What are the charges for investing via IPOs or new issues?

Most IPOs or new issues are distributed to retail investors via an Intermediary offer. Where AJ Bell Youinvest is appointed as an intermediary a commission will be paid to us by the company or their appointed agents and in this case our normal dealing charge will not apply.

If we do not receive any intermediary commission for an IPO or new issue then our standard online dealing charge will apply.

Please note there is no stamp duty or PTM levy payable for IPO applications.