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How to get started investing in new issues and IPOs
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.
How to find out about new issues and IPOs
Simply email us at asbsecinfo@asb.co.nz 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.
What to do if you're interested in a specific offer
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.
If you are currently subscribed to our new issues email:
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.
If you aren't signed up to our new issues email subscription list:
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.
Please note:
To be able to register to receive more information about an offer, you must have an open ASB share trading account.
Read the offer documents and do your research
- Once you have received the relevant documents about the offer - also known as the offer documents - it’s important you read them thoroughly.
- These legal documents should help you decide whether or not you want to invest in the offer.
- You may also wish to do your own independent research into the offer to help make up your mind.
- ASB Securities will not take an interest level from you before you’ve read and understood the contents of the offer documents.
Confirming you want to go ahead
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:
- That you fully understand the process for participating in the offer.
- Your level of interest in the offer.
- Your eligibility to participate in the offer.
- That your level of interest meets the minimum requirements of the offer.
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.
Remember:
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.
What happens next?
Once you’ve successfully received an allocation and completed your purchase, the securities are yours.
- Once the securities have been allotted they can be traded on the secondary market. If you've bought shares, you can do this easily online. Check out our helpful video on buying and selling shares and our online guide to buying and selling shares.
- You’ll receive a statement from the share registry confirming the holding has been registered to your Common Shareholder Number (CSN) for New Zealand securities or your Holder Identification Number (HIN) for Australian securities.
- If you would like to keep track of your new investment using ASB’s Online Portfolio tool, you can manually add the stock to your online portfolio (this is only available for equities such as shares). For more information, take a look at our video on portfolios or alternatively, our online portfolio guide.
Next steps
Enquire now
Email us if you'd like help to get started.
Call us
Contact the ASB Securities team from 7am to 6pm NZT, Monday to Friday.
Other helpful guides
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.
