- First, go to ‘IPO Investing’ in your Invest account.
- Next, select an IPO.
- Then you’ll need to enter your indication of interest, which lets us know how many shares/units you’re interested in buying. Indications of interest are not considered binding orders because they are made before the prospectus is deemed effective by the SEC. An indication of interest is similar to making a reservation - you are holding your place in line and will be contacted by SoFi to confirm your intent once the deal is live and firm orders can be received.
- SoFi will alert you when it’s time to confirm your buy order. You will only have a short period of time to confirm your buy order (typically one trading day) so make sure to do so as soon as possible.
Any SoFi member with an Active Investing account is eligible to participate with no account minimums.
Eligible members are able to participate in multiple IPOs, but can only select one at a time as each IPO is unique and carries its own terms, conditions, and risks.
Additional Learning Resources on IPO Investing
SoFi Learn Article: What is an IPO?
SoFi Learn Article: What To Know About SPAC IPOs
SoFi Learn Article: Buying IPO Stocks: What You Need to Know
SoFi IPO Investing: Walkthrough video