The 'Current' section below is based on confirmed offers, however the 'Upcoming' section is based on media reports and there's no guarantee these companies will join the stock market. The list is subject to change and if a company does proceed with an IPO, there's also no guarantee that retail investors will be able to take part in the IPO offer with AJ Bell.
If you have any questions about an upcoming offer or your eligibility to take part, please contact our Dealing services team on 0345 543 2600.
Be the first to know about the latest offers
Stay ahead of the curve — AJ Bell customers can get early updates on the latest IPOs, bonds, gilts and treasury bills. Just subscribe to our notifications to receive alerts about upcoming launches.
Not a customer yet? Explore our range of accounts to unlock access to these exclusive notifications.
An IPO, or Initial Public Offering, is when a private company lists its shares on a stock exchange for the first time. It marks the stage when shares in a company become available to the broader public, having previously been limited to private investors or venture capital backers.
New issues aren’t limited to company shares – they cover a range of investments made available for the first time, such as treasury bills, fund or trust launches and bond issues.
We’ll send you alerts about the latest IPOs and new issues
Invest in a wide range of assets, including shares, investment trusts, new funds, treasury bills, government gilts, and corporate bonds
Normally, you won’t pay dealing charges when taking part in an IPO or new issue
Stamp Duty and PTM Levy are also not payable on IPOs or new issues
What are IPOs and new issues?
An IPO, or Initial Public Offering, is when a private company lists its shares on a stock exchange for the first time. It marks the stage when shares in a company become available to the broader public, having previously been limited to private investors or venture capital backers.
New issues aren’t limited to company shares – they cover a range of investments made available for the first time, such as treasury bills, fund or trust launches and bond issues.
We’ll send you alerts about the latest IPOs and new issues
Invest in a wide range of assets, including shares, investment trusts, new funds, treasury bills, government gilts, and corporate bonds
Normally, you won’t pay dealing charges when taking part in an IPO or new issue
Stamp Duty and PTM Levy are also not payable on IPOs or new issues
Different types of offers
IPOs and share offers
IPOs are the most well-known type of new issue. Companies going public will set a price range or fixed price for their shares, and you can apply for an allocation. Keep in mind that popular IPOs may be oversubscribed, meaning you might receive fewer shares than you applied for, or none at all.
Fund and trust launches
New investment trusts and funds sometimes offer their shares or units at launch, often with reduced or zero initial charges. These launches give you the chance to invest in a new strategy or back a fund manager from the ground up.
Treasury bills and gilt issues
Treasury bills (T-bills) and gilt offers are both UK government-backed bonds. T-bills are short-term investments that mature in less than a year and are issued at a discount, paying their full face value at maturity. Gilts are medium- to long-term government bonds that pay regular interest and return their face value at maturity. You can access T-bills and gilts through our platform when new issues are made available to AJ Bell.
SSA and corporate bonds
Sovereign, Supranational, and Agency (SSA) bonds and corporate bond offers are occasionally made available to retail investors. These fixed-income bonds pay regular interest and aim to return your capital at maturity, making them popular for income and/or ESG focused portfolios. SSA bonds are issued by institutions such as the World Bank for the purpose of socio-economic development.
Venture Capital Trusts (VCTs)
Venture Capital Trusts are publicly listed investment trusts that allow individuals to invest in smaller, high-risk companies. These trusts aim to support the growth of early-stage businesses by providing them with capital, and in return, investors may receive tax-free dividends and capital gains. VCTs can be a suitable option for those looking to diversify their portfolio, though it’s important to consider the associated risks and the long-term nature of these investments.
You can invest in IPOs and new issues through our range of investment accounts, including an ISA, SIPP, or Dealing account.
Investing in IPOs carries a high degree of risk. The value of your investment may fall significantly once the security reaches the open market, and you may not get back the money invested. Any decision to invest in an IPO, share offer or retail bond launch should be made on the information contained in the prospectus and any supplementary/ information. We don’t offer advice on the suitability of IPOs and any notification received is not an endorsement or solicitation for interest in the issue. If you’re unsure, please consult a suitably qualified financial adviser.
We're here to help you invest
We’ve been helping our customers put their money to work for over 30 years. And with over 762,000 customers, that’s a lot of people taking control of their financial futures.
We’re not just one of the UK’s largest and best regarded investment platforms, we’re listed on the FTSE 250, we’re regulated by the Financial Conduct Authority (FCA), oh, and we’re the only investment provider to be Which? Recommended eight years running, 2019-2026.
So, when you're ready to feel good, investing, we're here to help.
