Jaguar Land Rover (JLR) IPO: what you need to know
Discover how to get exposure to JLR – both before and after its initial public offering (IPO) – with the world’s No.1 provider of CFDs and spread bets.1
Call 0800 195 3100 or email newaccounts.uk@ig.com to talk about opening an account.
Why trade JLR's IPO with us?
Trade pre-IPO
Speculate on our exclusive grey markets, available before popular listings2
Speculate on JLR
Buy or sell JLR shares using our leveraged trading products
Buy JLR stock
Invest in JLR with a share dealing account
How to trade the JLR IPO
Before the listing
IG offers an exclusive range of grey markets, based on a prediction of a company’s market cap at the end of its first trading day. If available for JLR, you can:
- ‘Buy’ (go long) if you think the market cap will be higher than the price indicated
- ‘Sell’ (go short) if you think the market cap will be lower than the price indicated
After the listing
With IG, you can get exposure to JLR shares in the same way as you would with any other shares listed on the stock market. You can:
- Speculate on share price movements using CFDs and spread bets
- Buy and own shares via share dealing
What are grey markets and how do they work?
Grey markets enable traders to get exposure to a company before it lists on a stock exchange. When you decide to trade the grey market, you’re trading on the estimated market valuation of a company. The official valuation is only released after the first day of trading – and it is based on the demand shown by the market that day.
So, if you think a company’s market cap will be higher than the grey market price, you’ll ‘buy’. If you think it will be lower than the grey market price, you’ll sell.
Trading vs investing in JLR shares
Trading and investing are different in a number of ways. When trading JLR shares with us, you’ll use spread bets or CFDs to speculate on share price movements. Because you don’t own any underlying assets when trading, you'll speculate on both rising and falling prices. Further, spread betting and CFD trading could have various tax benefits.3
With us, you’ll trade spread bets and CFDs on leverage. You’ll only need a small deposit – known as margin – to open your position, while still getting exposure to the full value of the trade. Margin can have a big impact on the affordability of your trade, but both your possible losses and profits are magnified to the full value of the trade when you are trading on leverage.
Learn more about the impact of leverage on your trading
When investing in shares with us, you’ll buy and own physical shares using a share dealing account. You’ll need the full value of your investment upfront to open your position. As you’ll own the underlying asset, you can only make money if you sell your shares when the share price is higher than what you bought them for or the company happens to pay dividends. As a shareholder, you’ll also have voting rights.
If you sell your shares when the price per share is lower than the price you bought them for, you’ll incur a loss, with the maximum amount that you can lose capped at the full value of your investment.
Open a share trading account in minutes
*Demo accounts are only available for spread betting and CFD trading.
Open a share trading account in minutes
Fast execution on a huge range of markets
Enjoy flexible access to 15,000+ global markets, with reliable execution
Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app
Feel secure with a trusted provider
With 50 years of experience, we’re proud to offer a truly market-leading service
*Demo accounts are only available for spread betting and CFD trading.
Open a share trading account in minutes
Open a share trading account in minutes
Fast execution on a huge range of markets
Enjoy flexible access to 15,000+ global markets, with reliable execution
Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app
Feel secure with a trusted provider
With 50 years of experience, we’re proud to offer a truly market-leading service
How do IPOs work?
An IPO occurs when a company decides to start selling its shares to the public. Most companies list shares to raise capital to fund expansion, pay debts, attract and retain talent, or monetise assets.
First, an audit must be conducted – considering all aspects of the company’s financials. Then, the business has to prepare a registration statement to file with the appropriate exchange commission. If approved, the company will list a defined number of shares at a price set by an investment bank. The shares will be available for sale through the chosen stock exchange.
IPO trading and investing risks
There are always risks involved in trading and investing. IPOs come with additional risks. These include:
- Inadequate information regarding aspects that might impact a company’s share price, eg pending legal cases and no patent protection on intellectual property
- Lack of trading history, meaning that past performance cannot be taken into account in decision making
- Inflated market expectations that do not materialise
- Companies not meeting their target market cap
It’s vital that you have all the relevant information before you take any position. When trading or investing in IPOs, you’ll find useful information in company prospectuses, admission documents and more. Staying informed helps you avoid risks that could affect your trading or investment position.
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1 Based on revenue (published financial statements, 2023).
2 We do not offer grey markets on all IPOs.
3 Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.
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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Professional clients trading spread bets and CFDs can lose more than they deposit.
Options and futures are complex instruments which come with a high risk of losing money rapidly due to leverage. They’re not suitable for most investors. Before you invest, you should consider whether you understand how options and futures work, the risks of trading these instruments and whether you can afford to lose more than your original investment.
Trading stocks and shares ‘on margin’ within a US options and futures account – meaning that you only finance part of the cost of acquiring a position in a security – carries additional risks over buying securities on a fully funded basis and may result in losses exceeding your original investment. Trading on margin will also result in additional costs to you as the investor and any securities purchased using margin may be held as collateral by the lender, restricting both your rights as shareholder, and your ability to use the securities until the margin trade is closed. You should familiarise yourself with these risks before trading on margin.
The value of shares, ETFs and other ETPs bought through a share dealing account, a US options and futures account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Some ETPs carry additional risks depending on how they’re structured, investors should ensure they familiarise themselves with the differences before investing.
Share dealing and IG Smart Portfolio accounts provided by IG Trading and Investments Ltd, CFD accounts and US options and futures accounts are provided by IG Markets Ltd, spread betting provided by IG Index Ltd.
IG is a trading name of IG Trading and Investments Ltd (a company registered in England and Wales under number 11628764), IG Markets Ltd (a company registered in England and Wales under number 04008957) and IG Index Ltd (a company registered in England and Wales under number 01190902). Registered address at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA. IG Markets Ltd (Register number 195355), IG Trading and Investments Ltd (Register Number 944492) and IG Index Ltd (Register number 114059) are authorised and regulated by the Financial Conduct Authority.
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