Not all brokerages are alike when it comes to IPO investing. Far from it. So when it comes to the best online brokers for IPO investing, which ones give you the most access?
The best brokerages give IPO access to all US based investors that have an account… regardless of the amount of assets in the account. The worst require high account balances for existing wealthy customers or have no access to IPOs at all.
The purpose of this page is to sort through various brokerages to determine which ones can give you access to IPOs, and spell out what it takes to be eligible.
In recent years, a new group of brokerages has emerged that allow access to IPOs for anyone with an account, regardless of account balance. Instead of rewarding wealthy customers, they are using the IPO opportunity to gain new customers. Companies are now using the IPO as a way to build loyalty with the customer, who is more likely to buy products from them as shareholders.
This new idea of connecting the customer by allowing access to the IPO is just getting started. As new companies see the benefits, more will follow suit, opening up more opportunities for IPO investors like you and me.
Below is a quick comparison table with the known IPO investing policy of each broker.
The information in the table above was acquired through public information on broker websites. Some information was determined through conversations with customer service. Information may not be 100% accurate and is subject to change.
If you have information you’d like to add, including your experience investing in IPOs at certain brokers, or have an opinion on the best online brokers for investing in IPOs, please contact me.