How you can take part in new share offerings as an individual investor
Are new share offerings to raise capital
Usually only available to institutions
Now you can take part with PrimaryBid
A placing is the issue of new shares when companies are looking to raise money. Usually new or 'primary' shares are only offered to institutions, which is what makes a placing different to a rights issue, where the shares are offered to existing shareholders.
When you buy shares in a company which already exists in the market, these are known as secondary shares. Primary shares are new shares issued by a company for example, through an IPO or a placing - the key difference is that with a placing, the offer is not open to everyone, only investment organisations such as banks, funds and accredited investors.
As placings are usually only available to institutions, we have not been able to offer this service to our customers directly.
So we have joined up with PrimaryBid, a platform that allows individual investors to participate in new share placings by listed companies.
Investors who register will be notified of new offers as soon as they go live. Even better, your shares will be automatically transferred to your EQi dealing account once they have been allocated.
Sign up for a free PrimaryBid account and add your EQi dealing account number so your shares can be transferred directly.
When a company is raising capital through PrimaryBid, they will instantly notify you by email or push notification.
Review the terms of the share offer and subscribe using your debit card.
Once allocations have been confirmed, your shares will be transferred into your EQi dealing account.