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

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

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

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

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

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

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.

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

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

Yes! Trust accounts are welcome on Hatch.

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

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

This is different than your usual experience in Hatch

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

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

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

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

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

A company and its underwriters decide the IPO share price.