Last updated 2 months ago
The process for completing a bid with Fresh Equities.
During a typical book-build there are three stages:
An indicative bid - investor confirms their eligibility and submits a bid.
Confirmation - investor confirms the bid, it is now firm and irrevocable.
Allocation & settlement - broker determines the allocation amount and presents the investor with a placement letter and settlement details.
Fresh works in the same way. Our platform is designed to reduce friction at each stage and make sure that all bidders can participate easily. Throughout this process you can monitor the status of your bid in the Profile section.
Step 1 : Indicative Bid
Fresh verifies your eligibility to participate in the deal and prepares your bid so it can be accepted immediately. The following details are collected as part of this process (the personal details in this list only need to be completed once, and can be managed at anytime via the Profile section):
Sophisticated/Professional investor check
Step 2: Confirmation Fresh will provide you with the term sheet and ask you to re-confirm the bid amount, this is now a firm bid.
Step 4 : Allocation & Settlement
Shortly after the deal closes the broker will notify you of your allocation, this will be part of a placement letter which will also include settlement and payment instructions.
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