What Happens After My US e-IPO Shares Are Allocated, and Can I Sell Them Right Away?

Allocated US e-IPO shares appear in your US Stocks holdings on the stock's listing day, the same day it starts trading on the exchange. You can technically sell them as soon as trading is live — there's no lock-up period — though Pluang recommends holding for at least 30 days to avoid "flipping."

• When shares appear: Shares are credited to your Pluang portfolio on listing day, visible under your US Stocks holdings, and are ordinary tradable shares from that point on.
• No lock-up, but flipping is discouraged: Selling immediately after an IPO is known as "flipping" and is discouraged by underwriters. Pluang itself doesn't block early selling, but its broker partner monitors for repeated flipping behavior across users, and consistent flipping could limit access to future IPOs.
• Recommended holding period: At least 30 days, when possible, to stay in good standing for future IPO participation.
• Standard fees apply on sale: Once you sell, Pluang's standard US Stocks selling fees apply (0.2% for Pluang+ / 0.3% for Regular, plus mandatory regulatory fees) — there's no special IPO fee for selling.

Related questions:

Q: Can I sell my IPO shares on day one?
Yes, technically — there's no lock-up — but early selling ("flipping") is discouraged and monitored by Pluang's broker partner.

Q: What is "flipping" and why does it matter?
Selling IPO shares immediately after listing; repeated flipping behavior can limit your access to future IPO allocations.

Q: Do IPO shares trade the same as regular US stocks after listing?
Yes — once distributed to your portfolio, IPO shares behave exactly like any other US stock you hold on Pluang.