Following the IPO discussion of the Kreate chain, I have noticed that the threads easily get flooded with questions related to the technical aspects of the IPO itself: are the subscriptions visible? Where did the money go? When will the extra funds be returned? When can the IPO be cancelled at the earliest?
These are, of course, relevant questions for those participating in an IPO (initial public offering, i.e., listing on the stock exchange), but at the same time, they divert the threads’ attention away from the company itself.
In this thread, you can post questions about listings, no matter which company is listing. Ping other members so they can find this thread too.
You’ll see a subscription commitment in Nordnet. You have literally committed to subscribe to that many shares.
According to the terms of the offering, the results of the IPO are expected around February 18th. Today is February 16th, so you’ll have to wait a couple more days. In any case, the final shares will arrive in your portfolio by February 19th at the latest, before the stock exchange opens. If the shares don’t arrive in your portfolio, you likely haven’t received them for some reason. This will also become clear in the end, once the allocation of shares is determined.
The terms of the offering stated that subscriptions would aim to be filled to 100 shares for each subscriber. Often in offerings, there’s a certain number of shares for everyone, plus a percentage of their own subscription. The public portion of this offering is very small, so I strongly doubt that 100 shares will materialize. Recently in Swedish IPOs (Thunderful, Nimbus), 50 shares have been allocated, either you got only those or you got none at all.
Thanks @Verneri_Pulkkinen for starting this thread. I, for one, am clearly an absolute beginner when it comes to IPOs and also as a Nordnet user, even though I’ve been a stock investor for a long time. So, there’s a need to share technical issues.
I only found the subscription commitment @Hurde mentioned in Nordnet under “account overview”, so I had to surf a bit before I found it
“Kreate expects trading in its shares to begin approximately on February 19, first on Nasdaq Helsinki’s pre-list. On the official stock exchange list, the share should be traded on February 23.”
What does this mean in practice? Is it possible for us ordinary small investors to trade on the pre-list, or can we only trade from February 23?
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I don’t have any experience with pre-list trading, but I haven’t found any reason why you couldn’t trade there. It’s a temporary listing that enables trading before the main listing.
Pretty standard IPO practice in Finland, so the entire subscription amount is reserved as a subscription commitment on the next banking day. You should really familiarize yourself with the IPO rules before subscribing, so there are no surprises.
Let’s try to keep company threads to company-related discussions . This would also become clear if one read the IPO information carefully. So, according to estimates, the allocation should come today.
Question related to this: when trading begins on the pre-list, can Kreatos shares be bought and sold normally? Or is this only possible next week when moving to the main list?
What’s this about? I transferred money to my OST for the Kreat IPO, and the money technically went somewhere. Now, when I was taking it out of the OST, Nordnet says that some preliminary tax would be charged on it?
You should never withdraw your money from an OSK account if the overall balance is positive, unless you genuinely need the funds. The best aspect of OSK is precisely that no taxes are incurred (excluding withholding taxes abroad) until you withdraw funds from an account that is in profit. Compound interest.
