Initial Public Offerings (IPOs) | Hatch

About IPOs

What is an IPO?

An IPO is the process where a company creates new shares which are then listed on the share markets to raise money

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What is the process companies go through to IPO (AKA go public)?

The process of going public involves a fair amount of complexity for businesses (but not for investors!)

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How to speak IPO: A glossary

Going public can be a technical process for companies, but it’s simple for investors - and technical language doesn’t have to put you off

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What are the risks of investing in an IPO?

As with any investing, buying shares in an IPO comes with risks (and benefits).

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What is a Special Purpose Acquisition Company (SPAC)?

SPACs were Wall Street's hottest trend in 2020 delivering newly listed companies into investor's pockets.

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How to participate in IPOs with Hatch

How do I participate in IPOs with Hatch?

Once you’ve deposited money into Hatch, you can participate in IPOs

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How will the first IPO be different to future IPOs on Hatch?

DriveWealth couldn’t be part of this IPO, so we’re doing it ourselves (Kiwi Wealth & PCN), with a little help from our new friend ClickIPO.

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Who can’t participate in IPOs with Hatch?

Some people who work in the finance industry can’t participate in IPOs with Hatch

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What if Hatch runs out of IPO shares?

It’s a real possibility - IPOs can play out in one of three ways

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Are IPO share requests available for Trust accounts?

Yes! Trust accounts are welcome on Hatch.

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When will I know if my IPO share request was successful?

Once share requests close, we’ll email to let you know the final IPO share price and how many shares you received.

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Can I change or cancel my IPO share request?

Yes! You’ll be able to cancel your share request until the IPO closes.

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Why are there two transactions for my Allbirds IPO shares in my transaction history?

This is different than your usual experience in Hatch

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Is there a minimum IPO share request?

Yes, for our first IPO it’s $50 and there will be no fractional shares available.

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Is there a maximum IPO share request?

There is no maximum but you may not receive all the shares you request.

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Why is the indicative IPO price range different from when I placed my request?

The IPO share price is set by both the company and underwriter - it may be changed before the company goes public.

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Am I guaranteed the amount I request during an IPO?

In short, no. We can’t guarantee you’ll get the full amount you requested, or any shares at all.

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What happens if a final IPO share price is higher than the estimated range?

Your request may be automatically completed or you may need to reconfirm it

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What happens after an IPO completes?

Why is the final IPO price different from the opening price when shares are listed?

A company and its underwriters decide the IPO share price.

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