Australian retail investors finally break into Wall St’s exclusive deals

For the best part of a decade, Australian investors have watched from the sidelines as overseas traders generated a windfall from the blockbuster initial public offerings of Wall Street’s most hyped companies from Facebook – now known as Meta – to ridesharing giant Uber.

Participating in an overseas IPO has been an arduous and arguably pointless exercise for local retail traders: they needed to open a brokerage account in the United States and accept that any allocation of shares would be scaled back or simply unavailable as institutional investors got the first bite.

Source: https://www.afr.com/markets/equity-markets/australian-retail-investors-finally-break-into-wall-st-s-exclusive-deals-20260527-p6014y