Читать книгу Starting With Shares - Roger Kinsky - Страница 33

To participate in a float (or IPO) you need to get a copy of the prospectus and provide the information required. You may do this using a paper copy of the prospectus or you might be able to do it electronically. In any case, you'll need to provide some financial information such as bank account details. You may also need to give some security details to ensure you're a bona‐fide person and to prevent money laundering or tax evasion. Of course, you also have to pay for the shares you want. For example, if the issue price is $2.00 and you want 1000 shares, you'll have to cough up $2000. The float will have an expiry date and you need to make sure your application and application money are received before this date.

‘I want to get these new shares before they're listed.’

Subscribing to a float and getting shares this way is similar to buying a new commodity such as a new car or book. The item hasn't had a previous owner and is unused so should be in perfect condition.