The estimated price range, or indicative price, is given to potential investors to give them an idea of the final price they’ll pay for shares in an IPO. It’s set by both the company and the underwriter (more on how the IPO process works).
It’s not guaranteed that the final price will be in this range, it is only meant to be a guide.
The indicative price range can change if the underwriters (large banks that help companies IPO) determine that the value of each share should be increased or decreased. They go through an extensive process to do this - filing a document called a Form S-1.
If they update their indicative price before you can place a request for shares, we’ll only let you know if you’ve added an upcoming IPO to your watchlist.
If you placed an IPO share request, we'll let you know if there has been a change to the price range. We'll also update the info in Hatch with the latest information.
Note: when the final share price is set, it may fall outside the indicative price range. If it’s more than 20% outside the range, your request will be cancelled and you’ll get a short opportunity to place another one.