Access the latest IPOs and new issues with RBC Direct Investing
Get in from the ground floor on new opportunities — with RBC Direct Investing, all clients can be there from the very start.
What is an IPO?
An IPO, or Initial Public Offering, is the first time a company’s stock becomes available to trade on a stock exchange.
Frequently asked questions
- It starts with having an RBC Direct Investing account. The offering prospectus will be made available to interested clients who can learn more about upcoming IPOs.
- You can express interest in participating in the IPO when the offering period starts.
- Clients who are allocated shares will be informed after the allocation is finalized and those shares will show in their account.
- There is no guarantee that everyone who expresses an interest will receive an allocation. The number of shares RBC Direct Investing gets will be determined by the company and their advisors.
- RBC Direct Investing allocates shares in its sole discretion and there is no guarantee that expressing interest means you will receive an allocation. You may receive fewer shares than requested or none at all.
There are no trading commissions for participation in an IPO offering at RBC Direct Investing. Foreign exchange fees may apply.
Read our in-depth guide: Understanding IPOs
No, we do not generally enforce a minimum or maximum quantity of shares on expressions of interest unless the issuer requires it.
Generally yes, but some IPOs come with specific conditions, so we recommend reviewing the specific offering terms if you have any questions.
IPOs can result in price volatility and involve significant risk. Review the prospectus and other offering materials before determining if the investment is right for you.
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