ipos: Hurdles on Street: Investors miss out on top IPOs in US

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Indians can buy any stock post listing and there is no minimum investment size.

Synopsis

Domestic brokerages have tied up with platforms like Stockal, Vested Finance, Interactive Brokers or Winvesta to provide services to invest in global stocks.

Mumbai: Our craze for IPO subscription is not limited to Burger King or Mrs Bectors’ Food, but several thousand Robinhood investors were interested in subscribing to Airbnb’s initial share sale Stateside.But all of them were disappointed as none of the domestic brokerages or standalone platforms are currently allowing them to subscribe to US IPOs due to procedural issues.Unlike in India, IPOs in the US are allotted directly by the bankers mostly

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