01

Open an account at Mind-Money.eu.

You will need an identity document and proof of address (utility bill). The verification process is very fast; it takes 2 minutes to create an account.

02

Fund your account

To participate in the IPO you must have free funds in your account in the amount for which you are applying for the IPO, but not less than $2,000. We recommend $10,000.

We recommend that you fund your account in advance. Often the exact date of the IPO will be known a couple of days before the start of trading. There may not be much time before the deadline for applications and funding also takes time to process. In addition, sometimes the prime broker may notify us about the IPO just a few hours before the deadline.

03

Apply for an IPO

When the bids are open, select the IPO you want and click "Participate in IPO". Then specify the amount you want to invest in the IPO and submit the application.

!You can participate in the IPO not only with cash but also against a margin of liquid securities from your portfolio. On the day of the IPO (1 day before the start of trading), you will see the total amount available for the IPO. But you will see it in your portfolio in a non-trading account.

04

Fund your account

On the day of public trading, shortly before the US market opens, the IPO shares purchased will appear in your account. Due to high investor demand for the IPO, you may receive less shares than the amount specified in the application. The remaining funds will be automatically returned to your account immediately.

Mind-Money.eu distributes IPO shares to customers in proportion to the amount of the application.

05

Observe the start of public trading

When public trading begins, the stock exchange will begin its lock-up period, a 93-day no-selling period. You cannot sell your IPO shares, but you can monitor their current value in your member's personal account and trading terminal.

! The 93-day lock-up period is set by the superior broker in order to avoid a sharp drop in quotations if shareholders want to lock in profits in the first days of trading and start selling their securities in droves. Brokers that set a lock-up period usually receive more IPOs from underwriters than brokers without a lock-up period.

06

Close the transaction

At the end of the 93-day lock-up period, you can dispose of your shares as you see fit - leave them in your portfolio or sell them outright. You can do this in your account by clicking the "Sell" button next to the name of the security. In this case, a fee of 0.5% of the sale transaction amount will be charged.