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All trading basics

IPOs and the Individual Investor

As a client, you are able to participate in any new issue (IPO) available through your Disnat platform. The Canadian IPO market has grown significantly in recent years and represents an important source of investment potentials. Keeping abreast of IPO news and products could prove to be advantageous to investors on the lookout for new investment opportunities.

Note: Desjardins Online Brokerage does not carry any new issues offered outside of Canada. In fact, any investment that is sold by way of a prospectus (such as IPOs and mutual funds) can be purchased only by residents of the jurisdiction in which the prospectus is filed.

With our extensive experience in IPOs, Desjardins Online Brokerage offers you several ways to keep informed of exciting market opportunities, such as our IPO Center, available at Disnat.com. Whether you're looking for stocks, bonds, step-up bonds, convertible debentures, principal protected notes, tax-deductible investments, Quebec SME Growth Stock Plan (QGSP) issues or flow-through shares, you'll find it at Desjardins Online Brokerage's IPO Center.

At the present time, all new issues orders must be placed by telephone with a Representative. Desjardins Online Brokerage's allocation for certain popular IPOs may be small or even unknown at the time of your order. In such cases, orders cannot be confirmed at the time they are placed. Any expression of interest may be completely rejected or filled in whole or in part. This may happen when Desjardins Online Brokerage is part of a selling group as the syndicate underwriting the issue is not obligated to confirm any of the quantity that we request. 

Most new issues, especially stocks, trust units and funds, are issued at a fixed price that is established from the beginning. However, there are instances where the price of the new issue is unknown until the end of the road show. In these cases, the price is established according to the market and/or within a predetermined range. It is important to keep this in mind when placing an expression of interest, and to ensure that you have enough buying power in your account.

Depending on the type and popularity of the issue, the period in which investors can place an expression of interest can range from just a few hours (for popular issues where demand is strong) to several weeks (during the marketing period, for example). If the issue is a bought deal, the investor reaction time could be quite short. As well, the order book for this type of issue may be closed without prior notice.

Would you like to place an expression of interest?¹

Simply contact one of our Client Service Representatives at 1-866-873-7103.

IPO mailing list²

Be among the first to find out about new issues available through Desjardins Online Brokerage: Subscribe to our new issues mailing list and start receiving e-mail notices.

Also See

The current list of new issues available at Desjardins Online Brokerage

¹ ² Note:

Information transmitted by telephone, email or via Disnat.com is provided for information purposes only. Investments must meet each investor's objectives. Desjardins Online Brokerage does not issue any recommendation about a product or give out any opinion on the nature, suitability or potential value of an investment or of any trading strategy. Desjardins Online Brokerage does not guarantee the availability of any specific investment.