No. You can place a dollar-based IPO share request for as much as you like. Keep in mind that if we sell more shares than we’re allocated, you may receive some (or none) or the shares you request. During the first IPO on Hatch, you’ll pay separately for your shares, and we’ll refund any extra NZD to your bank account.
Note: For our first IPO, there will be a minimum share request of $50 NZD.
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 minimum IPO share request?
Am I guaranteed the amount I request during an IPO?
Can I cancel or update my IPO share request?
When will I know if my IPO share request was successful?
What happens if a final IPO share price is higher than the estimated range?