Can Indian residents buy US IPO shares at the offer price?
Our answer
Access to a US brokerage account does not automatically include an IPO allocation. Ask the broker to confirm it participates in that particular offering, accepts your residence for it and can accept an indication of interest from your account. The issuer’s prospectus sets the offer terms. A request may receive fewer shares than requested or none at all.
Before the first trade
An offer-price subscription, a private pre-IPO sale and a purchase after the exchange opens are different transactions. Compare their paperwork and eligibility separately.
Retail eligibility
Check minimum order size and investor eligibility in the prospectus and on the broker’s offer page. Rules for private placements are separate from those for the public IPO.