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IPO via PrimaryBid - What is process for transfer and what are timelines?


desmondhasabarrel

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On 19/02/2021 at 22:05, HC2 said:

I asked the same question and the response was to fill in a stock transfer form. 
Other responses in the forum say it is automatic transfer.

 

@CharlotteIG could you clarify please?

 

What a bland question. Seems a clear question to me. Subscribing to IPO's is Advertised on IG, but little is given in guidance. Please can you clarify that!

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On 19/02/2021 at 22:05, HC2 said:

I asked the same question and the response was to fill in a stock transfer form. 
Other responses in the forum say it is automatic transfer.

 

@CharlotteIG could you clarify please?

 

Just do a search for IPO on this community for "IPO". Not a single question answered !  Dreadful. @CharlotteIG

Edited by NESIT
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On 19/02/2021 at 22:05, HC2 said:

I asked the same question and the response was to fill in a stock transfer form. 
Other responses in the forum say it is automatic transfer.

 

@CharlotteIG could you clarify please?

 

@CharlotteIG Ok. Worked it out by Google. Please correct me if I am wrong. 1. Subscribe to Primarybid if not already. 2. Nominate IG as your broker with your relevant IG share dealing A/C. 3. Withdraw funds from IG or fund Primarybid separately. 4. Trade via Primarybid.

Is this correct and if so what happens next. Please advise @CharlotteIG

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4 hours ago, NESIT said:

1. Subscribe to Primarybid if not already. 2. Nominate IG as your broker with your relevant IG share dealing A/C. 3. Withdraw funds from IG or fund Primarybid separately. 4. Trade via Primarybid.

Hey, 

The first 2 steps are correct you subscribe to Primarybid, nominate IG as your broker. When/ if you get the stock it will go to your IG account but you don't pay IG you pay PrimaryBroker but you trade with IG. 

Sorry for the delay getting back to this one. 

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I've done a few of these and not everyone at IG seems to know how they work. I've found that if I forward my confirmation from Primary bid to "transfers@IG.com" it all seems to work fine. It does seem to take a while sometimes so don't be surprised if they appear a day or so after the admission date.

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Will I be charged a commission to sell the IPO subscription on IG?  The IG page says it is commission free

Also, are there any inactivity fees on the sharedealing account?  I have spreadbetting accounts on IG.

Thanks in advance

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