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Can I invest in an Initial Public Offering (IPO)?

Initial Public Offering (‘IPO’) is the term given to the process of listing company stock for sale to the public for the very first time. 

Prior to an IPO, a company is considered to be a private company with a smaller number of shareholders consisting mainly of early investors such as the company founders, family and friends. Public companies, on the other hand, have sold a portion of their shares to the public and these shares are traded on a stock exchange.  

Netwealth can only submit applications where there is a Retail Offer in the IPO Prospectus.

 

How can I invest?

You/your client can invest by sending an email to corporateactions@netwealth.com.au detailing the account number, Asset Code, Asset name, dollar value and a copy of the Prospectus. If Netwealth can facilitate a form will be provided to sign off before processing. 

 

What fees are involved?

If you/your client wish to participate in an IPO for an entity that is to be listed on the ASX and invest using Wealth Accelerator, we may also charge $20 for each IPO in which you/your client decide to invest.

If you/your client wish to participate in an IPO for an entity that is to be listed on an overseas exchange and which we have approved, we may charge $50 for each IPO in which you/your client decide to invest. The IPO fee is deducted from the cash account at the time the application for the IPO is made and paid to Netwealth.

We do not charge clients any brokerage in connection with subscriptions for shares in IPOs
(other than the initial public offering fee described in the ‘Additional service fees and special
request fees’ table on pages 42 – 44). We may, however, receive a fee from the issuer of the IPO
for handling the application as disclosed in the relevant prospectus and/or offer communication
for the IPO. This fee is paid by the issuer of the IPO and is not an additional charge to you/your client. This fee is retained by us.

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