What Is the Minimum and Maximum I Can Invest in a US e-IPO, and Can I Apply to Multiple IPOs at Once?
The minimum and maximum investment amount for a US e-IPO order varies by IPO — there's no single fixed figure, and the exact limits for each offering are shown on that IPO's order screen before you submit. You can apply to multiple different IPOs at the same time, but only one active order per individual IPO.
- Why the limits vary: Each IPO's minimum and maximum order size is set per offering and validated on the order screen when you place your order — always check the current IPO's screen rather than relying on a figure from a previous IPO.
- One order per IPO: You can't place a second order for an IPO you've already ordered into — if you want to invest a different amount, use Amend on your existing order instead.
- Multiple IPOs allowed: There's no limit on how many different upcoming IPOs you can apply to at the same time, as long as you have enough USD Cash to cover each order (each order reserves its own amount separately).
Related questions:
Q: How do I find the exact minimum for a specific IPO?
Open that IPO's order screen in the e-IPO page — the current minimum and maximum are shown there before you submit.
Q: Can I place orders for two different IPOs on the same day?
Yes — there's no limit on the number of different IPOs you can apply to simultaneously.
Q: What if I want to invest more after I've already submitted an order?
Use Amend to increase the dollar amount on your existing order before the 60-minute final warning window closes.