Do I need to be an ASB Securities customer to buy shares in a share offer?
No, but we recommend you do become one. It’s free to join and it may make things easier for you as we can keep you informed about the latest share offers and market news.
Who is eligible to buy shares in an Initial Public Offering (IPO)?
Typically various entities may be able to buy shares, such as individuals, companies, limited liability partnerships and managed funds (for example KiwiSaver funds). If there are specific eligibility criteria, these are made available when the share offer goes live.
What is the issue price of a share, what does that mean?
The issue price is the cost per share when issued. This is set before the shares list on the share market.
For IPOs and new issues, the lead broker is normally the main underwriter of the offer. Their role is to ...