FAQ
Find quick answers to the most common questions. Our FAQ section covers key processes, account details, and platform features to help you navigate with confidence.
How to participate in an IPO
When a company needs additional financing to grow its business, it can issue stocks and list them on the stock exchange. An initial public offering is available to a wide range of investors. After the IPO, the company's stocks begin to trade on the stock market.
Not all companies can go public with an IPO. IPOs are used when a new project needs to be launched, when a company needs to be privatised, or when funds are needed for operations.
Large investment banks - the underwriters - undertake to bring the issuing company onto the stock market. They oversee the issuance of stocks and buy them in full. They then sell these stocks (partially or fully) to other investment banks or hedge funds and only then make them available to investors.
Mind-Money provides its clients with access to IPOs. If you want to buy stocks at IPO prices, you should choose the company in whose IPO you want to participate and apply for participation. We have prepared detailed step-by-step instructions for your convenience.
Not all companies can go public with an IPO. IPOs are used when a new project needs to be launched, when a company needs to be privatised, or when funds are needed for operations.
Large investment banks - the underwriters - undertake to bring the issuing company onto the stock market. They oversee the issuance of stocks and buy them in full. They then sell these stocks (partially or fully) to other investment banks or hedge funds and only then make them available to investors.
Mind-Money provides its clients with access to IPOs. If you want to buy stocks at IPO prices, you should choose the company in whose IPO you want to participate and apply for participation. We have prepared detailed step-by-step instructions for your convenience.
Detailed instructions for participating in OpenAI Pre-IPO
1. Open an account at Mind-Money.eu.
You will need an identity document and proof of address (utility bill). The verification process is very quick; it takes 10-15 minutes to create an account.
2. Fund your account.
To participate in the IPO you must have available funds in your account in the amount for which you are applying for the IPO, but not less than $2,000. We recommend $10,000.
It is advisable to fund your account in advance. Often the exact date of the IPO will be known a couple of days before the start of trading. There may not be much time before the deadline for orders and funding also takes time to process. In addition, sometimes a prime broker may notify us of an IPO just hours before the deadline.
It is advisable to fund your account in advance. Often the exact date of the IPO will be known a couple of days before the start of trading. There may not be much time before the deadline for orders and funding also takes time to process. In addition, sometimes a prime broker may notify us of an IPO just hours before the deadline.
3. Submit an application to participate in the IPO.
When the orders are open, go to the Trading Orders section of the Member Area. There, select "Participate in IPO", then select the ticker of the desired company from the drop-down list. Then specify the amount you want to invest in the IPO and submit the application.
You can participate in the IPO not only for cash but also against a margin of liquid securities from your portfolio. You can see the total amount including all assets available for the IPO at the application stage.
On the day of the IPO (1 day before the start of trading), this amount will be blocked. But you will see it in your portfolio in a non-trading account.
You can participate in the IPO not only for cash but also against a margin of liquid securities from your portfolio. You can see the total amount including all assets available for the IPO at the application stage.
On the day of the IPO (1 day before the start of trading), this amount will be blocked. But you will see it in your portfolio in a non-trading account.
4. Wait for the allocation (distribution) of IPO stocks.
On the day of public trading, shortly before the US market opens, the IPO stocks purchased will appear in your account. Due to high investor demand for the IPO, you may receive less stocks than the amount specified in the application. The remaining funds will be automatically returned to your account immediately.
Mind-Money.eu distributes IPO stocks to customers in proportion to the amount of the application.
Mind-Money.eu distributes IPO stocks to customers in proportion to the amount of the application.
5. Watch for the start of public trading.
When public trading begins, the stock exchange will begin its lock-up period, a 93-day no-selling period. You cannot sell your IPO stocks, but you can monitor their current value in your member's personal account and trading terminal.
A lock-up period of 93 days is set by the parent broker in order to avoid a steep drop in prices if shareholders want to lock in profits in the first days of trading and start selling their stocks en masse. Brokers setting a lock-up period usually receive more IPOs from underwriters than brokers without a lock-up period.
A lock-up period of 93 days is set by the parent broker in order to avoid a steep drop in prices if shareholders want to lock in profits in the first days of trading and start selling their stocks en masse. Brokers setting a lock-up period usually receive more IPOs from underwriters than brokers without a lock-up period.
6. Close the transaction.
At the end of the 93-day lock-up period, you can dispose of your stocks as you see fit - keep them in your portfolio or sell them outright. You can do this in your account by pressing the "Sell" button next to the name of the stock. In this case, a fee of 0.65% of the sale transaction amount will be charged.