To buy IPO (Initial Public Offering) stocks, you generally need to use a brokerage that provides access to IPOs. Here are some brokerages known for offering IPO access to their clients:
1. Fidelity: They offer IPO access to eligible customers with large accounts or high levels of trading activity.
2. Charles Schwab: Schwab provides IPO access through its partnership with IPO underwriters. Clients need to meet certain criteria.
3. TD Ameritrade: Clients can access IPOs through TD Ameritrade’s partnership with Renaissance Capital. Like other brokers, there are eligibility requirements.
4. E*TRADE: Through a partnership with investment banks, E*TRADE allows clients to invest in IPOs. Account balance or trading activity criteria may apply.
5. Robinhood: Robinhood has introduced an IPO Access feature that allows individual investors to buy IPO shares before they are listed on exchanges, without any special eligibility requirements.
6. Webull: Webull has also started offering IPO access to its users, often with fewer restrictions compared to traditional brokerages.
Each brokerage may have specific criteria for participating in IPOs, such as account balances, trading activity, or customer loyalty. Make sure to check with your chosen brokerage regarding their specific requirements for IPO access.
