What is an IPO, and how does US e-IPO work on Pluang?
An IPO (Initial Public Offering) is the first time a private company sells shares to the public and becomes listed on a stock exchange. US e-IPO is a Pluang feature that lets you apply for shares in upcoming US company IPOs before they start trading, so you can potentially get shares at the IPO price instead of waiting to buy at the market price after listing.
Key facts about US e-IPO on Pluang:
- Eligibility: completed Global & Yield Asset Verification (same tier that unlocks US Stocks & ETFs and US Stock Options) + USD Cash in your wallet. No extra paperwork, no separate IPO account.
- Find it under the US Stocks tab on the e-IPO page, or via Explore (US tab) → e-IPO section — only visible when an IPO is ongoing or upcoming.
- You submit a dollar amount, not a share count, as a Conditional Offer to Buy (COB). Allocated shares are credited to your US Stocks portfolio on listing day.
- US e-IPO is separate from Pluang's Indonesian Stocks e-IPO, which is lot-based and funded via RDN.
Related questions:
Q: Do I need a separate account to use US e-IPO?
No — it uses the same USD wallet and US Stocks account you already have; no separate IPO account is required.
Q: Is US e-IPO available to foreign nationals (WNA)?
Yes — any user, WNI or WNA, who has completed Global & Yield Asset Verification can use US e-IPO.
Q: What's the difference between US e-IPO and Indonesian Stocks e-IPO?
US e-IPO uses dollar-amount orders funded by USD Cash; Indonesian Stocks e-IPO uses lot-based orders funded through your RDN.