When you submit a bid for IPO or Placement shares, you’re committing to buy those shares. If you want to delete a bid you’ve submitted, you must do this before bids close. This is because the allocation process starts as soon as bidding closes. Please note that the time and date for the closing of bids can be and often is brought forward by the company or lead manager at short notice.
To delete your bid before bidding closes:
Open your Stake app
Make sure you have ‘AUS’ selected in the top right of your screen
Select ‘Portfolio’ from the bottom menu
Select ‘Active orders’
Under ‘Active bids’, select the bid you want to delete
Tap the ‘Delete’ button and follow the prompts to confirm
If you wish to amend the amount of your bid, you’ll need to cancel your bid and place a new one with your amended bid, before bidding closes.
If you spot any issues or have feedback, please let us know by emailing capital-raises@hellostake.com
