For what we think of here’s our IG trading platform review.
This puts them in direct competition with established stock brokers like Barclays, TD Direct, Interactive Investors and Hargreaves Lansdown (compare stock brokers here)
Although it does put IG in a rather odd position as they provide the white label for HL Markets the spread betting and CFD brand for Hargreaves Lansdown.
Current IPOs available to IG clients are Global Ports Holding and PRS REIT and as with most brokers IG don’t charge a commission for taking part.
Brokers are usually paid a percentage of the money they raise by the corporate finance house on behalf of the listing company.
IG clients taking part in IPOs can split allocations between their share dealing account and ISA accounts.