Yes, for our first IPO it’s $50 and there will be no fractional shares available.
Keep in mind the indicative (estimated) price range we’ll show in Hatch is just that, an estimate. When the IPO offer price is confirmed, we’ll round down all requests to the nearest full share and refund any extra NZD to your bank account. (note: there is a chance the final share price will be higher than $50 NZD, in which case a $50 request would result in 0 shares).
If the share price winds up at the bottom of the estimated range, your extra dollars may leave you with an extra share or two (yay)!
Learn more about IPOs
How does an IPO work?
How to speak IPO: A glossary
Are you IPO prepared?
What are the risks of investing in an IPO?
How to participate in IPOs with Hatch
How do I participate in IPOs with Hatch?
How is IPO participation different to other IPOs on Hatch?
How will the first IPO be different to future IPOs on Hatch?
What if Hatch runs out of IPO shares?
Who can’t participate in IPOs with Hatch?
Are IPO share requests available for Trust accounts?
Placing and updating share requests
Is there a maximum IPO share request?
Am I guaranteed the amount I request during an IPO?
Can I cancel or update my IPO share request?
What happens if a final IPO share price is higher than the estimated range?
Why is the indicative IPO price range different from when I placed my request?