Invest before it hits
the market
An Initial Public Offering (IPO) or ‘float’ is an exclusive chance to buy shares or securities before they become available on the sharemarket.
With ANZ Share Investing, you can access two types of IPOs. On-market IPOs typically allow you to buy shares in smaller or younger companies through ASX BookBuild.
Off-market IPOs typically allow you to invest in some of Australia’s largest and most established companies, either through shares, interest rate securities or hybrid securities (which combine elements of shares and interest rate securities).
Details at a glance
May be suitable if you:
- are looking to invest in newly-listed companies
- are comfortable with the risks of IPOs (e.g. uncertain market price)
- have an understanding of hybrid securities
Minimum investment:Varies |
Brokerage starting from:N/A |
The IPO process
1. Prospectus
The prospectus contains all of the information needed to help investors make an informed decision about investing in the company.
2. Application
The company decides who it wants to offer its IPO to. If you're offered the chance to invest in a company IPO, you can choose to apply online with ANZ Share Investing.
3. Allocation
After all the applications are in, the company will allocate shares or the securities. Sometimes there aren't enough securities to fulfil all of the applications. This is called oversubscription, and you might receive fewer securities than you initially applied for, or maybe none.
Key considerations
Benefits
- Opportunity
IPOs give you the opportunity to invest in a company's shares or securities before they're listed on the stock exchange. - Distributions
As an owner of the securities, you'll be entitled to any dividends or interest paid by the company. - Franking credits
You can potentially save money on tax when part of the tax payable on the dividends you earn has already been paid by the company you're invested in.
Risks
- Uncertain market price
There's no guarantee the value of the securities will rise or maintain their value after going public. If the securities drop in value, you can lose some or all of your money. - Liquidity
IPOs may have low liquidity and can be difficult to sell. - No dividends
Some companies might decide to not pay dividends to investors.
How to apply
- Apply for an ANZ Share Investing account
- Verify your identity
- Deposit funds in your account
- Start trading!
Details to have handy
- Current Australian driver’s licence, and
- Australian birth certificate or Australian citizenship certificate, or
- Australian passport (current or one that has expired within the last two years) or current foreign passport including the signature page.
Not opening an individual account? Complete the application and we'll let you know what documentation you need to provide.
Why choose us?
- Flexible trading platforms that let you trade on the go
- Powerful trading tools, advanced charting and trusted research
- Trade with your own funds or borrow from ANZ
- Seamless integration with ANZ Internet Banking and ANZ Investment Lending
- Immediately trade sale proceeds prior to settlement
- Earn Qantas Pointsdisclaimer when you trade
Contact us
The ANZ Share Investing service is provided by CMC Markets Stockbroking Limited ABN 69 081 002 851 AFSL 246381 (CMC Markets Stockbroking), a Participant of the Australian Securities Exchange (ASX Group), Sydney Stock Exchange (SSX) and Chi-X Australia (Chi-X) at the request of Australia and New Zealand Banking Group Limited ABN 11 005 357 522 (ANZ). Disclosure documents relating to ANZ Share Investing products and services are available on anzshareinvesting.com.au or by calling us on 1300 658 355. ANZ is the issuer of the ANZ Cash Investment Account and ANZ V2 PLUS Account. The obligations of CMC Markets Stockbroking are not guaranteed by ANZ. CMC Markets Stockbroking and ANZ are not representatives of each other.
The ANZ Share Investment Loan is provided by Australia and New Zealand Banking Group Limited ABN 11 005 357 522, AFSL 234527 ("ANZ").
An ANZ Share Investment Loan is subject to investment risks, including possible losses in income, capital invested and additional liability for the loan. We therefore strongly advise you talk to your financial planner, tax adviser and/or stockbroker and ensure you understand the risks, the specific tax implications as well as the legal and financial ramifications of a share investment loan.
ANZ does not give personal advice about the ANZ Share Investment Loan or it's tax implications. This information is of a general nature and has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. ANZ recommends that you read the ANZ Share Investment Loan Product Disclosure Statement and the ANZ Investment Lending Terms and Conditions which are available at anzshareinvesting.com.au or by calling the Client Services Team on 1800 639 330 between 8.00am and 6.00pm (Sydney/Melbourne time) during ASX trading days before deciding whether to acquire, or to continue to hold the product.
All ANZ Share Investment Loan applications are subject to ANZ’s credit approval criteria. Fees and charges apply and are available here or by calling the Client Services Team on 1800 639 330 between 8.00am and 6.00pm (Sydney/Melbourne time) during ASX trading days.