How much can I invest in an IPO?

There is usually a minimum investment level of £1,000 but generally no maximum is imposed. However, there are normally a limited number of shares or bonds available. If the offer is oversubscribed, you might not be able to buy all the shares or bonds you want (this is known as being scaled back). If this happens the balance of money will be returned to your available cash balance once the investment amount has been confirmed.