How Does It Work?
At Stockpile, you can invest in stocks the day they go public. These trades are the same as any other stock purchase. Your order will go through at the end of the trading day, and you will receive the end-of-day market price.
Am I participating in the IPO?
Please keep in mind that any trade made with Stockpile on the day of an IPO is not a private placement. You’re not participating in the IPO and will not receive the IPO price, which is restricted mostly to insiders. But you can purchase fractional shares of a stock the same day it goes public, regardless of the share price.
When Will My Trade Execute?
Your trade will go through at the close of the market, at whatever the closing price is. The price you receive may be higher or lower than the IPO price. You will see the stock actively trading in your account when the market opens the next business day. Newly public stocks are often more volatile than mature stocks so your new stock may go up and down more than you’re used to seeing.
Canceling a Trade
If you paid for your trade with cash in your account and aren’t happy with the direction the stock price is heading, you can cancel your order before 3 pm ET. Credit/debit/PayPal purchases are non-refundable — if you cancel before 3 pm, you’ll receive a credit you can apply to a different stock. You’ll find the credit in the Gift Card section of your account.
If you have any questions, please contact us at firstname.lastname@example.org. We’re here to help!
Thank you for being a Stockpile customer! Happy investing ?