Home/FAQ/Trade IPOs/Can I place a market order to purchase shares of an IPO before the shares begin trading on an exchange?

Can I place a market order to purchase shares of an IPO before the shares begin trading on an exchange?

Motif cannot accept market orders to purchase shares of a non-public company (since shares are not yet available on an exchange).

Once an IPO is complete shares will begin trading on an exchange and you will be able to place market orders.