May 29, 2026 – 11.53amFor 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.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Australian retail investors finally break into Wall St’s exclusive deals
Fed up with sitting on the sidelines, an army of traders this week gained access to the world’s hottest IPO in a sign of growing influence on capital markets.
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