IPOs and new issues
Your chance to own it from the start
Apply for shares, funds, bonds and gilts being offered to investors for the first time.
Please remember, investing in IPOs carries a high degree of risk. If you are unsure of the suitability of an investment please seek Financial Advice. You are not guaranteed to make a profit, the value of your investments can go down as well as up. You may not get back all the money you invest. Any notification of an IPO on our website is not an endorsement of the issue, nor is it solicitation for interest in the issue. Investment in the Company should not be regarded as short-term in nature. You should consider carefully all of the information set out in the Offer documents, including all the risks attached to investing in the Company before you apply. Currency changes affect international investments, and this can decrease their value in sterling.
Current offers
Please note offers may close early without prior notice.
There are no live offers
IPOs and new issues can become available at short notice. Register for alerts and we'll let you know when new offers are available.
Rumoured IPOs
Several high-profile companies are reportedly considering to go public. However, none of these potential IPOs have been confirmed, and there is no guarantee they will go ahead.
A US-based AI company that’s best known for its Claude chatbot and other large language models.
The AI company behind behind ChatGPT and the GPT model series.
A UK digital challenger bank known for its coral-coloured debit card and mobile-first banking app.
A UK-founded global financial app offering banking, payments, and trading services.
A US-based online payments infrastructure company used by millions of businesses worldwide to process payments.
A UK digital-only bank offering personal and business banking accounts.
What are IPOs and new issues?
An IPO (Initial Public Offering) is when a company sells its shares to the public for the first time, so anyone can buy a piece of it. "New issues" is a broader term, covering other new shares or bonds offered to investors for the first time.
By applying for an IPO or new issue, everyday investors get the chance to buy in at the company's launch price, potentially before it's traded more widely on the stock market.
Why choose ii for IPOs and new issues?
- Proven track record: We've taken part in hundreds of IPOs and new issues over the last 15 years for our customers, including Royal Mail and SpaceX. If an offer is open for retail investors, we aim to make it available for you as soon as it's live.
- Access a variety of offers: Apply for new issues across private companies, large-cap companies, investment trusts, retail bonds and treasury bills — which we were among the first brokers to offer. You'll also get access to IPOs exclusive to ii.
- Apply online or on the app: Applying for IPOs or new issues is easy with ii. Once we let you know an offer is now live, you submit your application online or on the go via our mobile app.
Keep the money you make
While most other providers take a percentage of your wealth, we charge a low, flat monthly fee. So you can keep the money you make.
Access decades of expertise
We’ve been helping people invest for 30 years. Our multi-award-winning range of accounts and expert insights are built on decades of experience.
Lean on our UK-based support
Our award-winning customer service team is only a phone call away. It’s why over 50% of our customers have been with us for more than 10 years.
Learn more about each offer type
Share offer IPOs
Companies can use a share offer IPO when they want to list on a recognised stock exchange for the first time. The money raised can help fund growth, repay debt or finance other business plans.
Retail bond issues
Retail bonds provide another way for companies to raise extra capital by borrowing from investors at a fixed rate of interest, known as a coupon, for a set period.
Trust and fund launches
Similar to other IPOs, investment trusts and funds will come to market from time to time. The trustee or fund manager will provide a prospectus to highlight the investment’s strategy and income proposition.
Treasury bills (T-bills)
T-bills are a short-term form of government borrowing, issued at a discount and repaid at face value when the bill matures, typically within weeks or months.
Apply for IPOs and new issues today
Already have an ii account?
If you’re already an ii customer, you can start applying for IPOs or new issues straight away.
New to ii
Choose your account you wish to apply for an IPO or new issue with.
How to apply for IPOs and new issues
You can apply for IPOs and new issues either online or via our mobile app.
For most IPOs and new issues, you can take part with an ii Trading Account, ISA, Junior ISA or Personal Pension (SIPP). Once your investment account is ready, view the the offer you like to apply and follow the steps.
Just keep in mind, each IPO or new issue is different and may not always be available in every account type.
For an international IPO, you'll need to complete this form before you make your first trade as this will allow you see live prices on international shares. We’ll ask you to complete the agreements the first time you search for an international share.
Before you can buy US-listed shares with ii, you need to have completed a W-8BEN form. In most cases, you can do this online via your ii account. You don't need to do this if you are only investing in a SIPP.
Risks and considerations to keep in mind
As with any type of investing, there are some risks to consider when applying for IPOs and new issues.
IPOs carry a higher level of risk
When a company first lists on an exchange, its share price can be more volatile and may rise or fall sharply. For international IPOs, currency changes can also affect the value of your investment in sterling.
Read the IPO prospectus carefully
Whenever an IPO is filed, the company must provide a prospectus. This official document details everything you need to know about the company going public, including how the business operates, its management team, its finances, and the risks involved. The aim of the prospectus is to help you make an informed decision on whether to apply.
Application to an IPO doesn’t guarantee share allocation
Applying for shares in an IPO doesn't guarantee you'll receive them. If demand is higher than the number of shares available (known as being oversubscribed) you may receive fewer shares than you applied for, or none at all.
IPO performance table
| Name | IPO date | Issue price (£/$) | Share price 31/07/26 (£) | Gain/loss since IPO |
|---|---|---|---|---|
| 1947 Oil & Gas (LSE:1947) | 28/09/2026 | £0.10 | £0.10 | 0.0% |
| Space Exploration Technologies Corp Class A (NASDAQ:SPCX) | 12/06/2026 | $135 | $173.20 | 28.3% |
| Coastal Africa Group Ltd (LSE:CAGL) | 10/06/2026 | £1.61 | £2.00 | 24.2% |
| Meridian Mining (LSE:MNO) | 01/05/2026 | £0.92 | £1.27 | 38% |
| Rift Helium (LSE:RIFT) | 22/04/2026 | £0.10 | £0.07 | -30.0% |
Source: Morningstar data as at close of business 7 October 2026. The data above only includes companies that have listed on the UK stock market in the past six months.
Prices, information, data, analyses and opinions provided by Morningstar © 2025 Morningstar. All Rights Reserved. The information, data, analyses and opinions (“Information”) contained herein: (1) include the proprietary information of Morningstar and its content providers; (2) may not be copied or redistributed except as specifically authorised; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from data published on various dates. Morningstar is not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.
News & analysis
IPOs and new issues FAQs
The minimum investment varies for each offer, but it's often either £500 or £1,000. You'll find the exact amount in the relevant prospectus or supplementary documents, or on our website if we've been invited to take part
IPOs and new issues give you the chance to invest in a company, trust, bond, or fund before it's available on the open market. You could be among the first to own shares in a brand you know, or get access to an opportunity from a leading fund provider. Early investment can also help you save on fees, as IPOs and new issues are typically free of commission and stamp duty.
Just keep in mind, IPOs do carry a higher level of risk. If you're unsure, you may want to seek financial advice..
If we're taking part in an offer, you'll find the prospectus and other important documents on our website. Simply select the IPO or new issue you'd like to apply for, and you'll be taken to the offer's page, where you can find all the available documents.
Offer periods vary depending on the investment type. For a new fund or investment trust, it's typically two to three weeks. For shares in a company that's floating, or for gilts and Treasury bills, it can be less than a week.
It's also important to remember that offers can close early without notice. You can find more details on when applications close on our website or in the prospectus.
Most IPO and new issue offers that are available through ii are commission free. If there is a charge it will be clearly stated on the offer page and when you apply. Please remember, if your application is unsuccessful, you won't be charged and your full application amount will be refunded. View our charges to learn more about our flat-fee pricing.
