This Risk Disclosure explains the principal risks of investing in pre-listing and newly listed shares through the Trient IPO Centre. It is important that you read and understand it before applying to any offering.
The information provided through the Service is general in nature. It does not take account of your personal circumstances, objectives or financial situation, and it is not a personal recommendation to invest. You are responsible for your own investment decisions. If you are unsure whether an investment is right for you, seek independent financial advice.
All investing involves risk. The price of shares can go down as well as up, and there is no guarantee you will get back the amount you invested. In the worst case, a company may fail and you could lose your entire investment.
Offerings available through the Service involve shares in companies that have not yet listed, or have only recently listed, on a public market. These carry particular risks:
Pre-listing shares are illiquid: there may be no ready market to sell them before or shortly after listing, and you may not be able to sell when you want to, or at all. Allocations may also be subject to lock-up periods during which you are contractually restricted from selling. You should be prepared to hold your investment for the medium to long term.
Registering interest does not guarantee you will receive an allocation. Offerings can be oversubscribed, scaled back, delayed or withdrawn. The final offer price, size and timing may differ from any indicative terms shown, and you are only charged for shares you are actually allocated.
Past performance is not a reliable indicator of future results. Any figures, forecasts or examples shown are illustrative only and are not a promise or projection of the return you will receive. Companies do not pay guaranteed dividends, and there is no assurance that a company will perform as expected.
Investing a large proportion of your capital in a single offering, sector or company increases your risk. Spreading your investments can help reduce, though not eliminate, the impact of any one investment performing poorly.
Some offerings are priced in a currency other than your home currency. Movements in exchange rates can increase or decrease the value of your investment and any proceeds when converted back into your own currency.
The tax treatment of your investment depends on your individual circumstances and may change. You are responsible for understanding your own tax position and for any tax due. Consider seeking independent tax advice.
Each offering has its own prospectus or offering documents setting out the specific terms, eligibility and risks. This Risk Disclosure is a general summary and does not replace those documents. Always read the relevant prospectus in full before applying.
