1. What happens to my investment during an IPO?
When the company you invested in undergoes an Initial Public Offering (IPO) or public listing, the SPV you invested through will convert its private shares into publicly traded shares. These shares will then be transferred to your Bnk To The Future (BF) account in the public shares section. A corporate action fee, as outlined in our fee schedule, will apply to this process.
2. How do I access and manage public shares after an IPO?
To manage and sell your public shares, your account must be verified to at least Tier 1. You can manage your holdings directly on the platform by navigating to My Shares > Public Shares and selecting Request to Sell. Please note that shares are executed through our internal broker; you cannot transfer these shares to a personal brokerage account.
3. Do I directly own shares in the company after an IPO?
No, the shares are held indirectly through the corresponding Segregated Portfolio of Bnk To The Future Capital SPC, and you do not have direct ownership. After the IPO, the SPV will hold the listed shares with a designated custodian.Custody fees will be charged monthly in kind and deducted automatically each first of the month.
4. Can I sell my public shares?
Yes, you can submit sell requests directly through the platform interface, where you can specify exact percentages of your total balance to trade: 25%, 50%, 75%, or 100%. You have the option to place either Market Orders or Limit Orders.
Please be aware of the specific risks and timelines associated with your chosen order type:
Market Orders: Trade execution and settlement take an estimated 2-3 business days, and the final execution price may differ significantly from the initially quoted price due to market movements.
Limit Orders: Execution is contingent upon market conditions reaching your specified price, which may result in significant delays or the order remaining unfilled.
Your instruction is routed to our broker and executed via the SPC's brokerage account with BF Global IB MU on a first-come, first-served basis, in accordance with the broker's best execution policy. Brokerage fees, as outlined in our fee schedule, will apply to all sales.
5. Can I cancel my sell order?
Upon submission of your sell request and prior to signing the contract, you may cancel your order. However, please note that once the contract has been signed, the order becomes binding and cannot be cancelled.
6. How do I receive my funds after selling public shares?
Sale proceeds will first be received in USD in BF Global IB MU's brokerage account. BF Virtual Assets (BVI) will then convert your net USD proceeds into USDT at a 1:1 ratio. The USDT will be credited to your account and held securely in custody by BF Virtual Assets (BVI). Note: You accept that while USDT is designed to maintain a 1:1 peg with USD, market conditions can occasionally cause this ratio to fluctuate.
7. Are there any restrictions on selling public shares?
Yes. Following an IPO, shares are usually subject to a ~6-month lock-up period to prevent insider selling. There may also be additional restrictions imposed by the investee company’s bylaws or shareholder agreements. These could delay the sale of your shares. BF and its entities are not responsible for delays caused by these restrictions.
8. What additional fees should I expect during or after an IPO?
You may incur the following fees:
• Corporate Action Fee: Charged for the conversion of SPV shares to public shares.
• Custody Fees: Charged monthly for holding public shares with the custodian.
• Brokerage Fees: Charged when selling shares through the BF public shares broker.
• Holding Fees: If shares are held for extended periods, fees may be payable in shares or deducted from your account.
If your account balance becomes negative, assets may be liquidated to settle outstanding debts. These fees are detailed in our public shares fee schedule.
9. Is there a guarantee my investment will result in an IPO?
No, there is no guarantee that the company you invested in will achieve an IPO or become publicly tradable. Private equity investments are not readily marketable, and it may take a long time to realise a return, or none at all.
-updated 9th June 2026