Interested in investing in IPOs (initial public offerings) or new issues in New Zealand and Australia? We'll tell you what's available and help you through the process.
Simply email us at firstname.lastname@example.org with your name and client number to join our email subscription list. If we are informing customers via email, you'll be first to know of our participation in the new issue or IPO.
If you don’t wish to subscribe to receive our email, we also regularly update our website with information on specific offers, so you can still stay well informed.
Once a new issue or initial public offer (IPO) is announced, there’s usually a period where you can find out more about the offer and register your interest.
You'll automatically be sent details and offer documents for any new issues or IPOs we are providing access to. It's worth noting that restrictions can sometimes apply to new offers, making certain investors ineligible to participate (often this is related to country of residence). If our current records show that you are ineligible for a particular new offer, we may not send you details about it. At times, emails will not be sent, and the offer details will only be available online through ASB Securities share trading platform.
You can email us and request to receive more information about an offer. Asking for more information doesn't mean you are making any commitment to invest. It will just put your name on the list to receive the offer documents when they're available to the public.
Once you’ve read and understood the contents of all the offer documents, and decided that you wish to proceed, you’ll need to contact us by the offer deadline we’ve given you, to confirm that you want to participate.
When you decide you would like to buy securities in a specific IPO or new issue, you’ll then need to confirm your level of interest. This is simply the amount of money you want to invest in the offer.
We must speak with you to personally confirm the following:
Following this conversation, you will have provided us with 'firm interest'. We will then use this information to bid for an allocation on the offer.
At this stage ASB Securities isn't under an obligation to fill your application, as we won't yet know the overall level of interest (potential demand) in the offer, or the allocation that we may receive from the issuer.
Once you’ve successfully received an allocation and completed your purchase, the securities are yours.
ASB Securities Limited is an NZX firm. When you trade on the NZX markets through ASB Securities you must comply with NZX rules as outlined in the ASB Securities Trading Conduct for Online Share trading. ASB Securities terms and conditions apply. Pricing data supplied by ASX and/or NZX. ASB Cash Management Account, ASB Foreign Currency Account, ASB Margin Lending and ASB Term Deposits are provided by ASB Bank Limited. ASB term's apply. Rates and fees may change. Refer to asb.co.nz for other fees and charges. This page does not have regard to the financial situation or needs of any reader. As individual circumstances differ, you should seek appropriate professional advice. See the ASB Securities glossary for share trading and investment terms or Morningstar for research terms.