Allocation, settlement, and delivery
When will I receive the shares?
Allocated shares are delivered to your Revolut investment account on the listing day. You'll be notified about how many shares you receive and will be able to see your shares in your portfolio when you open the app on the listing day. In case you don't receive any shares, you'll be notified as well.
Specific shares allocation methodology may differ depending on the IPO deal, but you will always be informed in advance what specific methods will be used before you make a subscription.
Can I sell my shares immediately?
Shares are delivered before the IPO opens for trading, so you can buy or sell from the first trade at market open. Usually, there’s no requirement to hold shares you get allocated. However, for certain deals, such limitations may apply, which you will be able to see in-app in advance.
If you would like to sell your shares once the IPO is listed, keep in mind that newly-listed stocks can be highly volatile during the first weeks of trading, and liquidity can be limited. There is no guarantee that the stock will trade up from the offer price.
Many IPOs trade below their offering price in the days, weeks, or months following the listing, sometimes very significantly. If you sell at a loss, the loss is real. If you hold shares, you may need to wait a long time to recover your initial investment, and it’s possible you may never recover it.