Shares are typically allocated on the same day as the IPO. Once allocated, you can trade them at any time.
Please note our flipping policy: If you sell IPO shares within 90 days of the offering, it is considered "flipping," and you may be restricted from participating or receive a reduced allocation in future IPOs through Public. This policy helps maintain access to IPOs for all customers, as excessive flipping may cause underwriters to limit Public’s participation in future offerings.