Submit an indication of interest during the submission window and choose how much you want to invest. You access the institutional offering price plus a fee, through Kraken. If you’re allocated, the stock lands in your Kraken account when trading begins.
Allocation is not guaranteed, is not first-come, first-served, and is decided by the IPO underwriters based on demand. High demand may result in a full, partial, or no allocation. Any funds not allocated are returned.
No. This is not a pre-IPO product. You submit interest during the IPO at the offering price; you are not buying shares before the IPO. If allocated, you receive shares when the company lists.
You access the institutional offering price plus a fee. There’s nothing hidden beyond that fee. The value of stock may go down as well as up after listing.
Any funds not allocated are returned to your Kraken account. Because allocation depends on demand and underwriter decisions, you may receive all, some, or none of your interest submission.
If you’re allocated, your stock lands in your Kraken account when the company lists and can be traded straight away. There’s no lock-up.
IPO submission through Kraken is available in most regions around the world, but is not available for clients in the United Kingdom, Canada, or Australia at this time.
An IPO (initial public offering) is when a private company first sells shares to the public and begins trading on an exchange. On Kraken, you can submit interest in shares at the offering price where eligible, before public trading begins.
An allocation lets you access the offering price during the IPO, before public trading begins; it is decided by underwriters and is not guaranteed. Buying after it lists means trading at the live market price, which may be higher or lower than the offering price.
