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What is the process to participate in an IPO?

  1. Sign up for a free Motif Investing account and complete the brokerage application.
    We typically review and approve applications received in good order within 24 hours.
  2. Indicate your interest in an upcoming IPO and answer a few questions to confirm your personal information.
    Once confirmed you’ll be able to review a preliminary prospectus of the offering.
  3. Determine how much you’d like to invest in an IPO and place a conditional order.
    After you’ve placed your order, remember to fund your Motif Investing account.
  4. Keep an eye out for additional communications from Motif Investing about the IPO you wish to participate in. We may send you additional documentation that you’ll need to review and acknowledge. For example, if the final IPO price moves 20% above or below the preliminary price range or if there are other material changes to the offering.
  5. Receive your IPO shares. Once the IPO closes we will allocate shares based on the final number conditional orders from customers and notify you via email. If there’s a limited number of shares available you may receive less shares than you originally requested or no shares at all. You will only pay for the shares that you actually receive.