Share Offer IPOs

What are Share Offer IPOs?

The Initial Public Offering (IPO) of shares is when the stock of a company is sold to the public on a recognised exchange such as the London Stock Exchange (LSE) for the very first time. By undergoing this process a private company will become a public company. A private company will normally go public to raise funds for further expansion or to allow Pre-IPO investors the opportunity to monetise their investment.

Once available on exchange the company’s shares are freely traded and the value of each share can rise and fall in relation to the prevailing market forces.

There are many advantages to a company going public but the cost in doing so is relatively high and there are many further responsibilities enforced on the company by the exchange and the regulator primarily to protect investors.   In order to go public the company will normally seek the assistance of an investment bank to underwrite the offer and the lengthy document known as the Prospectus will be produced providing investors with every detail the company’s performance, reasons for IPO and the offer itself. The investment bank will appoint ‘distributors’ such as Interactive Investor and gauge public demand for the offer  which in turn will allow them to set a suitable price range and programme of events leading up to the listing on exchange.

Why invest in Share Offer IPOs?

You’re getting in at the ground floor and in the longer term IPOs have tended to stay above their issue price. However, getting in at this early stage is generally down to your attitude to risk. They can be a volatile animal and furthermore the abundance of IPOs comes and goes in cycles. A strong equity market will generally lend itself to a surge in new IPOs due to perceived demand.  It is always worthwhile gaining an understanding of what sectors are currently in favour and do your own analysis or seek independent professional advice before investing in IPOs

Many new issues attract sizeable interest from private investors who may be looking to take advantage of demand on the primary market, before the security is bought on the secondary market, with the hope that the value of the investment will rise. However, investors must be aware that investing in new issues is not without risk and the value of your investment may fall significantly after the security is quoted on the open market.

Why invest in Share Offer IPOs with Interactive Investor?

Simple. We will not charge a commission for you to invest in any equity IPO as we receive a fee by being a distributor for the issue. Furthermore, at Interactive Investor we have a constant ear to the ground for any new issues that are coming to the market so if you have an account with us we will keep you posted on any announcements of any companies going public.

Many smaller cap IPOs will allow investors tax relief under the Enterprise Investment Scheme. For further information on EIS relief please click through the following link

How do share IPOs (Initial Public Offerings) work?

Depending on the size of the offer, the risks associated with investing in IPOs can widely differ.

Some IPOs are very large and aim to list on the FTSE 100 or 250 Index. They will issue a full prospectus and are open to all retail clients.

There are also much smaller IPOs which list on the AIM (Alternative Investment Market) and carry a much higher risk. These smaller IPOs may not issue a full Prospectus and will only be open to highly experienced investors.

How do share offer IPOs work?

IPOs will all follow a similar process, as set out below using the example of a large cap IPO:

  1. Intention to float - A private company informs the stock market that they wish to float the company through an IPO. They communicate this by way of an ‘Intention to Float’ document. It is at this point that Interactive Investor clients can register their interest and be kept informed about the upcoming launch schedule, as and when it is announced.
  2. Prospectus - The company will then prepare and release a Prospectus. This document will describe the launch and the offer in detail. Clients are advised to read and digest the Prospectus and any supplementary documentation the company may produce.
  3. Sale of shares - Applications for the shares begin. Our dealers start taking client orders for the IPO as, at this point, the offer is open for a fixed time, referred to as the Offer Period.
  4. Offer Period closes – When the offer period ends, our books will close to any further orders. Clients will be informed about their allocations. Please be aware that you may not receive your full allocation as quite often new issues are oversubscribed and the offer scaled back. For further information please read our allocation policy
  5. Shares admitted to the stock market - The shares can be bought or sold during normal market hours on the stock market. Once shares are placed on the stock market (or secondary market) the price of the shares are freely traded and the price can rise as well as fall.

Risk warning - investors must be aware that investing in new issues is not without risk and the value of your investment may fall significantly after the security is quoted on the open market.

Process for investing in Share Offer IPOs

How to apply - existing customers

If you already have an investment account, you can apply for the offer by following the steps below:

1.    Login to your account
2.    Select Account Admin
3.    In the Miscellaneous section, click on 'IPO'
4.    Confirm which IPO you wish to invest in
5.    Choose which account you wish to buy shares in - your trading, ISA or SIPP account
6.    Choose how much you want to invest (minimum £1,000)
7.    Press Submit

If the offer is oversubscribed, each investor's allocation may be scaled back.

Before investing in new issues please read our allocation policy

How to apply - new customers

If you don't have an investment account with us, you will need to open one to take part in an IPO (even if you have registered with iii.co.uk).

Opening an account is easy and typically takes less than 10 minutes. You can see a summary of our account benefits and charges below.

  • £2 trades, UK and global markets until 2014
  • Add an ISA to your account for free
  • 100% rebate of all income and commission we receive on your funds
  • From January 2014, pay £20 per quarter and get £20 quarterly commission credit. Subsequent trades just £10, £5 with our frequent trader rate
  • Multiple order types including stop losses and limit orders

If you would like any help, please call us on 0845 200 36370845 200 3637  - our opening hours are 7.45am and 9.00pm, Monday to Friday.

Share allocations

When you apply to take part in an IPO you will nominate how much you want to invest.

If the offer is oversubscribed, each investor's allocation may be scaled back.

Before investing in new issues please read our allocation policy

As soon as the shares have been fully allocated, you will be sent confirmation of how many shares you have been able to buy.

Please note that the Company reserves the right to change the timetable and to close the Intermediaries Offer early.

Current Issues

Offer Type Name of issue Closing/Expiry datesort icon Offer price Further information
Offer of New Ordinary Shares M7 MULTI-LET REIT IPO Monday, November 6, 2017 - 4pm
Offer of New Ordinary Shares AEW UK REIT plc Share Offer IPO Thursday, October 19, 2017 - 12pm

Closed Issues

Offer Type Name of issue Closing datesort icon Price
Offer of New Ordinary Shares BB Healthcare Trust Plc IPO Wednesday, September 20, 2017 - 12pm
 
Offer of New Ordinary Shares Warehouse REIT plc Share Offer IPO Thursday, September 14, 2017 - 4pm
 
Equity IPO AEW UK Long Lease REIT PLC Wednesday, May 31, 2017 - 12pm
BidOfferChangeTrade
102.00p103.00p-0.31Buy
Launch priceChangeChart
100p2.00%View Chart
 
Equity IPO Global Ports Holding PLC IPO Thursday, May 11, 2017 - 3pm
BidOfferChangeTrade
585.00p594.00p-7.00Buy
Launch priceChangeChart
740p-20.95%View Chart
 
Equity IPO TRITAX BIG BOX REIT PLC IPO Wednesday, May 10, 2017 - 9am
BidOfferChangeTrade
146.80p146.90p-0.50Buy
Launch priceChangeChart
136p7.94%View Chart
 
Equity IPO Jupiter Emerging & Frontier Income Trust plc Tuesday, May 9, 2017 - 12pm
BidOfferChangeTrade
110.50p112.75p-1.10Buy
Launch priceChangeChart
100p10.50%View Chart
 
Equity IPO Henderson International Income Trust PLC IPO Thursday, May 4, 2017 - 1pm
BidOfferChangeTrade
101.50p102.00p+0.00Buy
Launch priceChangeChart
100p1.50%View Chart
 
Equity IPO Downing Strategic Micro-Capo Investment Trust PLC Thursday, May 4, 2017 - 10am
BidOfferChangeTrade
98.500p99.750p-0.33Buy
Launch priceChangeChart
100p-1.50%View Chart
 
Equity IPO Guinness Oil & Gas Exploration Trust plc (cancelled) Friday, March 3, 2017 - 11am
 
Equity IPO LXi REIT Tuesday, February 21, 2017 - 12pm
BidOfferChangeTrade
103.50p103.75p+0.50Buy
Launch priceChangeChart
100p3.50%View Chart
 
Equity IPO ARIX Bioscience PLC Thursday, February 16, 2017 - 9am
BidOfferChangeTrade
200.00p205.00p-2.00Buy
Launch priceChangeChart
207p-3.38%View Chart
 
Equity IPO RM Secured Direct Lending PLC Friday, December 9, 2016 - 8am
BidOfferChangeTrade
101.00p103.50p+0.00Buy
Launch priceChangeChart
100p1.00%View Chart
 
Equity IPO BB Healthcare Trust Monday, November 28, 2016 - 1pm
BidOfferChangeTrade
116.25p117.50p+0.12Buy
Launch priceChangeChart
100p16.25%View Chart
 
Equity IPO 3i Infastructure plc Tuesday, June 7, 2016 - 11am
BidOfferChangeTrade
00+0.00
Launch priceChangeChart
165-100.00%View Chart
 
Equity IPO Countryside Share Offer Wednesday, February 10, 2016 - 11am
BidOfferChangeTrade
361.20p361.50p+0.90Buy
Launch priceChangeChart
233p55.02%View Chart
 
Equity IPO CMC Markets Share Offer Wednesday, February 3, 2016 - 11am
BidOfferChangeTrade
163.00p164.00p+3.25Buy
Launch priceChangeChart
240p-32.08%View Chart
 
Equity IPO Equiniti IPO Sunday, October 25, 2015 - 11pm
BidOfferChangeTrade
310.80p311.50p-3.60Buy
Launch priceChangeChart
165pp88.36%View Chart
 
Equity IPO GLI Alternative Finance Thursday, September 17, 2015 - 12pm
BidOfferChangeTrade
104.00p106.00p+0.00Buy
Launch priceChangeChart
100p4.00%View Chart
 
Equity IPO Orchard Funding Group PLC Thursday, June 18, 2015 - 10am
BidOfferChangeTrade
100.00p105.00p+1.63Buy
Launch priceChangeChart
96p4.17%View Chart
 
Equity IPO Revolution Bars Group Share Offer Wednesday, March 11, 2015 - 12pm
BidOfferChangeTrade
176.25p179.50p+9.75Buy
Launch priceChangeChart
200p-11.88%View Chart
 
Equity IPO DFS Furniture Share Offer Wednesday, March 4, 2015 - 12pm
BidOfferChangeTrade
216.00p216.50p+3.75Buy
Launch priceChangeChart
255p-15.29%View Chart
 
Equity IPO John Laing Share Offer Tuesday, February 10, 2015 - 5pm
BidOfferChangeTrade
288.00p288.20p-2.50Buy
Launch priceChangeChart
195p47.69%View Chart
 
Equity IPO HSS Hire Share Offer Monday, February 2, 2015 - 5pm
BidOfferChangeTrade
37.750p38.000p-0.50Buy
Launch priceChangeChart
210p-82.02%View Chart
 
Equity IPO P2P Global Investments PLC Tuesday, May 27, 2014 - 5pm
BidOfferChangeTrade
780.00p781.50p-2.50Buy
Launch priceChangeChart
1000p-22.00%View Chart
 
Equity IPO Saga Tuesday, May 20, 2014 - 11pm
BidOfferChangeTrade
192.40p192.60p+0.90Buy
Launch priceChangeChart
185p4.00%View Chart
 
Equity IPO Horizon Discovery AIM IPO Thursday, March 20, 2014 - 10am
BidOfferChangeTrade
257.25p260.00p-10.00Buy
Launch priceChangeChart
180p42.92%View Chart
 
Equity IPO Pets at Home IPO share offer Tuesday, March 11, 2014 - 2pm
BidOfferChangeTrade
187.60p187.80p-0.60Buy
Launch priceChangeChart
245p-23.43%View Chart
 
Equity IPO Martin & Co AIM (The Property Franchise Group since 21/03/2017) Tuesday, December 10, 2013 - 2pm
BidOfferChangeTrade
128.00p133.00p+0.00Buy
Launch priceChangeChart
120p6.67%View Chart
 
Equity IPO Eclectic Bars Group AIM (The Brighton Pier Group since 27/04/2016) Monday, November 18, 2013 - 4pm
BidOfferChangeTrade
108.00p110.00p+1.00Buy
Launch priceChangeChart
164p-34.15%View Chart
 
Equity IPO Infinis Energy (de-listed 18/12/2015) Wednesday, November 13, 2013 - 5pm
 

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Please be aware of the risks involved. The value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. Past performance is no guarantee of future performance. Tax treatment depends on your individual circumstances and may be subject to change. If in any doubt, please seek advice.

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