IPOs currently open for bidding on Stake:
- Open your Stake app (bidding is not yet available on Stake’s web platform)
- Make sure you have ‘AUS’ selected in the top right of your screen
- Select ‘Markets’ from the bottom menu
- Scroll down to the ‘Capital Raises’ section and select the ‘IPOs’ tab
- Tap ‘Capital Raises hub’ to view all available IPOs on Stake
To bid on a specific IPO:
- If there’s an IPO you’re interested in, tap to view more details, including the Prospectus
- To place a bid, hit the green ‘Bid’ button at the bottom of the screen
- Enter the amount of shares you wish to buy, noting the minimum bid amount and your buying power available on Stake AUS, then continue to confirm your bid
