For each deal, the Lead Manager or company issuing the shares sets a minimum bid amount. This is usually $2,000 for an IPO bid and $500 for a Placement bid.
Stake does not charge customers a brokerage fee to bid on IPO or Placement shares. Instead, in line with market convention, the Lead Manager typically pays Stake a commission, which equates to a small percentage of the amount of allocated bids. This commission is an additional amount paid by the Lead Manager to Stake, not charged to customers or taken out of customer bids.