Online trading company eToro plans to list two stocks going through IPO this week – $MQ (Marqeta Inc.) and $MNDY (Monday.com).

Availability will initially be ONLY for BUY direction with no leverage.

It is important to know that there are a few things that need to be in place before eToro can make these stocks available for investing:

  • The stock should be listed on the exchange after the Initial Public Offering. Typically, availability of stocks for investing after an IPO does not begin at the opening bell, only later in the “trading” session.
  • The liquidity providers need to have sufficient liquidity of the stock in order to allow eToro to open the asset for its clients. Until then, traders can add it to their watchlist.

Bearing the above in mind along with a combination of very high demand at eToro, it may take up to a few hours for access on the eToro platform after the expected IPOs.

The broker has been regularly expanding its offering. In May, it announced the addition of Squarespace stock to its offering. In April, the broker confirmed the addition of $PATH (UiPath Inc.) to the eToro platform.