For most retail investors, the most direct way to buy IPO stocks is through specialized programs offered by online brokerages. While institutional investors traditionally dominated this space, several platforms now allow everyday traders to request shares at the official offering price before they begin trading on a public exchange.
How to Participate in an Initial Public Offering (IPO) - Fidelity Investments where to buy ipo stocks
: Regularly offers a list of IPOs that retail users can subscribe to directly within the app. E*TRADE (Morgan Stanley) : Best for : High-profile IPOs. For most retail investors, the most direct way
: They charge a $50 fee if you sell allocated shares within the first 120 days to discourage "flipping". Fidelity Investments : E*TRADE (Morgan Stanley) : Best for : High-profile IPOs
: Generally no account minimum to participate, making it highly accessible. SoFi Invest : Best for : "All-in-one" financial app users.
: Offers retail investors access to select IPOs with no account minimum.
: Often requires a significant account balance (e.g., $100,000–$500,000 in household assets) to be eligible for certain high-demand offerings. Webull :