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How does IPO Access work?

IPO Access lets you buy shares at the IPO price as the stock becomes available to the general public. With our random allocation process, each customer’s eligible request has the same likelihood of receiving all, some, or none of the IPO shares they request. The number of shares you request doesn't change your chances of receiving an allocation.

Who gets access to IPO shares?

Instead, it’s the big institutional investors who typically get access. Institutions that get to participate in the initial public offering often do a lot of business with the brokers underwriting the deal. That relationship puts them in prime position to access some shares in the IPO.

How do I get access to an IPO before trading?

Getting access to an IPO before it begins trading isn’t easy. Here’s what you’ll need to do if you hope to have a chance. Have an online account with a broker that offers IPO access. Brokers like Robinhood and SoFi offer IPO trading, so you’ll need an account with them or another broker that offers similar access. Meet eligibility requirements.

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