{"componentChunkName":"component---utcom-root-cache-develop-unitedtraders-plugin-utcom-ideas-virtual-3-cfd-6-ad-207-node-modules-unitedtraders-plugin-utcom-ideas-dist-screens-idea-landing-index-js","path":"/investments/idea/limited/2466","matchPath":"/investments/idea/limited/2466/*","result":{"pageContext":{"matchPath":"/investments/idea/limited/2466/*","isIdeas":true,"i18nBundle":{"en":{"footer":{"Mobile Apps":"Mobile Apps","Available on the":"Available on the","Get it on":"Get it on","Social":"Social media","Sections":"Sections","Partnership":"Partnership","Traiding":"Trading","Contacts":"Contacts","Help":"Help","Telegram":"Telegram","Whatsapp":"WhatsApp","Email":"Email","Documents":"Legal","License agreement":"License Agreement","Risk Statement":"Risk Statement","Privacy policy":"Privacy Policy"},"links":{"app-store-link":"https://apps.apple.com/ru/app/united-traders/id1491324321","google-play-link":"https://play.google.com/store/apps/details?id=com.unitedtraders.mobile.investment","yt-link":"https://www.youtube.com/user/theunitedtraders","tg-link":"https://t.me/uttokenchannel","tw-link":"https://twitter.com/UnitedTraders_1","partnership-link":"https://partners.utex.io","traiding-link":"/trading/analytics","contacts-link":"/contacts","tg-bot-link":"https://t.me/ut_personal_manager_bot","whatsapp-link":"https://wa.me/79959221420","email-link":"mailto:welcome@unitedtraders.com","agreement-link":"/offer","risk-link":"https://investment-s3.unitedtraders.io/files/Risk_Statement_UT_Overseas_170918.pdf","privacy-link":"https://investment-s3.unitedtraders.io/files/privacy-policy_en.pdf"},"notFound":{"Oops Page not found":"Oops! Page not found","Error 404":"Error 404","Return or go to the main page":"Return or go to the main page","Open the main page":"Open the main page"},"tabbar":{"Feed":"Feed","Ideas":"Ideas","Case":"Portfolio","Help":"Help"},"submit":{"Cancel order":"Cancel order","Sorry, it is no longer possible to cancel the order":"Sorry, it is no longer possible to cancel the order","Are you sure you want to cancel the order":"Are you sure?","The order can be re-created until":"The order can be re-created until","You have already invested in":"You've already submitted your order to","Start of investment":"Start of investment","Order can be canceled until":"Order can be canceled until","Cancel order(ellipsis)":"Cancel order...","Please, log in or sign up to invest in {{name}}":"Please, log in or sign up to invest in {{name}}","Log In":"Log In","Sign Up":"Sign Up","Entry to the investment idea is still closed":"Entry to the investment idea is still closed","View more ideas":"View more ideas","On main dollar account":"On main dollar account","On main ruble account":"On main ruble account","Minimum entry amount":"Minimum entry amount","Add Funds (deposit)":"Add Funds...","This investment idea is no longer available New applications are not accepted":"This investment idea is no longer available. New applications are not accepted","Invest":"Invest","By price":"By price","The recommended minimum investment is $ 2000 — $ 6000":"The recommended minimum investment is $ 2000 — $ 6000","Risk":"Risk","When you apply for a small amount, theres a high chance":"When you apply for a small amount, there's a high chance that this amount won't be sufficient to buy even one share. In this event the money will just return to your account","Why it happens":"Why it happens","When a user submits an application for buying shares, it may be fulfilled":"When a user submits an application for buying shares, it may be fulfilled for 100% and for 1%. This percentage is equal for all investors","What to do":"What to do","We recommend you invest at least in the range of $ 2000 to $ 6000":"We recommend you invest at least in the range of $ 2000 to $ 6000 depending on the idea. The exact minimum amount is unknown to anyone until a company goes public","Add Funds":"Add Funds","Invest in {{name}}":"Invest in {{name}}","Hurray! Order received":"Hurray! Order received","Your order will be filled soon and you will be able to track the performance in My Investments section":"Your order will be filled soon and you will be able to track the performance in My Investments section","Go to my orders and investments":"Go to my orders and investments"},"ideaItem":{"stocks":"STOCKS","pre_ipo":"PRE-IPO","Current price":"Current price","Min Amount":"Min Amount","Earliest start":"Earliest start","Any time":"Any time","Invest from":"Invest from","Estimated Gains":"Estimated Gains","annually":"annually","Requests up to":"Requests up to","Fee":"Fee","Enter":"Enter","Leave":"Leave","Success":"Success","Company income":"Company income","Investment Period":"Investment Period","Go back or go to investments page":"Go back or go to investments page","Go to other ideas":"Go to other ideas","low risk":"low risk","medium risk":"medium risk","high risk":"high risk","Risk level":"Risk level","You risk losing a part of your investment amount":"You risk losing a part of your investment amount","Low":"Low","Low to 10%":"to 10%","Medium":"Medium","Medium 10−30%":"10−30%","High":"High","High More than 30%":"More than 30%","{{firstTierPercent}} of the profit from price growth up to {{price}} per share, and {{secondTierPercent}} of the profit from price growth above {{price}}":"{{firstTierPercent}} of the profit from price growth up to {{price}} per share, and {{secondTierPercent}} of the profit from price growth above {{price}}."},"ideasNavigation":{"ALL":"All Ideas","IPO":"IPO","PREIPO":"Pre-IPO","OTC":"OTC","Stocks and ETF":"Stocks and ETF"},"howItWorksArticles":{"More about investing in IPO":"More about investing in IPO","How investments in private companies at IPO stage work":"How investments in private companies at IPO stage work","How IPO investments work on United Traders platform":"How IPO investments work on United Traders platform","IPO Calendar":"IPO Calendar","IPO Results":"IPO Results","The risks of investing in IPO stocks":"The risks of investing in IPO stocks","More about investing in pre-IPO":"More about investing in pre-IPO","Pre-IPO investing ahead of everyone else":"Pre-IPO — investing ahead of everyone else","How investments in pre-IPO work":"How investments in pre-IPO work","How pre-IPO Investments on United Traders Platform Work":"How pre-IPO Investments on United Traders Platform Work","Direct ownership over private stocks via SPVs":"Direct ownership over private stocks via SPVs","Pre-IPO Results":"Pre-IPO Results","Investment risks in pre-IPO":"Investment risks in pre-IPO"},"metaTitle":{"/investments/idea":"Invest in {{name}}","default":"IPO, pre-IPO Calendar, shares, OTC | United Traders","/investments":"IPO, pre-IPO Calendar, shares, OTC | United Traders","/investments/ipo":"IPO 2021 Calendar, shares and investments in IPO | United Traders","/investments/otc":"OTC investment ideas","/investments/preipo":"Pre-IPO investment ideas"},"metaDescription":{"default":"Platform for investing in IPO, pre-IPO and international stocks listed on a stock exchange. Here you can create your own investment portfolio."},"noIdeas":{"title":"There are no {{category}} ideas now","description":"We regularly select best ideas and publish them on this page. If you have funds in your account, you will receive our email list on a regular basis","See current ideas":"See current ideas","No investment ideas":"No investment ideas","description_ipo":"Usually you see new ideas once every few days. If you have funds in your account, you will receive our email list on a regular basis"},"ideas":{"Best investment ideas":"Best investment ideas","Investments":"Investments","IPO investment ideas":"IPO investment ideas","OTC investment ideas":"OTC investment ideas","Pre-IPO investment ideas":"Pre-IPO investment ideas"},"exceptions":{"Invalid order trigger":"Something went wrong. Please refresh the page","Idea has procurement":"The investment idea is closed, no applications are being accepted. Please select a different idea","Order count threshold reached for selected idea":"Order count threshold reached for selected idea","Start date of idea expired":"Entry to the investment idea is closed","Buys are disabled- Usually this is temporarily and related to server work- Please try again later-":"Entry to the investment idea is closed"},"validator":{"minimum":"Should be at least {{minimum}}"},"what-is-pre-ipo":{"Allotment in IPO 7%":"Allotment in IPO ≈7%","Allotment in IPO 100%":"Allotment in pre-IPO — 100%","Examples of several IPOs and pre-IPOs":"Examples of several IPOs and pre-IPOs","Some investment ideas at pre-IPO":"Some investment ideas at pre-IPO","View current ideas":"View current ideas","How investments in private companies work IPO vs pre-IPO United Traders":"How investments in private companies work. From pre-IPO to IPO| United Traders","What pre-IPO means and how investments in private companies work":"What pre-IPO means and how investments in private companies work. Why investments in pre-IPO can be more profitable than IPO investments. A video about startups from Silicon Valley, created by United Traders. How United Traders received 100% share allotment in 2021.","Pre-IPO investing ahead of everyone else":"Pre-IPO — investing ahead of everyone else","One step ahead is an approach we take toward selecting new investment ideas for the United Traders platform":"“One step ahead” is an approach we take toward selecting new investment ideas for the United Traders platform. We keep track of new types of investments with high returns such as pre-IPO.","View current pre-IPO ideas":"View current pre-IPO ideas","What pre-IPO means":"What pre-IPO means","1-3 years":"1-3 years","Investment period":"Investment period","Pre-IPO investments mean investing in private firms several months or years prior to their listing":"Pre-IPO investments mean investing in private firms several months or years prior to their listing.","We select":"We select","the best companies from Silicon Valley which have basically set the groundwork":"the best companies from Silicon Valley which have basically set the groundwork for becoming publicly-traded within the next 1-3 years. These companies may be larger than many publicly-traded ones and come with a valuation of over $1 billion.","from $10":"from $10","Minimum amount":"Minimum amount","Until so far such pre-IPO investments have been accessible only to major investors":"Until so far such pre-IPO investments have been accessible only to major investors, the entry threshold was from $10 million. We at United Traders made pre-IPO investing possible for everyone. The minimum investment is from $10.","How investments in pre-IPO work":"How investments in pre-IPO work","Pre-IPO companies vs publicly-traded ones":"Pre-IPO companies vs publicly-traded ones","The chart shows the value growth":"The chart shows the value growth","200 private technology companies (pre-IPO)":"200 private technology companies (pre-IPO)","40 private companies in UTs portfolio":"40 private companies in UT's portfolio","Overall, young private companies grow at a faster pace than major publicly traded ones":"Overall, young private companies grow at a faster pace than major publicly traded ones.","Pre-IPO vs IPO":"Pre-IPO vs IPO","The chart shows a better profit from pre-IPO investing due to a lower entry price":"The chart shows a better profit from pre-IPO investing due to a lower entry price","Return from pre-IPO":"Return from pre-IPO","Return from IPO":"Return from IPO","Percentage of applications fulfillment":"Percentage of applications fulfillment","Share allotment means the percentage of share allotment you get with your application":"Share allotment means the percentage of share allotment you get with your application. The more people subscribe to an investment, the fewer shares can be sold to every one of the investors who has joined. For instance, if you apply for $1,000, and the share allotment is 10%, you eventually get shares for only $100, the rest $900 will return to your account.","In 2020 the share allotment for IPO investment ideas has been about 7%":"In 2020 the share allotment for IPO investment ideas has been about 7%. The share allotment for pre-IPO investments is 100% since the buy-in process is different."},"articles":{"Other articles":"Other articles","IPO Investments":"How investments in private companies at IPO stage work","IPO with UT":"How IPO investments work on United Traders platform","IPO Calendar":"IPO Calendar","IPO Results":"IPO Results","IPO Risk":"The risks of investing in IPO stocks","Pre-IPO investing ahead of everyone else":"Pre-IPO — investing ahead of everyone else","How investments in pre-IPO work":"How investments in pre-IPO work","How pre-IPO Investments on United Traders Platform Work":"How pre-IPO Investments on United Traders Platform Work","Direct ownership over private stocks via SPVs":"Direct ownership over private stocks via SPVs","Pre-IPO Results":"Pre-IPO Results","Investment risks in pre-IPO":"Investment risks in pre-IPO"},"pre-ipo-spv":{"Sign up or sign in to get an offer":"Please log in or register to receive an offering","Login":"Log In","Registration":"Sign Up","Get an offer":"Get an offer","Request has been submitted":"Your order has been forwarded","Manager will contact you soon by email, set phone in ut passport":"Our manager will contact you soon. If you haven’t provided your phone number upon registration, please do it now at UT Passport, or we will email you.","Manager will contact you soon by phone":"Our manager will contact you shortly by phone","Open UT Passport":"Open UT Passport","Close":"Close","Investments in pre-IPO stocks via SPV | United Traders":"Investments in pre-IPO stocks via SPV | United Traders","How an SPV is structured and how can you buy stocks of private companies at the pre-IPO":"How an SPV is structured and how can you buy stocks of private companies at the pre-IPO stage. Direct ownership over stocks and processing a transaction in compliance with the US law. Investing in promising companies with United Traders.","Direct ownership over private stocks via SPVs":"Direct ownership over private stocks via SPVs","The easiest and fastest way for investors":"The easiest and fastest way for investors","to pool funds in private companies":"to pool funds in private companies","Water park Little Island":"Water park Little Island,","New York, USA":"New York, USA","Transactions via SPV protect capital in the absence of intermediary counterparties":"Transactions via SPV protect capital in the absence of intermediary counterparties, they get registered under the US law and prove a help to United Traders when it comes to looking for promising private stocks. Investments are currently available with at least $50,000.","What an SPV means":"What an SPV means","A special purpose vehicle (SPV) is a legal investment fund":"A special purpose vehicle (SPV) is a legal investment fund created by a limited liabilities company in the U.S. to make investments as a single vehicle.","Delaware is appealing for organizing transactions through an SPV":"Delaware is appealing for organizing transactions through an SPV in the absence of capital gains tax.","Investments targeted by an SPV include real estate, finished or under construction, stocks, or any other assets":"Investments targeted by an SPV include real estate, finished or under construction, stocks, or any other assets.","An SPV can have an unlimited number of qualified investors and up to 35 unqualified investors":"An SPV can have an unlimited number of qualified investors and up to 35 unqualified investors.","The legal entity that creates an SPV cannot claim assets within this SPV but doesnt bear any responsibility owed to an SPV":"The legal entity that creates an SPV cannot claim assets within this SPV but doesn’t bear any responsibility owed to an SPV.","An SPV is serviced by the Organizer, who gathers investors and finds investment targets":"An SPV is serviced by the Organizer, who gathers investors and finds investment targets, and the Manager, who facilitates paperwork and accounting.","SPV with United Traders":"SPV with United Traders","We create a separate SPV for each transaction":"We create a separate SPV for each transaction involving private stocks. We invite investors to join and accompany them at all stages of the transaction.","Fund Organizer subtitle":" ","Fund Organizer":"Fund Organizer","The organizer analyzes the private equity market and finds a potential target":"The organizer analyzes the private equity market and finds a potential target — stocks. He then initiates the process of SPV creation, facilitates negotiations with counterparties on prices and transaction size. Within the SPV, the organizer appears as a natural person. In our case, this person is a United Traders representative.","Series LLC":"Series LLC","A Series LLC is a type of limited liability company that allows the establishment":"A Series LLC is a type of limited liability company that allows the establishment of multiple SPV entities in its structure. To provide the service in compliance with the US law, we turn to professional SPV fund administrators who already have their own Series LLC. One of them is Assure, the owner of Series LLC “Assure Labs 2021 LLC, Delaware”.","SPVs Manager":"SPV’s Manager","At the request of the organizer, the manager registers an SPV fund":"At the request of the organizer, the manager registers an SPV fund, gets a tax number, opens a bank account, creates documents to gather investors, ensures compliance with KYC procedures, keeps accounts and manages workflow. We work with professional SPV fund administrators. Our fund managers are often individuals that represent Assure Fund Management.","SPV participants":"SPV participants","Investors":"Investors","Investors who agree to join the transaction deposit capital into a bank account":"Investors who agree to join the transaction deposit capital into a bank account. When the manager collects the required amount of money, he transfers the money to the seller of stocks, as specified by the organizer of the SPV. In this way, every investor co-owns the share of stocks acquired by the fund in proportion to the amount of the money they have deposited.","Private stocks":"Private stocks","After making a transaction, the balance of each SPV contains private shares":"After making a transaction, the balance of each SPV contains private shares owned by investors. Often, the SPV organizer (United Traders) finds an opportunity to buy preferred shares rather than common shares to render the selling price more lucrative for SPV participants under many exit scenarios.","How to invest in pre-IPO via SPV":"How to invest in pre-IPO via SPV","Transaction opening steps":"Transaction opening steps","Offer":"Offer","United Traders makes an investment proposal on behalf of the fund":"United Traders makes an investment proposal on behalf of the fund, which contains basic information about the investment target.","View samples of agreements":"View samples of agreements","Signing documents":"Signing documents","1–2 days":"1–2 days","The investor signs basic documents that specify the terms of the investment":"The investor signs basic documents that specify the terms of the investment, his rights and obligations as an investor. United Traders checks these documents.","Assure creates and administers an SPV fund":"Assure creates and administers an SPV fund","KYC":"KYC","An investor receives an invitation to use the personal account":"An investor receives an invitation to use the personal account of Assure fund administrator to pass the Know Your Customer procedure — client’s identity verification. KYC compliance requires you to provide: full name, email, phone number, individual tax number, a scan of your passport, confirmation of your registration address, and the bank details which will be used for making a transfer to the SPV.","Atlantic Capital is a bank all United Traders SPVs work with as of June 2021":"Atlantic Capital is a bank all United Traders’ SPVs work with as of June 2021.","Transfer of investment funds":"Transfer of investment funds","After passing KYC, the bank account details of the SPV":"After passing KYC, the bank account details of the SPV can be viewed by the investor. Money must be transferred from the bank account you enter upon passing KYC.","SEC (The Securities and Exchange Commission) is a US government agency responsible for regulating the securities markets":"SEC (The Securities and Exchange Commission) is a U.S. government agency responsible for regulating the securities markets.","ROFR procedure":"ROFR procedure","20-50 days":"20–50 days","Once all investors money is collected in the SPVs bank account, ROFR — Right of First Refusal procedure applies":"Once all investors’ money is collected in the SPV’s bank account, ROFR — Right of First Refusal procedure applies. The SPV must pass ROFR before the company approves the transaction. However, in rare cases, the company can buy back the stocks the SPV has targeted as the former can exercise its right. In this case, the money returns to investors or the SPV offers them alternative conditions for their purchase.","Alerting SEC":"Alerting SEC","7 days":"7 days","Once the ROFR is passed, the transaction is closed":"Once the ROFR is passed, the transaction is closed. And finally, the SPV notifies the SEC about the successful transaction.","Transaction is made":"Transaction is made","Once the SEC is notified about the transaction, the SPV is considered to be the sole":"Once the SEC is notified about the transaction, the SPV is considered to be the sole owner of the stocks, and investors are entitled to the stocks in proportion to their ownership share in the SPV.","Transaction closing steps":"Transaction closing steps","As a rule, you need to wait 1 to 3 years before you see our investment ideas are realized":"As a rule, you need to wait 1 to 3 years before you see our investment ideas are realized. There can be three fundamentally different scenarios when it comes to an investment in private stocks: successful, neutral, and unsuccessful.","An M&A deal is not necessarily a positive scenario":"An M&A deal is not necessarily a positive scenario. If the company proves unsuccessful, it may be taken over at a low valuation.","Successful scenarios IPO, direct listing, SPAC deal, M&A deal":"Successful scenarios: IPO, direct listing, SPAC deal, M&A deal","As soon as it becomes possible to sell, the SPV sells the stocks":"As soon as it becomes possible to sell, the SPV sells the stocks and receives the money into the bank account. The money is then distributed among the SPV’s investors according to their original shares.","Early exit":"Early exit","You can exit the investment at any time after the opening of a transaction":"You can exit the investment at any time after the opening of a transaction. In this case, the investor’s share is sold to another investor in the private equity market.","If exit is initiated by the funds organizer, he has to get the consent of the majority of investors":"If exit is initiated by the fund’s organizer, he has to get the consent of the majority of investors (their shares in the SPV must exceed 50%). Moreover, the US law presupposes the “best effort” commitment: the SPV’s organizer can close an investment only if it benefits investors.","Exit at the investors initiative is possible if the investor or the organizer has interested parties vying":"Exit at the investor’s initiative is possible if the investor or the organizer has interested parties vying for his share in the SPV. In this case, the organizer is not obliged to look for a new investor or buy back the share at his own expense.","The early exit scenario can be either positive or negative":"The early exit scenario can be either positive or negative, depending on the stock price in the private equity market.","Bankruptcy":"Bankruptcy","However theres always a chance that a startup may fail to take off":"However, there’s always a chance that a startup may fail to take off. A company may turn out unsuccessful and go bankrupt. This is the main risk of investing in a private company. In the event of bankruptcy, investors lose all or most of their money.","Commissions":"Commissions","Fee on management":"Fee on management","4,9%, paid on top of the investment amount":"— 4.9%, paid on top of the investment amount","Fee on profit":"Fee on profit","10% of net profit":"— 10% of net profit. Charged at the closing of investment, after the rest of the commissions are paid","Related expenses":"Related expenses","are paid additionally depending on the exit procedure":"are paid additionally depending on the exit procedure. For example, broker’s commission if a company goes public or due diligence costs if an M&A deal occurs","Capital gains tax":"Capital gains tax.","SPV is created within an LLC company":"SPV is created within an LLC company that is registered in the state of Delaware, USA. This exempts an investor from paying capital gains taxes in the US but does not exempt him from paying taxes in the country where he is a resident.","Examples of transactions with United Traders":"Examples of transactions with United Traders","Net profit including commission fee is shown for completed deals":"Net profit including commission fee is shown for completed deals","Company":"Company Name","Start - finish":"Start — finish","Entry price":"Entry price","Current price":"Current price","Profit and loss":"Profits and losses","Profit":"Profits"},"ipo-calendar":{"Q{{quarter}}":"Q{{quarter}}","year":"year","Unknown yet":"So far unknown","IPO date":"IPO date","Invest button":"Invest","Consider button":"Pending","Analytics department evaluates the company":"The analytics team assesses a company. A company as an investment idea is posted to the website if it gets a good assessment from us and we are able to join the offering.","Company stage":"Company name, stage","Activity":"Specialization","Expected IPO date":"Expected IPO date","IPO Calendar 2020 United Traders":"IPO Calendar 2021 | United Traders","Which companies plan to go public in 2020 Expected IPO dates and companies selected by United Traders experts":"Which companies plan to go public in 2021. Expected IPO dates and companies selected by United Traders experts. A calendar of stocks at the pre-IPO stage.","IPO calendar":"IPO Calendar","Monitoring of companies conducting an IPO":"Monitoring of companies that go public","Georgy Yuriev":"Georgy Yuriev,","Financial analyst at United Traders":"United Traders financial analyst","Here we place the companies that have filed S-1 form for review and will soon have to go for an IPO":"This section shows the companies that have filed an SEC Form S-1 and are expected to go public in the near future. We analyze all of them, select the best, post information about their potential return and risks and provide access to investing.","View current IPO ideas":"View current IPO ideas","IPO dates are approximate":"IPO dates are approximate, plus or minus 7 days","Companies in the Pre-IPO stage":"Companies at Pre-IPO stage","Companies that do not go public yet":"These companies are not yet going public but demonstrate all the signs of doing so within 1-3 years. You can already invest in them at the","Pre-IPO link":"pre-IPO","or earlier":"stage or earlier."},"ipo-investments":{"Members founders-invest-funds 1":"Founders and investment funds","Members founders-invest-funds 2":"decide to do an IPO","Members directors 1":"Executives","Members directors 2":"improve business indicators and prepare the report","Members underwriters 1":"Underwriters","Members underwriters 2":"help attract investors","Members regulator 1":"Regulator","Members regulator 2":"approves the filing based on the report","Members managers 1":"Managers","Members managers 2":"arrange a roadshow for major investors","Members investors-at-ipo-stage 1":"Investors at the IPO stage","Members investors-at-ipo-stage 2":"buy stocks on a subscription basis","Members exchange 1":"Exchange","Members exchange 2":"forbids early investors from selling to prevent price fall","Members investors-on-the-exchange 1":"Investors at exchange","Members investors-on-the-exchange 2":"buy shares since they couldn’t do it earlier → price grows","Investments in stocks and IPOs 2021 Calendar United Traders":"Investing in stocks and IPO in 2021 | United Traders","What is an IPO and how companies go public Why does the companies management need to conduct an IPO":"What “IPO” means and how companies become public. Why a company’s management decides to make an IPO. Participants in the process: investors, underwriters and regulators. What share allotment means.","How investing in stocks of companies at the IPO stage works":"How investments in private companies at IPO stage work","Ivan Yufryakov":"Ivan Yurfyakov,","Product Manager United Traders":"United Traders product manager","IPO investment is one of the most popular types of investment ideas on the United Traders platform":"IPO investments represent one of the most popular types of investment ideas on the United Traders platform. You will find this article helpful if you want to understand why they have the potential of delivering such attractive returns and to be ready for changes in the work of these ideas.","IPO Result text":"The chart shows the results of the investments in every IPO we offer. The results shown include commissions.","What is IPO subtitle":"Private and public companies","What is IPO title":"What IPO means","What is IPO aside text 1":"Apple, Facebook, Coca-Cola are some of the well-known publicly listed companies","What is IPO aside text 2":"SpaceX, DigitalOcean and Coursera are some of the well-known privately held companies","What is IPO text 1":"But first, let us give you a traditional definition of an IPO.","What is IPO text 2":"IPO (Initial Public Offering) describes the process by which a company initially offers its shares to the public. Usually, such offerings are accomplished through stock exchanges, and that’s where “initial public offering” derives its name from.","What is IPO text 3":"A company (stock seller) goes public to raise funds for growth initiatives, while investors in the company at this stage expect income in the form of dividends or profit from stock growth.","What is IPO text 4":"Before a company goes public, it is seen as private and its shares belong to its owners, employees and early investors. The shares of such companies don’t trade on exchanges, but they can be bought in the over-the-counter market. After a company becomes public, its shares are listed on an exchange.","Reasons for the profitability":"Why IPO investments are profitable","Reasons for the profitability text":"There are two reasons why IPO investments are profitable:","Reasons for the profitability list item 1":"The participants involved in the IPO procedure and their motivation.","Reasons for the profitability list item 2":"The right understanding and use of the knowledge you get from the first item.","Members and motivation in the IPO process":"The participants involved in IPO procedure and their motivation","Company title":"Company","Company text 1 pt 1":"IPO is done by a company. At first glance, it is supposed to be the main participant of the IPO process. This company","Company Link text 1":"has been growing for many years","Company text 1 pt 2":" and now has reached one of the key milestones in its development.","Company text 2":"But we won’t consider it a participant!","Company text 3":"The way we see it, a company doesn’t have any motivation per se since it basically hides its management and stakeholders’ interests.","Founders title":"Founders","Founders item bold text":"Founders","Founders item normal text":"raise funds for growth opportunities","Founders text 1":"They became owners on the day they set up a company. They, as a rule, are its largest stakeholders.","Founders text 2":"Founders are guided by the only motivation — to raise money to fund their company’s growth initiatives. To raise money in a way as to keep investors interested enough to attract their funding in the future. This can be accomplished if the shares of this company will be growing steadily.","Founders text 3":"However, founders may have another motivation — to sell a portion of shares, rewarding themselves for having been in business for decades.","Founders text 4":"As a rule, founders don’t only own shares, they also actively participate in its management, so naturally, they decide whether this company is going public or not.","Invest funds title":"Investment funds","Invest funds item bold text":"Investment funds","Invest funds item normal text":"look for stock buyers","Invest funds aside 1":"We could mention minor investors here who invested money in the over-the-counter market (see","Invest funds aside Link":"our article","Invest funds aside 2":") since their motivation is very similar to that of the funds, but their share is negligibly small, and so is their influence on the processes, and this is the reason we won’t be considering them further.","Invest funds text 1":"Investment funds joined over the years the company has been in business: they backed its growth initiatives in exchange for a portion of its shares.","Invest funds text 2":"An investment basically represents the fund’s investors and its management. And all of them got together as part of a fund with the only purpose — to make money from money. But this requires them to look for buyers.","Invest funds text 3":"A fund doesn’t always plan to sell shares at IPO or immediately after it, funds need to sell shares at any moment. It’s much easier to find buyers on exchanges than in over-the-counter markets. As a result, such funds are interested in companies going public, but they have an even bigger interest in the share price remaining high after IPO.","Invest funds text 4":"When it comes to deciding on an IPO and choosing an IPO date, funds may exercise enormous influence on founders. Of all stakeholders, they have the most experience of raising funding.","Company management title":"Company’s management","Company management item bold text":"Executives and managers","Company management item normal text":"improve business indicators and prepare the report","Company management aside text 1":"Once a company files an S-1 form, it’s usually 20 to 30 days until it goes public.","Company management text 1":"Founders aside, the key people in the IPO process are CEO and CFO. Their task is to prepare all the financials and reports in compliance with a regulator’s demands.","Company management text 2":"In the end, a company must submit the so-called S-1 form, disclosing all the financials of its dealings over the past years prior to its initial public offering. The purpose of this form is to provide investors with the key information to help them make informed decisions about whether to buy the company’s shares on an exchange or not.","Company management aside text 2":"Describing business opportunities is quite a formalized procedure. Exchange-traded companies do not only issue quarterly reports but also follow them with an informal report to investors called “company guidance”, detailing its projections of revenue in the near future.","Company management text 3":"However, reports alone can get you only so far. In reality, a company needs to demonstrate great results and business opportunities.","Company management text 4":"And this is where the company’s top management steps in. Once a decision is made to go public, IPO takes place within 1 to 3 years. During this time, the company’s managers try to show maximum results in their key business areas and to take the minimum risk, shaping a positive picture of their company’s future.","Company management text 5":"When it comes to managers, the key thing is stock options. All the key personnel at a company have stock options and can exercise them on stocks, netting some good money. As a rule, this money is many times more than their salaries, and therefore IPO represent a powerful incentive for them. Few of them want to sell everything at once, so managers are also interested in stocks growing post-IPO.","Underwriters subtitle":" ","Underwriters title":"Underwriters","Underwriters item bold text":"Underwriters","Underwriters item normal text":"help attract investors","Underwriters text 1":"IPO underwriters are typically major investment banks who help companies in their IPO process. They consult managers and stakeholders through all stages: starting from financials and ending with major sales ahead of IPO.","Underwriters text 2":"These banks’ customers are some of the wealthiest people in the world. And the company’s management team makes stock sales pitches to them — roadshow. They travel to different locations and make presentations promoting their business and stock growth prospects.","Underwriters text 3":"Often a considerable part of the underwriter’s services is paid in the form of stocks, and therefore underwriter has the biggest interest in a successful IPO for the company.","Underwriters text 4":"Everything that will happen to stocks post-IPO is of huge importance to the underwriter. Stock growth post-IPO will demonstrate the success of IPO, leading to new companies as clients.","Regulators title":"Regulators","Regulators item bold text":"Regulator","Regulators item normal text":"approves the filing based on the report","Regulators text 1":"Regulatory agencies across countries and spheres serve the only purpose: to maintain order and a sense of justice and, as a result, political stability.","Regulators text 2":"SEC (the Securities and Exchange Commission) is no exception. That is why SEC seeks to ensure that only vetted companies become listed on an exchange. They standardize and review the documentation that companies are required to submit in anticipation of an IPO. This documentation is issued to make sure that the company is honest with its investors and has provided the necessary information for informed decision-making.","Regulators text 3":"In the end, SEC is just as interested in share price stability after IPO as the rest of the participants of the process.","Exchanges title":"Exchanges","Exchanges item bold text":"Stock exchange","Exchanges item normal text":"forbids early investors from selling to prevent the stock price from dropping","Exchanges text 1":"A stock exchange is a marketplace where stocks are traded. More precisely, this is an organization that creates and maintains all the terms for selling and buying stocks. An exchange used to require a physical location and strict rules of interaction among the participants. Nowadays exchanges are more about powerful server capacities and user-friendly interfaces.","Exchanges text 2":"Stock exchanges make money through commissions on trades for stocks made by a huge number of investors. An exchange charges an investor for every transaction of this type. If an investor is content, he will make more and more transactions and bring more and more money for the exchange. And the investor is happy only on one condition — if the share price is growing!","Exchanges text 3":"Customers of stock exchanges can be divided into two types: private and institutional.","Investors title":"Private investors","Investors item bold text":"Investors at an exchange","Investors item normal text":"buy shares because they couldn’t do it earlier → the share price grows","Investors text 1":"These are individuals who possess varying degrees of investment experience and understanding of how exchanges work. They have access to stock exchanges through chains of intermediaries. They are also called retail investors.","Investors text 2":"To a large degree, they are the reason why IPO happens. Practically everywhere in the entire world massive investments in stocks are possible only at exchanges. This means that millions and millions of people can’t invest in stocks of companies that haven’t yet gone public.","Institutional Investors":"Institutional investors","Institutional Investors text 1":"Institutional investors represent organizations that make their money from stock price growth. Of them, we are interested in those who can’t invest anywhere except on exchanges for one of the reasons:","Institutional Investors list item 1":"Their investment strategy implies the possibility of selling at any time, and this can be done only at an exchange.","Institutional Investors list item 2":"Regulators’ restrictions on a stock purchase. As a rule, such restrictions apply to funds that collect money for investments from retail investors. Pension funds would be the most typical example here.","Motivation of the participants":"Participants’ motivations","Motivation of the participants text 1":"Now that we know all the participants of the roadshow, let’s look at how they do an IPO and make it succeed.","Motivation of the participants list item 1":"Executives, founders and funds that have invested in a company at the early stage, are getting it prepared for IPO.","Motivation of the participants list item 2":"An underwriter joins at the last stage of preparations.","Motivation of the participants list item 3":"This company files with the SEC and can now be tracked in the IPO calendar. SEC gives the green light to the company as a government regulatory agency responsible for protecting investors.","Motivation of the participants list item 4":"The underwriter helps with a promotion campaign (roadshow).","Motivation of the participants list item 5":"The underwriter gathers orders for buying the company’s stocks from those who have seen presentations in the roadshow.","Motivation of the participants list item 6":"It is up to the underwriter to decide to whom and how many stocks will be sold and at what price.","Motivation of the participants list item 7":"A stock exchange supports it, forbidding from selling securities in the first trading months, and especially from opening short positions (short-selling).","Motivation of the participants list item 8":"Institutional and retail investors buy stocks at an exchange.","Motivation of the participants list item 9":"Nobody makes disruptive, sudden moves, and shares steadily grow.","Motivation of the participants aside text":"Share allotment refers to the percentage of allocation of shares granted by an underwriting firm during an IPO. The increasing popularity of IPO investments causes allotment to decrease every year. This tendency will continue in 2021.","Motivation of the participants 1":"An underwriter’s key role in this process is to generate as much interest with investors as possible, yet to leave unsatisfied demand! Therefore only a part of demand becomes satisfied.","Motivation of the participants 2":"The first trading day’s price is often higher than the price at which the investors bought the shares at the IPO. This occurs if everyone keeps to the long-term perspective.","Motivation of the participants 3":"The above-described process triggers the “built-in protection” of IPO investments from a crisis. A crisis means is a lack of desire to buy stocks at an exchange on the part of private and institutional investors. When there’s no desire to buy, IPO can’t happen. This was the case during the COVID-19 pandemic throughout 2020.","Negative example":"An example of a negative scenario","Negative example text 1":"To better understand the advantages of the approach above, let’s look at an alternative where none of the participants is interested in share price growth:","Negative example list item 1":"An underwriter is motivated to gather the maximum volume of investments in the company possible and is not worried about the stock price’s future.","Negative example list item 2":"He or she collects orders for IPO.","Negative example list item 3":"He gives as many shares to anyone as he wishes to buy them and at the maximum possible price, without leaving unsatisfied demand.","Negative example list item 4":"Now stocks start trading on an exchange, but there’s no one to buy them — their price after IPO tumbles.","Negative example text 2":"This happens when the participants are focused on the outcome for a certain IPO, and not on the long-term perspective for all participants in the process. All this makes an underwriter the orchestrator of an IPO process and stock price movements in the first months following it.","How to use the information":"How to use information about IPO participants and their motivations","How to use the information text 1":"Such complex, overlapping motivations are present among participants in the U.S. and Silicon Valley, which is why we predominantly invest in companies from this region.","How to use the information text 2":"The effect from participants’ activity is most powerful in the first months following the IPO. This is the reason we invest up to 3 months, no longer. A longer investment period would indicate a stock market investment, not an IPO investment.","How to use the information text 3":"Investment is sort of a medium-term trading strategy based on a specific balance of power at a certain point in the lifecycle of a company and the attendant sustained upward tendency toward share growth post-IPO.","From investments at the IPO stage to pre-IPO":"From IPO investments to pre-IPO","View current pre-IPOs United Traders":"View current pre-IPO investments","View investment ideas from United Traders":"View United Traders investment ideas","From investments at the IPO stage text 1":"The long-term success of IPO investments lies not only in grasping the current situation but also in being aware that one day the market will change and such investments will no longer be so profitable. We see these changes already today.","From investments at the IPO stage text 2":"In the first place, they have to do with the fact that large investment funds invest in stocks in the early stages of companies’ development and are unwilling to share profits with those who earn their money from IPOs. Hence the tendency: companies postpone IPOs for longer periods and remain private. Meaning that their price is raised as much as possible before an IPO, and at the IPO they are sold at maximum prices to private investors: directly or through institutional investors who represent their interests at a stock exchange.","From investments at the IPO stage text 3":"The next step is a direct listing process that doesn’t involve an underwriter who organizes the IPO. Recently the IPO calendar has seen a growing number of companies that organize listings on their own. More often than not, these are well-known companies that can attract investors because of their household name. Spotify went public in 2018 through a direct listing, Slack did in 2019, Palantir and Asana — in 2020. Analysts expect more direct listings in 2021.","From investments at the IPO stage text 4":"In the end, IPO investments will no longer bring big profits since immediately after IPO the stock price will fall.","From investments at the IPO stage text 5 pt 1":"This conundrum can be resolved by investing in companies in the early stages of their development, such as ","From investments at the IPO stage Link text 5":"pre-IPO","From investments at the IPO stage text 5 pt 2":", or even earlier, those that trade over-the-counter.","From investments at the IPO stage Link 1 text 6":"Invest in IPO","From investments at the IPO stage text 6 pt 1":" with us and diversify your portfolio by adding such investments as ","From investments at the IPO stage Link 2 text 6":"pre-IPO","From investments at the IPO stage text 6 pt 2":"and ","From investments at the IPO stage Link 3 text 6":"OTC"},"navigation":{"IPO investments":"IPO investments","IPO with UT":"IPO with United Traders","IPO calendar":"IPO Calendar","IPO Results":"IPO Results","Risks":"Risks","What is Pre-IPO":"What pre-IPO means","Pre-IPO in Silicon Valley":"Pre-IPO in Silicon Valley","Pre-IPO on UT platform":"Pre-IPO on UT platform","Pre-IPO via SPV":"Pre-IPO via SPV","Pre-IPO Results":"Pre-IPO Results","Pre-IPO Risks":"Risks"},"ipo-with-ut":{"An example of a positive and negative result":"Examples of a negative and positive result","Positive Zoom":"Positive: Zoom","Negative SelectQuote":"Negative: SelectQuote","Submission of idea and acceptance of applications":"Releasing an investment idea and applications acceptance","Zoom filed an application in April 2019":"In April 2019 Zoom filed with the SEC and could be tracked in the IPO calendar. We evaluated the company and made a decision to participate in the investment, and the company was posted to the United Traders platform.","Fragment of an investment idea card on the platform (Zoom)":"Zoom card on UT platform","You can participate until 19,00 April 17":"You can join until April 17, 19:00 (UTC+3)","Waiting for the start":"Expected start","After the IPO application is completed":"After an order for IPO is processed, a user will see the investment order card with the current status and expected IPO date in his portfolio.","Application card in the investors personal account":"Order card in investor’s account","IPO Date April 18":"Scheduled IPO date: April 18","Trading starts 11,30 New York time":"Trading starts: ≈11:30 a.m. New York Time Zone","Application amount $ 800 ":"Submitted amount: $800","Distribution of shares among investors":"Distribution of shares among investors","A few hours before the start of trading shares are distributed among investors":"A few hours before trading starts, shares are distributed among investors, and only at this point does the share allotment and final price per share become known. If an allotment is less than 100%, the remaining funds in investor’s order will return to him.","Example of a letter sent to investors by email":"Example of an email we sent to investors","United Traders sends a letter to each investor with information":"United Traders sends an email with the order details to every investor.","Allocation 72%":"Allotment: ≈72%","Shares bought 16":"Shares bought: 16","Price per unit $ 36":"Price per share: $36","More information on investment is available":"More information on the investment is available in the corresponding card in user’s personal account.","Amount of investment 576":"Investment amount: $576","Entry fee $ 3 $ 17,28":"Entry fee: 3% = $17.28","Debited from the account $ 593,28":"Debited from account: $593.28","Refunded $ 206,72":"Returned to account: $206.72","Start of trading change in the share price":"Trading start, share price change","We are waiting for the end of the lock-up period":"We wait until the lock-up period expires (≈3 months). A share price change will be shown in user’s account. A month after IPO a user can exit early, but the share price is growing, so it makes sense to wait for the scheduled completion of the investment.","Investment card in the investors personal account":"Investment card as shown in investor’s United Traders account","Automatic completion of the investment":"Automatic closing of investment","The money is returned to the account":"The invested money returns to your account, including the profit you’ve made, minus the commissions.","End of the lock-up period July 22, 2019":"Lock-up period expires: July 22, 2019","Total share price $ 1 505,92":"Total shares price: $1 505.92","Exit Commission 1,75% $ 26,92":"Exit fee: 1,75% = $26.92","Profit commission 20% 177,26":"Profit fee: 20% = $177.26","Cash out $ 1 302,31":"Credited to account: $1, 302.31","Profit 123,1% $ 709,03":"Profit: +123,1% = $709.03","Completed investment idea card in the investors personal account":"A completed investment card as shown in investor’s account","SelectQuote appears on the calendar in May 2020":"In May 2020 SelectQuote was put on the calendar of coming IPOs. We made a decision to join the investment, and the company was posted to the United Traders platform.","Fragment of an investment idea card on the platform (SelectQuote)":"SelectQuote card on UT platform","You can participate until 23,59 May 20":"You can join until May 20, 23:59 (UTC+3)","After the IPO application is completed, an application card appears in the users portfolio":"After an order for IPO is processed, a user will see the IPO investment card with the current status and expected IPO date in his portfolio.","IPO Date May 21":"Scheduled IPO date: May 21","Trading starts 10,30 New York time":"Trading starts: ≈10:30 a.m. New York Time Zone","Application amount $ 500":"Submitted amount: $500","Allocation 32%":"Allotment: ≈32%","Investment amount 160 $":"Investment amount: $160","Unit price 20 $":"Price per share: $20","Purchased shares 8":"Shares bought: 8","Entry fee 3% $ 4,80":"Entry fee: 3% = $4.80","Charged off $ 164,80":"Debited from account: $164.80","Refunded $ 335,20":"Returned to account: $335.20","We are waiting for the end of the lock-up period negative scenario":"We wait until the lock-up period expires (≈3 months). During this time the shares are dropping. A month after IPO a user can exit early, but we keep the shares in hope that they will bounce back and start growing.","An example of a letter with possibility of closing investments":"An email notification about available early exit option from investment","The money taking into account":"The invested money, minus only the exit fee, returns to your account.","End of the lock-up period August 24 2020":"Lock-up period expires: August 24, 2020","Total share price $ 160,64":"Total shares price: $160.64","Exit Commission 1,75% $ 2,81":"Exit fee: 1,75% = $2.81","Cash out $ 157,83":"Credited to account: $157.83","Loss -4,36% -6,97 $":"Убыток: −4,36% = −6,97 $","Investing in shares of companies on the investment platform United Traders":"Investing in stocks on investment platform | United Traders","How can you invest in stocks at the IPO stage through the United Traders investment platform":"How to invest in shares at the IPO stage through the United Traders platform. How we select companies, calculate risk and return on investment. How we post investment ideas and inform our investors. Investment terms and conditions: offer, commissions and lock-up period.","How IPO Investments Work on the United Traders Platform":"How IPO investments work on United Traders platform","Ksenia Rudenko":"Ksenia Rudenko","Producer and Director United Traders":"United Traders producer and video director","We tell you about the process of investing in an IPO through our platform and show how it works with a specific example":"In this article, we will focus on the process of investing in IPO through our platform and use an example to show how it works.","We select companies subtitle":"Selection criteria, comparison with competitors, Price-to-Sales","We select companies":"Selecting companies","We select companies text 1":"The IPO calendar features on average 150-200 offerings a year, but United Traders selects only some of them. We evaluate every company that files with the SEC: we look at the product, the size of its customer base and customer growth rate, market volume, revenue growth over the past years and other indicators.","We select companies text 2":"One of the key indicators that can be used to evaluate the potential growth of stocks after IPO is the price-to-sales ratio (P/S). A low P/S ratio could indicate that the company is undervalued and its stock has good potential. The ratio can also be used to compare against the exchange-traded competitors’ indicators. For example, if the P/S ratio is ×10, while the competitors trade at a P/S of ×15 and ×20, there’s a high likelihood that the stocks have a good post-IPO growth outlook.","Submitting an investment idea subtitle":"Order submission, the minimum entry threshold","Submitting an investment idea":"Posting investment idea to United Traders","View current IPOs United Traders":"View current IPOs with United Traders","Open the calendar of upcoming IPOs":"Open the Upcoming IPOs Calendar","Submitting an investment idea text":"The stocks that went through a rigorous selection process get posted to the United Traders platform. To participate in an IPO investment with United Traders, you need to apply within the specified period. Recently the processing time between the posting of an investment idea and application deadline has been 1 to 3 days. You can apply for investment for any amount starting from the cost of one share.","We inform investors about the IPO subtitle":"Sending emails to subscribers and Telegram channel","We inform investors about the IPO":"Informing United Traders investors about IPO","We inform investors about the IPO text 1":"Immediately after a new investment is posted to the United Traders platform, we send an email to our investors and post the details about the coming IPO to our Telegram channel","We inform investors about the IPO link":"United Traders Investments","We inform investors about the IPO text 2":"Pay attention to the risk level, estimated return (per trade and annual return), estimated allotment and application deadline.","IPO subtitle":"Collecting and distributing orders, share allotment","IPO":"IPO","IPO aside":"There are cases when a company files for IPO but cancels it at the last moment. It may occur if this company gets acquired by any company or if there is a change in the market situation. For instance, in February 2020 Procore filed an SEC Form S-1 but soon canceled its offering because of the changes on the market — the company postponed its IPO “till markets stabilize”.","IPO text 1":"We stop accepting orders 1-2 days before an offering. After you submit an order, it will show in your United Traders account. The number of applications for joining an IPO is constantly growing, resulting in diminishing share allotment. To join an investment, we recommend you submit your orders at least for $1,000.","IPO text 2":"For instance, if the share allotment of some IPO on United Traders was 10%, and you had previously applied for $10, 000, the amount accepted for this investment would be $1, 000. The rest of $9, 000 would be returned to your account and you could use it for trying next IPOs.","IPO text 3":"The allocation of shares among investors occurs on the IPO day. You will see the number of shares and the amount accepted as an investment in your personal account.","After IPO subtitle":"Lock-up and stock sale","After IPO":"Post-IPO","After IPO text":"Your stocks are on hold until the lock-up period expires (usually after 3 months), meaning that investors can’t sell shares — the provision is applied to them by an exchange. As soon as the lock-up period ends, shares are sold automatically and the return will be credited to your account. You can withdraw this money or redirect them to other investments.","Early exit":"Early exit","Early exit text 1":"Though you can’t sell shares during a lock-up period, our traders find ways to fix investors’ gains by using different financial instruments: forward contracts, options, short positions, etc. To an investor this means that he or she can close an investment, covering the cost of this financial instrument. Usually, you can exit by 10-15% less than the market price.","Early exit text 2":"You can apply for an early exit in your account as soon as you see this option there (usually in a month after IPO), and we will execute it within a single business day.","Commissions":"Fees","Commissions text 1":"We charge commissions on your participation in IPO investments:","Commissions text 2 pt 1":"Entry fee: ","Commissions text 2 pt 2":"3,5% of the price at which you bought the stocks. Charged at the start of investment.","Commissions text 3 pt 1":"Exit fee: ","Commissions text 3 pt 2":"0,5% of the price at which you sold the stocks. Charged at the closing of investment.","Commissions text 4 pt 1":"Profit fee: ","Commissions text 4 pt 2":"20% of net income. Charged at the closing of investment, after the rest of the commissions are paid.","On average, there are 2 losing IPOs per year text 1":"On average per year, out of 8 profitable IPOs that United Traders selects for its platform, 2 IPOs prove unprofitable. You can view the","On average, there are 2 losing IPOs per year link":"Results of all IPOs","On average, there are 2 losing IPOs per year text 2":"on United Traders from 2015 to 2020 in a separate section."},"ipo-results":{"Results of investments in shares at the IPO stage United Traders":"Results of IPO investments | United Traders","Results of investment ideas like IPO on the United Traders platform for 2016-2020":"The results of IPO investments on the United Traders platform for 2016-2021. The results of current investment ideas (before the lock-up period expires). Dates, entry and exit prices, return.","IPO results":"IPO Results","Profit and loss on all United Traders IPO ideas":"Profits and losses for all IPO ideas on United Traders","Finance director":"Irina Trushkina,","United Traders":"United Traders","Irina Trushkina":"chief financial officer","Here we publish a report on the profitability of investment ideas that we proposed for participation":"In this section, we post reports on the returns of the investment ideas we offer on our platform. For current and completed ones.","View current IPO ideas":"View current IPO ideas","Current IPO Ideas United Traders":"Current IPO ideas on United Traders","Results of pending IPOs are shown, so commissions are not included":"The results are shown for incomplete IPOs, for this reason, they don’t include the commissions.","Company":"Company Name","Start - finish":"Start — finish","Entry price":"Entry price","Current price":"Current price","Profit and loss":"Profits and losses","Profit":"Profits","Shown net profit including commissions":"Net profit is indicated (including commissions)","Exit price":"Exit price","Net profit and loss":"Net profit and losses"},"ipo-risks":{"Risks of investing in Companies at the IPO Phase United Traders":"Risks of investing in companies in IPO phase | United Traders","Risks of investing in company shares at the IPO stage allocation, price, liquidity, lock-up period":"The risks of investments in shares of companies in the IPO phase: allotment, price, liquidity, lock-up period. How United Traders experts calculate risks.","Risks of investing in shares of companies at the IPO stage":"The risks of investing in IPO stocks","Highway towards Silicon Valley Big Sur, California":"Highway to Silicon Valley. Big Sur, California","IPO investments have their risks and we strongly recommend that you familiarize yourself with them by reading this article":"Investing in IPOs comes with its own risks, and we strongly recommend that you familiarize yourself with them in this article before jumping into the investment.","Allocation uncertainty":"Uncertainty of allotment","Allocation uncertainty aside":"In May 2019, Beyond Meat went public, the share allotment was ≈30%. The return on investment was 470%. In July that same year, Douyu went public, the share allotment was 68%. By the end of the lock-up period, the company’s shares were worth 40% less than the offering price.","Allocation uncertainty advice":"Up until the IPO date, you don’t really know how many shares per order you will get. This makes it difficult to predict the share of stocks in a portfolio.","Allocation uncertainty text":"If you deal with the most popular (and successful) IPOs, there’s a high probability that you will get low allotment, but if you deal with the riskiest IPOs — on the contrary, you may get a high share allotment.","Price risk":"Price risk","Price risk advice":"A company’s share price may be below expectations on the first day of trading or fall any time after.","Price risk text":"The price can be affected by both external factors — a market crash, a new competitor, as well as by internal risks, for example, the product has changed.","Investment term risk":"Investment period risk","Investment term risk advice":"After a company goes public, its stocks usually can’t be sold throughout the entire lock-up period.","Investment term risk text":"And if shares drop in price, then you don’t have an option of closing the investment before the expiration of the lock-up period. Though we do find ways for an early exit if the market offers such instruments.","How we assess risk":"How we evaluate risks","How we assess risk text 1":"Before we post an investment idea on United Traders, we analyze every company and indicate the risk level on its description page.","How we assess risk text 2":"The majority of investments in IPO stocks have a medium or high risk:","How we assess risk text 3 pt 1":"Medium risk 10–30%. ","How we assess risk text 3 pt 2":"A company’s shares may drop by 10-30%, and this will fall within the normal range.","How we assess risk text 4 pt 1":"High risk >30%. ","How we assess risk text 4 pt 2":"A company’s shares may drop by more than 30%.","How we assess risk text 5":"To reduce risk, we recommend diversifying your portfolio and investing in several companies."},"how-pre-ipo-works":{"How investments in private companies work From pre-IPO to IPO United Traders (title)":"How investments in private companies work. From pre-IPO to IPO | United Traders","How companies from Silicon Valley raise funding Why investors buy pre-IPO stocks (meta description)":"How companies from Silicon Valley raise funding. Why investors buy pre-IPO stocks. How United Traders helps invest in promising IT companies before they go public.","How investments in pre-IPO work":"How investments in pre-IPO work","Dmitry Belousov, CEO of United Traders,":"Dmitry Belousov, CEO of United Traders,","and Eduard Tsinker, Partnership Programs Director":"and Eduard Tsinker, Partnership Programs Director","The United Traders platform offers investments in late-stage companies":"The United Traders platform offers investments in late-stage companies prior to their listing on a stock exchange (pre-IPO). But before we delve into how to invest in pre-IPO through United Traders, here’s our explaining how investments in companies based in Silicon Valley actually work.","Capitalization":"Capitalization","First things first, where does a startup get its value":"First things first, where does a startup get its value? A company’s value, its capitalization, is equal to the share price multiplied by the number of shares. Growing capitalization means earnings for everyone: founders, employees with stock options, early stage investors and, of course, us — those who invest in late stage startups: pre-IPO and IPO — shortly before a company goes public.","A companys growth that is measured quantitatively by its capitalization growth":"A company’s growth that is measured quantitatively by its capitalization growth is a lengthy process that takes years. The most successful companies grow rapidly, constantly accelerating, but all go through several stages: early, mid- and late. Let’s take a close look at each of them.","Seed, Pre-Seed, pitch, accelerators, business angels":"Seed, Pre-Seed, pitch, accelerators, business angels","Early stage":"Early stage","At the very beginning of your entrepreneurial journey you consider":"At the very beginning of your entrepreneurial journey, you consider the feasibility of your business idea and sell it to first investors. Investors “seed” by investing money in several startups hoping that some of them will get off the ground and cover the losses of the rest of the failures. The first investment stage is commonly known as “Seed” or “Pre-Seed”.","At the prime stage a company hasnt yet built an idea into a product":"At the prime stage a company hasn’t yet built an idea into a product, so it has to sell it to investors by making a pitch. Even if a business idea seems far-fetched, a short and impressive story must make an investor believe in the idea and invest his or her money.","But money can get you only so far Connections and experience":"But money can get you only so far. Connections and experience are what startups are lacking in most. At this stage, you want to turn to accelerators (a fixed-term intensive training program to help new businesses get established) and business angels (private investors who provide financial backing and advice for small startups).","The largest":"The largest","accelerators":"accelerators","by number of successful investments":"by number of successful investments. Left to right: Y Combinator, 500 Startups, Techstars, Plug and Play, MassChallenge, Startupbootcamp.","Accelerators sift through a multitude of ideas and select the best ones":"Accelerators sift through a multitude of ideas and select the best ones, provide initial funding and help build business processes, and launch a product/ service in exchange for a startup’s equity. There are nearly 7000 business incubators globally. Of them, the largest ones are concentrated in the U.S.","Startups that eventually become successful, do not always get past":"Startups that eventually become successful, do not always get past the highly competitive application process. Many of them struggle to find the required money, so owners look elsewhere for investments.","If you at the very beginning of your business journey":"If you at the very beginning of your business journey, chances are the list of your potential investors comes down to the three classical","FFF":"FFF","Fools, Friends and Family":" — Fools, Friends and Family.","The first stage is considered to be successful if owners obtain initial":"The first stage is considered to be successful if owners obtain initial, the so-called “seed” investments.","Early stage, investment funds, rounds":"Early stage, investment funds, rounds","Mid-stage":"Mid-stage","Most well-known funds":"Most well-known funds: Andreessen Horowitz, Sequoia Capital, Accel, Benchmark, Index Ventures, Kleiner Perkins, Founders Fund.","A company has succeeded in finding initial investments":"A company has succeeded in finding initial investments, but its development requires more money. In order to attract necessary financing, this company will do investment rounds: research investors (or investors may come to it) and raise the required sum of cash. Usually, startups associate funding rounds with an important milestone in their development.","At this stage, startups use the help of investment funds":"At this stage, startups use the help of investment funds. Funds vary by the types of industry they support (tech, biotech, AI, robotics), by the capital they manage and by the startup stages they specialize in when investing (well-established, mid-stage, early stage).","Every investment round (А, В, С, D, etc) means more money":"Every investment round (А, В, С, D, etc.) means more money, issuance of stock to this round’s investors and new valuation for the company. The subsequent letters represent subsequent rounds. Investors’ rights at every round may vary, but in general, an investor always gets an equity stake in the company being funded and the option to sell its stocks to profit from his investment.","Every startup goes through its own trials and tribulations":"Every startup goes through its own trials and tribulations, but let’s say we have an average company in question.","Series A — early growth":"Series A — early growth","By series A stage, the company already has a developed product":"By series A stage, the company already has a developed product and customer base (it has succeeded at both in pre-Seed and Seed rounds). Now the company organizes production, improves the first versions of its product, brings it to market and tests unit economics.","Series В — scaling stage":"Series В — scaling stage","If the previous stages served to prove the companys viability":"If the previous stages served to prove the company’s viability, Series B round sets bigger, even more ambitious goals — scaling, expansion of production and sales, capturing new markets.","Series СF — maturity stage":"Series С...F — maturity stage","At this stage, a company captures a larger market share":"At this stage, a company captures a larger market share, develops new products and acquires another startup as a merger. This company is well-established and has procured stable revenue streams.","A company’s valuation is drawn by venture investors that build financial models":"A company’s valuation is drawn by venture investors that build financial models and take into account multiple factors — potential market size, revenue growth and unit economics indicators, size of costs, product’s functionality, etc.","There are no pre-determined funding rounds a company must do":"There are no pre-determined funding rounds a company must do. There is no fixed amount of time that must pass between rounds — every company decides for itself. Likewise, it decides if it should seek venture funding or bootstrap, how many investors will be in the next round and on what terms it will trade its equity.","There are no regulatory authorities on the over-the-counter market":"There are no regulatory authorities on the over-the-counter market that oblige a company to disclose financial statements four times a year, the way public companies do (balance sheet, profit and loss statement, cash flow statement). Here investors want to profit without waiting for IPO, companies want to get big but non-toxic money, bring their product to market, capture a portion of it or tailor it to meet their needs, then go public or remain a private company.","The growing value indicates that a company is on the right track":"The growing value indicates that a company is on the right track. As it progresses from one funding round to another, its valuation becomes more accurate. Gradually the public gets to know more and more information about its business: revenue numbers, customer base, growth rates. Provided, of course, founders and management want to disclose these financials.","Late stage, Pre-IPO":"Late stage, Pre-IPO","Late stage":"Late stage","A companys growth culminates in IPO, the process of offering":"A company’s growth culminates in IPO, the process of offering corporate shares to the public for the first time. When a startup goes public, its investors in all previous funding rounds get an opportunity to cash it out.","However, in recent years companies more and more often remain private":"However, in recent years companies more and more often remain private: now a startup may take 10-12 years to reach IPO from its inception. Large investors have long-term money and are ready to wait to profit more, while small and midsize investors who are used to buying stocks after IPO don’t have the opportunity to make money using the same instruments.","Nowadays more and more people see the results of their investments":"Nowadays more and more people see the results of their investments in pre-IPO stocks and feel ready to invest in private companies though some 5-10 years ago they invested only in publicly traded stocks. The private stocks market gradually ceases to be a) a gray area with muddled rules, b) a playground exclusive for large investors.","The market is gradually embracing the concept of investments":"The market is gradually embracing the concept of investments in private companies even if you have a small amount of money. We at United Traders are pushing the market toward this trend: we are looking for ways to let midsize and small investors profit from investments in private stocks, and we work hard to make this process as user-friendly as possible.","Exit, underwriters, listing, direct listing":"Exit, underwriters, listing, direct listing","IPO":"IPO","Most companies aspire to do an IPO Investors in previous rounds":"Most companies aspire to do an IPO. Investors in previous rounds see IPO as an opportunity to exit, while a startup looks to get a fair valuation and solid clients that prefer to work with public companies (it’s easier to evaluate their product and business condition, openness plays a vital role here).","SEC (the Securities and Exchange Commission)":"SEC (the Securities and Exchange Commission) is a federal agency that regulates securities markets in the United States.","When a startup decides to go public, it employs underwriters":"When a startup decides to go public, it employs underwriters — investment banks responsible for administering a public offering and files its prospectus with the SEC. This startup will prepare documentation and list on a stock exchange (listing). After IPO (Initial Public Offering), the company’s stocks are publicly traded and anyone can easily buy them.","However, if a startup intends to do an IPO, it doesnt necessarily need to":"However, if a startup intends to do an IPO, it doesn’t necessarily need to employ investment banks. Some (like Spotify, Slack) do their own listing (direct listing). In this case you don’t have an opportunity to buy stocks shortly before IPO, and those investors who bought pre-IPO stocks hold an advantage.","M&A":"M&A","One way to exit is to go the way of Mergers & Acquisitions":"One way to exit is to go the way of Mergers & Acquisitions. In this case a larger company acquires the other company’s stocks. If a company is acquired with a premium — at a higher price than it was valued before, investor will profit. The later the funding rounds, the lower the risk level for investor.","Negative scenario":"Negative scenario","When investing in the seed stage, investors believe that only":"When investing in the seed stage, investors believe that only a few companies from their list will take off. The rest of them will go bankrupt, and investors include this risk. The closer a startup to an IPO, the more stable its operations, the lower risks it will go bankrupt. However, one cannot rule out such risk.","In a nutshell":"In a nutshell","View current pre-IPO investments":"View current pre-IPO investments","View investment ideas from United Traders":"View United Traders investment ideas","Hundreds of new companies emerge every day":"Hundreds of new companies emerge every day. Many of them go bankrupt, few of them will grow into unicorns (privately held startup companies valued at over $1 billion). Picking the right time is of utmost importance to investor. In our opinion, late-stage rounds (pre-IPO) are one of the best such moments.","We at United Traders offer investments in startups at pre-IPO":"We at United Traders offer investments in startups at pre-IPO since we believe that at this stage investor has the most opportunity to make money.","We ourselves invest in companies that we select for our platform":"We ourselves invest in companies that we select for our platform because we see opportunity in profiting within an investment horizon of few years. Most of these companies develop technologies that transform the world creating a new market around them. We are also passionate about investing in private companies because they create novel things capable of disrupting our daily life.","Renting an apartment from Airbnb, taking a course through Coursera":"Renting an apartment from Airbnb, taking a course through Coursera, buying Lemonade insurance or eating a plant-based burger from Impossible Foods — all this has gradually become part of our daily routine. And investments in private companies are no longer something abstract, they too have become a reality now.","Сurrent pre-IPO investments":"Current pre-IPO investments","A fragment of United Traders interface":"A fragment of United Traders interface","Select one or several investment ideas on United Traders":"Select one or several investment ideas on United Traders.","View all ideas on United Traders":"View all ideas on United Traders"},"pre-ipo-on-ut-platform":{"How investments in private companies work on the United Traders platform (title)":"How investments in private companies work on the United Traders platform. Pre-IPO and IPO boom in 2021.","How United Traders selects its best pre-IPO investment ideas A lifecycle of investing in private stocks on the United Traders platform (meta description)":"How United Traders selects its best pre-IPO investment ideas. A lifecycle of investing in private stocks on the United Traders platform. How to make money by investing in pre-IPO stocks.","How pre-IPO Investments on United Traders Platform Work":"How pre-IPO Investments on United Traders Platform Work","Dmitry Belousov":"Dmitry Belousov","United Traders CEO":"United Traders CEO","Let’s look at a pre-IPO investment lifecycle on the United Traders platform and at how to join a deal":"Let’s look at a pre-IPO investment lifecycle on the United Traders platform and at how to join a deal.","What pre-IPO companies are selected by United Traders":"What pre-IPO companies are selected by United Traders","Startups from Silicon Valley":"Startups from Silicon Valley","First and foremost, we consider the stocks of companies":"First and foremost, we consider the stocks of companies that originate and develop in Silicon Valley, California, U. S. Silicon Valley is the place where the quarters of the best tech companies are concentrated. Also, this is the home of startups that create products of the future (go watch our video about Silicon Valley to get a detailed story about the environment that persists as the primary destination for such companies).","The second requirement for a company that you eventually see on our platform":"The second requirement for a company that you eventually see on our platform is that it must develop with the help of investor’s funding. We select only the startups that demonstrate rapid growth and raise money from the largest investment funds at every stage of their development.","The third criteria our few select have a fully-fledged business":"The third criteria: our few select have a fully-fledged business worth hundreds of millions and billions of dollars. These are not prime-stage companies and even not the companies that have already obtained investments. We are talking about businesses that demonstrate all the signs of going public within 1-3 years.","Only companies with the best prospects are selected for unitedtraders":"Only companies with the best prospects are selected for unitedtraders.com. We discard all the rest.","Companies from all over the world":"Companies from all over the world","Extremely rarely we select companies that didn’t originate in Silicon Valley":"Extremely rarely we select companies that didn’t originate in Silicon Valley. However, such a company will too meet all our requirements for a potentially successful technology startup.","Selection of investment ideas":"Selection of investment ideas","There are two ways to add stocks to our platform":"There are two ways to add stocks to our platform:","At investor’s request":"At investor’s request","On our initiative":"On our initiative","Any United Traders customer can propose stocks for the platform":"Any United Traders customer can propose stocks for the platform. To do it, he or she must be ready to act as an anchor investor and invest about $500,000-1,000,000.","Such an investor would suggest buying some private stocks":"Such an investor would suggest buying some private stocks and confirm that he’s ready to invest in them. Our analysts research this company and make their decision. We consider only companies which, in our opinion, have great profit potential. If the investment meets all the requirements, we buy its stocks for the anchor investor.","On United Traders analyst team’s initiative":"On United Traders analyst team’s initiative","Georgy Yuriev Chief Analyst, United Traders":"Georgy Yuriev — United Traders Chief Analyst","This is the primary way of adding a pre-IPO type investment idea":"This is the primary way of adding a pre-IPO type investment idea to United Traders platform — on our analysts’ recommendations, a professional team with a background of investing in the over-the-counter market.","We continually track the largest private companies from Silicon Valley":"We continually track the largest private companies from Silicon Valley. In the first place, we pay attention to new funding rounds, company’s business success and any available news about its internal events.","On the other hand, we constantly consult a network":"On the other hand, we constantly consult a network of private and institutional investors, to get information on who and at what price is buying/selling stocks. In this way we are constantly updating the shortlist of companies whose stock can make their way to the pre-IPO section on United Traders.","When there’s demand on United Traders platform":"When there’s demand on United Traders platform for new investment ideas and the market has good offers, we start the investment idea preparation process.","Posting an idea, investment orders and execution":"Posting an idea, investment orders and execution","Collection of preliminary orders":"Collection of preliminary orders","After we have selected an investment idea for our platform":"After we have selected an investment idea for our platform, we post it in the pre-IPO section with a minimum entry threshold of $5,000, inform large investors about a new investment idea and collect preliminary orders.","ROFR — Right of First Refusal":"ROFR — Right of First Refusal means that a company and its key stakeholders exercise have a right to buy its stocks before outsiders can, thus blocking our deal.","At this stage, an investment may still fail to go through":"At this stage, an investment may still fail to go through. Your order may get rejected within 30 days unless we see sufficient interest from investors and within 60 days — if we fail to pass a ROFR procedure.","Execution of orders":"Execution of orders","If we see enough interest from investors and we pass a ROFR procedure":"If we see enough interest from investors and we pass a ROFR procedure, the stocks will be reflected on United Traders’ balance sheet and we execute all preliminary orders made by our investors. After this we reduce the threshold entry to the price of one share and provide an opportunity to invest in this company to everyone.","Every user who submitted an order, will see a corresponding investment":"Every user who submitted an order, will see a corresponding investment on the page “My portfolio”. Orders are processed instantly. If your order gets rejected, there is a chance that we don’t have enough shares to fulfill it — try to apply for a smaller amount. As soon as your order is fulfilled, the number of shares and their price will show in your account in the section “My portfolio”.","How we buy private stocks":"How we buy private stocks","Regardless of a private company’s development stage":"Regardless of a private company’s development stage (pre-IPO or early stage) — the process of buying stocks is approximately the same. If a company meets the requirements of our investment strategy, we see confirmed interest from investors and we have a contractor who can sell stocks at a good price, we start the following procedure:","Check the structure of the deal":"Check the structure of the deal: ownership through an intermediate company (SPV), buying an option from an employee, entering into a forward contract to supply stocks at a set price in the future.","Sign a Purchase Agreement и Term Sheet":"Sign a Purchase Agreement и Term Sheet — these papers fix the final terms of a deal: stock description, ownership form, price, quantity, commissions and the terms of stocks transfer.","Companies from all over the world We make sure we pass a ROFR":"Companies from all over the world. We make sure we pass a ROFR procedure. If none of the stakeholders used its contractual right to buy stocks at the deal’s price, this procedure is considered to have been passed. If a stakeholder exercises its ROFR right, the deal will be canceled.","Sign a Stock Transfer Agreement":"Sign a Stock Transfer Agreement, sending money and receiving stocks.","We get a stock ownership certificate":"We get a stock ownership certificate.","How often prices are updated":"How often prices are updated","Before a company goes public, its stock price changes with the next round":"Before a company goes public, its stock price changes with the next round. These changes don’t happen often, but we track the information about the key events in the companies in our portfolio (syndicated deals, investment rounds, indicative interest from funds and private investors in buying and selling stocks) and we let our investors know about them.","Before a company goes public If the price has changed":"Before a company goes public: If the price has changed by more than 10% of the current price on United Traders platform, we will change it as soon as we receive the actual information. Anyway, we update the price on a monthly basis.","Use public sources to check stock prices of some companies":"Use public sources to check stock prices of some companies, but the prices of the last funding round and those of the over-the-counter market do not always coincide. Shares of some companies are sold with a premium to the latest round of funding, the way it happened to Cohesity.","After IPO, the price is updated every day according to the closing price":"After IPO, the price is updated every day according to the closing price.","A pre-IPO company’s share price change in the United Traders interface":"A pre-IPO company’s share price change in the United Traders interface","How we inform about the development of the company":"Как мы информируем о развитии компании","Until the company goes public, we inform investors about the events":"Пока компания не вышла на биржу, мы информируем инвесторов о событиях, которые приближают её к IPO: выход на новый рынок, запуск продукта или заключение партнерства. Такие новости мы публикуем в ежемесячном дайджесте в официальном телеграм-канале United Traders.","If a major event occurs that can directly affect the share price":"Если происходит крупное событие, которое может напрямую повлиять на цену акции, мы публикуем отдельную новость — там же в официальном телеграм-канале United Traders.","We recommend subscribing to":"Рекомендуем подписаться на","United Traders Investments":"United Traders Investments","to know the reasons for the change in the price of stocks in your portfolio":", чтобы знать причины изменения цены акций в вашем портфеле и принимать взвешенные решения.","Exit before IPO":"Exit before IPO","If you want to exit an investment before IPO, say, to fix your profit":"If you want to exit an investment before IPO, say, to fix your profit following a jump in share prices, you can do it in your account at any time. You can exit an investment entirely or sell only part of it (in this case, you need to specify the number of shares). We don’t charge any extra fees for early exit. Your exit application will be processed instantly.","A fragment of the interface of the unitedtraderscom platform featuring an investment idea with an early exit option":"A fragment of the interface of the unitedtraders.com platform featuring an investment idea with an early exit option","The shares you have sold will become available on the United Traders":"The shares you have sold will become available on the United Traders platform, and someone else will be able to join this investment. Please be aware that if the platform features some stocks but your bid gets rejected, there is a chance that we don’t have enough shares to fulfill it. Try to apply for a smaller amount. The most popular stocks experience enormous demand, and we quickly run out of stock with them, no pun intended. To see the stocks available now, go to the section “Investment Ideas” on the United Traders website.","Exit after IPO":"Exit after IPO","If the company you invested in is going public, your investment":"If the company you invested in is going public, your investment is further seen as an investment in IPO.","So a company files an S-1 form — the required filing format":"So a company files an S-1 form — the required filing format of the U. S. Securities and Exchange Commission (SEC). S-1 filing confirms that the company is going public. A few days after the filing, a company reveals the price range for its offering, the price varying with a difference of several dollars. The offering price is the price at which a company is going to sell its shares. You can compare this price range with the price at which you bought your stocks. If the offering price is higher than the price at the pre-IPO stage, you will see your profit immediately. If this price is lower, you should wait for the start of trading and follow the price after IPO.","When a company goes public, the share price in your account":"When a company goes public, the share price in your account will be updated every day. You won’t be able to sell shares for 6 months after IPO — the so-called lockup period, a practice in a publicly-traded company that freezes company stock selling for a time.","When a lockup period expires, your investment closes automatically":"After the lockup period is completed, we will begin the process of transferring the shares to our brokerage account. The profit will then be deposited into your investment account.","Alternative exit scenarios":"Alternative exit scenarios","Apart from client’s selling shares and IPO, there are several scenarios":"Apart from client’s selling shares and IPO, there are several scenarios when United Traders may close a pre-IPO investment.","M&A — Mergers and Acquisitions":"M&A — Mergers and Acquisitions refers to the economic processes of business and capital consolidation occurring at the micro- and macroeconomic levels which result in the emergence of larger companies in the market.","M&A (mergers and acquisitions)":"M&A (mergers and acquisitions)","a startup may acquire another startup as a merger":"— a startup may acquire another startup as a merger. In this case investor’s profit or loss depends on the terms of a deal. If a company is acquired with a premium, an M&A deal can become quite a positive scenario for an investor.","Bankruptcy":"Bankruptcy","in this case investor receives zero":"— in this case investor receives zero. However, this happens rarely. Among the companies selected by United Traders, there were none such companies.","Selling stocks on an OTC market (on UT’s initiative)":"Selling stocks on an OTC market (on UT’s initiative).","If it becomes clear that a company won’t go public":"If it becomes clear that a company won’t go public, or it postpones its offering indefinitely or the prospects of this company worsen (a company can’t raise funding through rounds, has debts over 3 years, doesn’t show revenue, etc.), we sell such stocks for the benefit of investors.","Fees":"Fees","We charge commissions on your participation in pre-IPO investment":"We charge commissions on your participation in pre-IPO investment:","Entry fee":"Entry fee","3,5% of the price at which you bought the stocks":"– 3.5% of the price at which you bought the stocks. Charged at the start of an investment.","Exit fee":"Exit fee","0,5% of the price at which you sold the stocks":"– 0.5% of the price at which you sold the stocks. Charged at the closing of an investment.","Profit fee":"Profit fee","20% of net income Charged at the closing of an investment":"– 20% of net income. Charged at the closing of an investment, after the rest of the commissions are paid."},"pre-ipo-results":{"The results of investments in pre-IPO stocks 2021 | United Traders":"The results of investments in pre-IPO stocks 2021 | United Traders","Investments in private companies at the pre-IPO stage Report on the returns of current and completed pre-IPO investment ideas on the United Traders platform":"Investments in private companies at the pre-IPO stage. Report on the returns of current and completed pre-IPO investment ideas on the United Traders platform.","Pre-IPO Results":"Pre-IPO Results","Profits and losses for all pre-IPO ideas on United Traders":"Profits and losses for all pre-IPO ideas on United Traders","Liberty Island":"Liberty Island,","New York, USA":"New York, USA","Here you can view our reports on the returns for the pre-IPO investments we offered you to join":"Here you can view our reports on the returns for the pre-IPO investments we offered you to join.","View current pre-IPO ideas":"View current pre-IPO ideas","Pre-IPO United Traders":"Pre-IPO United Traders","For completed investments, the net profit including commissions is shown":"For completed investments, the net profit including commissions is shown. For current investments, commissions are not yet included, and the exact date of completion will be known approximately towards the expiration of the lockup period.","Company":"Company Name","Start - finish":"Start — finish","Entry price":"Entry price","Current price":"Current price","Profit and loss":"Profits and losses","Profit":"Profits"},"pre-ipo-risks":{"The risks of investing in private companies at the pre-IPO and IPO stages | United Traders (title)":"How United Traders selects from private companies and how temporal uncertainty, asymmetric information, liquidity, equity structure and bankruptcy threat affect the risk assessment of pre-IPO investments.","How United Traders selects from private companies and how temporal uncertainty (description)":"The risks of investing in private companies at the pre-IPO and IPO stages | United Traders","Investment risks in pre-IPO":"Investment risks in pre-IPO","Ksenia Rudenko":"Ksenia Rudenko","producer and director":"United Traders producer and video director","Here are the general risks of investing in the majority of private companies":"Here are the general risks of investing in the majority of private companies.","Temporary uncertainty":"Temporary uncertainty","In 2018 United Traders offered its customers to invest in Palantir":"In 2018 United Traders offered its customers to invest in Palantir.","The price per share was $8 35 At the time of writing this piece":"The price per share was $8.35. At the time of writing this piece, there weren’t any shares left.","Temporary uncertainty Advice":"A seller of stocks (employees and early investors) knows more information than a new buyer. An investor usually doesn’t know the supposed IPO date.","We select companies that demonstrate all the signs of going public":"We select companies that demonstrate all the signs of going public within 1-3 years, however, these signs are indirect. News about hiring a new CFO or management’s public statements may point to company’s IPO preparations, but nobody knows the exact date. Moreover, company’s plans may change as a result of new market conditions.","Palantir’s CEO has repeatedly expressed the management’s intention":"Palantir’s CEO has repeatedly expressed the management’s intention to go public in the foreseeable future. The information appeared in the Financial Times in 2017 and Bloomberg and the WSJ in 2018. In mid-2020, Palantir again announced that it’s likely to go public soon, this time to CNN.","Asymmetry of information":"Asymmetry of information","Asymmetry of information Advice":"The seller of stocks (employees and early investors) knows more information than a new buyer. An investor can’t always give an accurate assessment of company’s financial indicators.","Private companies are not obliged to disclose their reports":"Private companies are not obliged to disclose their reports and financials, the way traded companies do. Revenue, customer base, growth rates — this information is known by management’s statements. A more accurate assessment can be made as a company progresses from early funding rounds to later ones, but it is still impossible to verify this data.","For instance, in November 2019 Lemonade CEO announced":"For instance, in November 2019 Lemonade CEO announced that the company had reached the $100 million annual recurring revenue (ARR) milestone. The market perceived it as an indicator of net revenue by which a company is usually examined in advance of its IPO. In June 2020, when the company disclosed its financials, its net revenue was actually $83 million. The new information pushed the price down from $47.5 to $23–26. But in the end investors profited in all rounds — Lemonade’s shares opened at $78.20.","An example of investment in pre-IPO stocks":"An example of investment in pre-IPO stocks. The cursor points to the drop of the stocks shortly before IPO, but in this case it had grown after the start of trading.","Low liquidity":"Low liquidity","Low liquidity Advice":"If you are dealing with an over-the-counter market to buy/sell shares, you need to look for a buyer. Early exit from an investment may take time: a month or longer.","When you buy or sell public stocks, your application is executed":"When you buy or sell public stocks, your application is executed instantly. An enormous number of sellers and buyers make the stock market liquid. But when you buy or sell private stocks, you are looking for a buyer or seller in every case. An over-the-counter market is not so liquid though in recent years the number of participants and size of transactions have been growing.","Liquidity (transaction speed) on an OTC market increases":"Liquidity (transaction speed) on an OTC market increases when it comes to selling or buying high-profile stocks like Airbnb, but the majority of companies selected on our platform are no so popular, so finding a seller/buyer proves more difficult. This process takes a month or longer.","Dilution of equity capital":"Dilution of equity capital","We added ThoughtSpot to the platform in December":"We added ThoughtSpot to the platform in December 2019 when by indirect signs we concluded that the company may go public soon.","The share price on the OTC market was":"The share price on the OTC market was $13.83.","Dilution of equity capital Advice":"As funding rounds occur and more equity is issued, existing shareholders experience a decrease in their ownership percentage.","This happens if the issue of new shares comes with their price":"This happens if the issue of new shares comes with their price growing disproportionately to the capitalization of a company. However, a dilutive effect isn’t always bad: new shares may be issued at a higher price, and in this event you own a smaller share of a larger company, and the total value of your investments grows.","A funding round in April 2018 for ThoughtSpot valued the company":"A funding round in April 2018 for ThoughtSpot valued the company at $880 million (the share price was $9.69). In the following round the company issued 50 million new shares, the share price grew to $13.83 (43%), and its valuation — to $2 billion (by 127%).","Failing to pass ROFR":"Failing to pass ROFR","Failing to pass ROFR Advice":"ROFR, Right of First Refusal — during the approval stage, a company and its key shareholders have the right to buy stocks at the price of a deal.","We post investment ideas on United Traders platform":"We post investment ideas on United Traders platform when we have already found stocks and agreed on a purchase. However, according to the rules of an OTC market, we must inform the company about the deal. The ROFR process takes 60 days: if during this time a company doesn’t exercise its right, United Traders will receive the right to purchase these stocks.","We post some investment ideas (often with a higher entry threshold)":"We post some investment ideas (often with a higher entry threshold) before ROFR ends. In this way we can collect preliminary subscriptions and perform them faster when the procedure is over. But in this event an investor takes risks: if within 60 days a company buys its stocks, his or her application will get rejected.","Bankruptcy":"Bankruptcy","Bankruptcy Advice":"Company’s stock may depreciate.","Early investors know that only a few companies will return their money":"Early investors know that only a few companies will return their money — the rest of the startups will go bankrupt. At the early stages, the bankruptcy risk is higher, at the pre-IPO stage — lower, but risk is always present. Sometimes a company is left with assets an investor can claim, but he or she is likely to get nothing. On our part, we guarantee that if negative news emerges and there is a chance to sell stocks, we will absolutely do it for all investors.","Unfavorable terms of M&A deal":"Unfavorable terms of M&A deal","Unfavorable terms of M&A deal Advice":"In the event of the acquisition of a failed business, investors of different rounds will receive different returns on their invested capital.","A company featured on United Traders as an investment idea":"A company featured on United Traders as an investment idea may be acquired by a larger company (merger or acquisition, M&A). In this event the exit conditions depend on the terms of an M&A deal and the funding round an investor joined.","The terms of a deal — the price at which a company is acquired":"The terms of a deal — the price at which a company is acquired. An “advantageous” merger occurs when a company is purchased with a premium — an investor profits by taking advantage of a price difference. A “disadvantageous” merger describes an acquisition of a plunging business, in a situation close to bankruptcy.","The terms of a round depend on the stage at which an investor joined":"The terms of a round depend on the stage at which an investor joined a deal. As a rule, at later rounds investors have more rights, that’s why we prefer to work with companies’ stocks at late stages.","How we assess risks":"How we assess risks","We analyze every company and mention the risk level on the investment idea page":"We analyze every company and mention the risk level on the investment idea page. The majority of investments in companies at the pre-IPO stage have a medium or high risk:","Medium risk":"Medium risk 10%-30%.","Medium-risk investment may shed 10-30%":"Medium-risk investment may shed 10-30% — this number falls within the normal range.","High risk":"High risk >30%.","We consider investment in a company to be high-risk":"We consider investment in a company to be high-risk if its technology isn’t yet approved or it comes with extra risks."},"offerPage":{"License agreement":"User Agreement","Version {{version}} from":"Version {{version}} from"},"mainPage":{"Our Awards":"Our Awards","Best Hedge Fund 2015":"Best Hedge Fund 2015","Best Hedge Fund 2015 details":"Kvadrat Black fund provided the best risk/return relationship (sharp ratio equal to 2.0) and is the winner of the Best Risk-Adjusted Return Award and the Best Equity Fund Award for investments in global companies.","Best Private Investor 2011 2012":"Best Private Investor 2011, 2012","Best Private Investor 2011 2012 details":"Our emulator increased its starter portfolio from 154 000₽ to 12 000 000₽ over 2 months (8,000%). In the following year the return amounted to 5288%.","Best Young Entrepreneur 2010":"Best Young Entrepreneur 2010","Best Young Entrepreneur 2010 details":"Recognized by the Russian Young Entrepreneurs Association. The annual award was given to Roman Vishnevskiy.","Global Finance Award 2012":"Global Finance Award 2012","Global Finance Award 2012 details":"The most prestigious standard of excellence for the global financial community. The judging panel recognized us as the best company in the category of “Best education system on stock market”.","Entrepreneur of the Year for 2012":"Entrepreneur of the Year for 2012","Entrepreneur of the Year for 2012 details":"The UT’s managing partner Roman Vishnevskiy became the recipient of the award.","Download":"Скачать PDF...","Our books about finance":"Наши книги о финансах","How to invest in IPO Investor Guide":"Как инвестировать в IPO. Настольная книга инвестора","What OTC means and how to make money in it":"Что такое рынок OTC и как на нем заработать","Psychology of trading the experienced trader’s lifehacks":"Психология торговли: советы опытного трейдера","Day trading intraday trading":"Дейтрейдинг: внутридневная торговля","Scalping practical guide":"Скальпинг: практическое руководство","Select an idea Experts have found the best ones":"Select an idea. Experts <1 /> have found the best ones","Try it out with $10":"Try it out <1 /> with $10","Build a portfolio from shares":"Build a portfolio <1 /> from shares","Make a profit of 20-80% per year":"Make a profit <1 /> of 20-80% per year","Start investing":"Start investing","One-step-ahead investments":"One-step-ahead investments","Our investment ideas":"Our investment ideas","IPO":"IPO","All results":"All results","More about IPO":"More about IPO","The chart shows how your portfolio grows if you invest in every IPO we offer":"The chart shows how your portfolio grows if you invest in every IPO we offer.","IPO means initial public offering When a company goes public":"IPO means initial public offering. When a company goes public, the demand for its shares and price go up, and investors can profit from this growth.","We offer you to buy shares a few days before IPO and sell them three months later":"We offer you to buy shares a few days before IPO and sell them three months later.","Pre-IPO":"Pre-IPO","More about pre-IPO":"More about pre-IPO","The chart shows the value growth":"The chart shows the value growth:","40 private companies in UTs portfolio":"40 private companies in UT's portfolio","500 largest publicly traded US companies":"500 largest publicly traded U.S. companies","Overall, young private companies grow at a faster pace than major publicly traded ones":"Overall, young private companies grow at a faster pace than major publicly traded ones.","Pre-IPO is a growing secondary market We offer shares of companies before they are actually publicly":"Pre-IPO is a growing secondary market. We offer shares of companies before they are actually publicly traded in exchanges, but plan to go public soon. Investment horizon is 1-2 years.","SPAC":"SPAC","SPACs are not operating companies Their main goal is to transition a company from a private company":"SPACs are not operating companies. Their main goal is to transition a company from a private company to a publicly traded company through a merger or acquisition, rather than a traditional IPO. The average investment period is six months.","Stocks and ETF":"Stocks and ETF","Traditional instruments on the public market Better-suited for advanced investors seeking":"Traditional instruments on the public market. Better-suited for advanced investors seeking to balance their portfolio. You can select from more than 1,000 securities to invest.","Sign up":"Sign up","Log in":"Log in","on {{channel}}":"on {{channel}}","{count} years_one":"{{count}} year","{count} years_few":"{{count}} years","{count} years_many":"{{count}} years","{count} years_other":"{{count}} years","{count} years":"{{count}} years","{count} years_plural":"{{count}} years","on market":"on market","Roman Vishnevskiy":"Roman Vishnevskiy","Сo-founder":"Сo-founder","Business Development":"Business Development","Сo-founder, Business Development":"Сo-founder, Business Development","Higher School of Economics, finance and financial markets":"Higher School of Economics, finance and financial markets","In 2009 founded United Traders along with Dmitry Belousov and Anatoly Radchenko":"In 2009 founded United Traders along with Dmitry Belousov and Anatoly Radchenko","Spearheads new business directions":"Spearheads new business directions","Anatoly Radchenko":"Anatoly Radchenko","Co-founder":"Co-founder","Saint Petersburg ITMO University":"Saint Petersburg ITMO University","Traded in proprietary trading firm Dimension Trading Group":"Traded in proprietary trading firm Dimension Trading Group","In 2009 founded United Traders along with Dmitry Belousov and Roman Vishnevskiy":"In 2009 founded United Traders along with Dmitry Belousov and Roman Vishnevskiy","YouTube":"YouTube","Dmitry Belousov":"Dmitry Belousov","Сo-founder, CEO":"Сo-founder, CEO","Bauman Moscow State Technical University, majored in rocket science and engineering":"Bauman Moscow State Technical University, majored in rocket science and engineering","Traded in a proprietary trading firm Swift Trade":"Traded in a proprietary trading firm Swift Trade","In 2009 founded United Traders along with Roman Vishnevskiy and Anatoly Radchenko":"In 2009 founded United Traders along with Roman Vishnevskiy and Anatoly Radchenko","CEO — Chief Executive Officer":"CEO — Chief Executive Officer","Alik Kurdyukov":"Alik Kurdyukov","Chief Technical Officer":"Chief Technical Officer","Lomonosov Moscow State University, majored in mechanics and mathematics":"Lomonosov Moscow State University, majored in mechanics and mathematics","Launched one of the first online stores in Russia":"Launched one of the first online stores in Russia","Launched the system of Aeroflot tickets issue and payment":"Launched the system of Aeroflot tickets issue and payment","Created several online payment getaways for major Russian banks":"Created several online payment getaways for major Russian banks","In 2008, organized the first Scrum team":"In 2008, organized the first Scrum team","In 2011, joined the founders of United Traders":"In 2011, joined the founders of United Traders","Heads the development team at United Traders":"Heads the development team at United Traders","Georgy Yuriev":"Georgy Yuriev","Head of Investments":"Head of Investments","Alexandra Filippova":"Alexandra Filippova","Head of content":"Head of content","Alexey Markov":"Alexey Markov","PR director, trader":"PR director, trader","Anton Klevtsov":"Anton Klevtsov","Trader, author of training programs":"Trader, author of training programs","100+ employees in our team":"100+ employees in our team","Our team":"Our team ","Our team is made up of skilled professional traders that got together":"Our team is made up of highly skilled professional traders that got together in 2009 to found an investment company United Traders. Our employees work all over the world from California to Komsomolsk-on-Amur."},"infoMetaTitle":{"default":"United Traders — investment company","contacts":"Contact Information | United Traders","main":"United Traders — investment company"},"infoMetaDescription":{"default":"Platform for investing in IPO, pre-IPO and international stocks listed on a stock exchange. Here you can create your own investment portfolio.","contacts":"Investment and Finance Company Address st. Dubininskaya 53 Building 5","main":"Platform for investing in IPO, pre-IPO and international stocks listed on a stock exchange. Here you can create your own investment portfolio."},"contacts":{"Office 203, Kvartal City Business Center, bldg 5, 53 st Dubininskaya, Moscow, Russia":"Office 203, Kvartal City Business Center, bldg. 5, 53 st. Dubininskaya, Moscow, Russia","Moscow":"Moscow","IK United Traders Ltd":"United Traders","Contact via Telegram":"Contact via Telegram","Contact via WhatsApp":"Contact via WhatsApp","Office 203, Kvartal City Business Center, Bld 5, 53 Ul Dubininskaya":"Office 203, Kvartal City Business Center, Bld. 5, 53 Ul. Dubininskaya","We answer any questions you may have about investments":"We answer any questions you may have about investments","Website chat":"Website chat","Telegram":"Telegram","WhatsApp":"WhatsApp","Email":"Email","Contacts":"Contacts"},"feedMeta":{"Investment news":"Investment news: IPO, pre-IPO, OTC","Investment news description":"Investment news: IPO, pre-IPO, OTC","United Traders Feed":"United Traders Feed","United Traders Feed title":"United Traders Feed","keywords":"investments, ipo, pre-ipo, otc"},"feedMain":{"feed":"Feed","read more":"Read more"},"account":{"Deposit account":"Deposit account","Exchange currency":"Exchange currency","Transfer between accounts":"Transfer between accounts","Withdraw":"Withdraw","Deposit":"Deposit","Exchange":"Exchange","Transfer":"Transfer","Transfers have been moved":"Transfers have been moved","We moved Aurora-NYSE account transfers":"We moved Aurora-NYSE account transfers: <1>deposits</1>, <4>withdrawals</4>.","OK":"OK","Login to see your account":"Log in or sign up to see your account","Log in":"Log In","Sign up":"Sign Up","USD_accountName":"Dollar account","RUB_accountName":"Rouble account","UTT_accountName":"Tokens","This section shows your main account":"This section shows your main account","Accounts":"Accounts","UsEquities_accountName":"Aurora—NYSE","Utex_accountName":"Aurora—UTEX","This section shows your trading account":"This section shows your trading account"},"calendar":{"Today":"Today","Last 7 days":"Last 7 days","Last 30 days":"Last 30 days","Month-to-date":"This month","Last month":"Previous month","All time":"All time","Custom period":"Custom period"},"exception":{"Illegal action for withdraw request in state {state}":"Something went wrong. Please, refresh the page","common-error":"Something went wrong"},"operation":{"Cancel withdraw":"Cancel withdrawal","Cancel investment":"Cancel investment","Deposit":"Deposit","Details":"Details","Withdraw":"Withdraw","USD_plural":"dollars","RUB_plural":"roubles","EUR_plural":"euro","UTT_plural":"UTT","Currency exchange":"Currency exchange","to":"to","Correction":"Correction","Finish investment":"Finish investment","Reward":"Reward","From partnership program":"From partnership program","Purchase":"Purchase","Return unused":"Return unused","Revert":"Revert","Start investment":"Start investment","UTEX":"UTEX—Spot","UsEquities":"Aurora—NYSE","Transfer from Aurora":"Transfer from Aurora","From account":"From account","Transfer from UTEX":"Transfer from UTEX—Spot","Utex":"UTEX—Spot","Transfer to Aurora":"Transfer to Aurora","To account":"To account","Transfer to UTEX":"Transfer to UTEX—Spot","CANCELED_brief":"Canceled","PROCESSED_brief":"Processed","PUBLISHED_brief":"Published","REJECTED_brief":"Rejected","Withdrawn":"Withdrawn","Money returned":"Money returned","Application submitted":"Application submitted","Requested":"Requested","ANTI_FRAUD_REVIEWING_title":"The application is considered","CANCELED_title":"The application is canceled by you","CREATED_title":"The application is considered","PROCESSED_title":"The application is processed","PROCESSING_title":"The application is considered","PUBLISHED_title":"The application is processed","REJECTED_title":"The application is rejected","RESERVED_title":"The application is considered"},"reject-reason":{"Reject reason":"Reject reason","Reject reasons":"Reject reasons","Transfers to 3d parties including relatives not allowed":"Transfers to 3d parties including relatives not allowed","Amount of withdrawal must cover bank fees":"Amount of withdrawal must cover bank fees (35 USD fixed no matter the amount of transfer)","Transfers to REVOLUT and PAYSERA unavailable":"Transfers to REVOLUT and PAYSERA unavailable due to internal policy of intermediary banks. Please use other banks.","In Ukraine the only bank that accepts our transfers is 1st Ukrainian International Bank":"In Ukraine the only bank that accepts our transfers is 1st Ukrainian International Bank. Please open an account with them and submit another withdrawal request","Format of your account number (IBAN) does not match standard of the country where it is opened":"Format of your account number (IBAN) does not match standard of the country where it is opened","SWIFT (BIC) code you have stated is not present in database of our bank or contains error":"SWIFT (BIC) code you have stated is not present in database of our bank or contains error","All the details must be stated in standard Latin alphabet only":"All the details must be stated in standard Latin alphabet only. No other foreign characters allowed","Withdrawals to other companies, are not available":"Withdrawals to other companies including brokers you have accounts with, are not available. You can withdraw funds to your personal bank account only.","Withdrawal request must contain full name and address":"Withdrawal request must contain full name of payee in Latin alphabet as well as full residential address, including street, house, apartment, locality, and country","Username does not match the recipient's name":"Username does not match the recipient's name","Address must be complete":"Address must be complete","Full name must be complete":"Full name must be complete","Bank commission is value rubles":"Bank commission is value rubles","Invalid recipient account number":"Invalid recipient account number","Incorrect BIC":"Incorrect BIC","Account currency does not match the transfer currency":"Account currency does not match the transfer currency"},"transactions":{"There are no transactions on this account":"There are no transactions on this account","Operation":"Operation","Change":"Change","Balance":"Balance","Date":"Date","Time":"Time","Change and balance":"Change and balance","Statement":"Statement"},"trading-account-transactions":{"Statement":"Statement","Charge off":"Trading charge off","Correction":"Correction","Deposit":"Deposit","From main account":"From main account","PnL":"PnL","Withdraw":"Withdraw","To main account":"To main account"},"withdrawals":{"Withdrawals":"Withdrawals","Removed one week after decision":"Removed one week after decision","Operation":"Operation","Amount":"Amount","Date":"Date","Time":"Time","Amount and date":"Amount and date","There is no active orders":"There is no active orders","Withdraw funds":"Withdraw funds","Created":"Reserved","Rejected":"Rejected","Order created":"Order created","Cancel withdraw":"Cancel withdraw","Withdrawal request rejected":"Withdrawal request rejected","Money returned":"Money returned","Order submitted":"Order submitted","Reject reason":"Reject reason"}}},"basePath":"/investments","idea":{"__typename":"LimitedIdeaV2","id":"2466","category":"IPO","name":"VoiceMo","logoUrl":"https://investment-s3.unitedtraders.com/investments/oct_2020/Chime.svg","riskLevel":"LOW","descriptionLocalized":"Платформа для онлайн-обучения","fullDescriptionLocalized":"<div class=\"invest-landing\">\n  <section>\n    <div class=\"invest-landing-section\">\n      <div class=\"invest-landing-section__title\">Investment Idea Details</div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\"\n        >\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">The Company</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-1 -->\n              <input\n                class=\"invest-landing-dropdown__input\"\n                type=\"checkbox\"\n                name=\"panel\"\n                id=\"panel-1\"\n                checked=\"\"\n              />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-1\">\n                The Company\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n                  Платформа для онлайн-обучения\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11\"\n        >\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">\n              Market Opportunity\n            </div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-2 -->\n              <input\n                class=\"invest-landing-dropdown__input\"\n                type=\"checkbox\"\n                name=\"panel\"\n                id=\"panel-2\"\n              />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-2\">\n                Market Opportunity\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n                  Very promising\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n    </div>\n\n    <div class=\"invest-landing-section\">\n      <div class=\"invest-landing-section__title\">How IPO Investments Work</div>\n      <div class=\"invest-landing-dropdown\">\n        <input\n          class=\"invest-landing-dropdown__input\"\n          type=\"checkbox\"\n          name=\"panel\"\n          id=\"panel-5\"\n        />\n        <label class=\"invest-landing-dropdown__label\" for=\"panel-5\">\n          How IPO Investments Work\n        </label>\n        <div class=\"invest-landing-dropdown__content\">\n          <div class=\"invest-landing-description\">\n            <div class=\"invest-landing-description__image-wrapper\">\n              <img\n                class=\"invest-landing-description__image invest-landing-subitem__image_collect\"\n                src=\"https://investment-prod.s3.amazonaws.com/investment-landings/01.svg\"\n              />\n            </div>\n            <div class=\"invest-landing-description__text-wrapper\">\n              <div class=\"invest-landing-description__title\">\n                <span class=\"invest-landing-description__title-number\">1.</span>\n                <span class=\"invest-landing-description__title-text\"\n                  >Collection of funds</span\n                >\n              </div>\n              <p class=\"invest-landing-description__text\">\n                2-3 weeks before the start of the company publishes information\n                about the opening of trading: financial statements for 3 years,\n                a description of the company's business, plans for the future,\n                as well as the risks that management sees in their own business.\n                We analyze such offers and publish the best ones. Investors\n                apply for deposits. Before the deadline for applications, you\n                can change the request or cancel it.\n              </p>\n              <div class=\"invest-landing-description__factoid-wrapper\">\n                <div class=\"invest-landing-factoid\">\n                  <div class=\"invest-landing-factoid__head\">Publication</div>\n                  <div class=\"invest-landing-factoid__body\">19 Jan</div>\n                </div>\n                <div class=\"invest-landing-factoid\">\n                  <div class=\"invest-landing-factoid__head\">\n                    Threshold amount\n                  </div>\n                  <div class=\"invest-landing-factoid__body\">$50</div>\n                </div>\n              </div>\n            </div>\n          </div>\n          <div class=\"invest-landing-description\">\n            <div class=\"invest-landing-description__image-wrapper\">\n              <img\n                class=\"invest-landing-description__image invest-landing-description__image_buy\"\n                src=\"https://investment-prod.s3.amazonaws.com/investment-landings/02.svg\"\n              />\n            </div>\n            <div class=\"invest-landing-description__text-wrapper\">\n              <div class=\"invest-landing-description__title\">\n                <span class=\"invest-landing-description__title-number\">2.</span>\n                <span class=\"invest-landing-description__title-text\"\n                  >Buy shares</span\n                >\n              </div>\n              <p class=\"invest-landing-description__text\">\n                We submit one large application for the purchase of shares by\n                pre-subscription with reduced price to large investors. The\n                application may be rejected in part or in full. Over the past\n                three years, our applications have been rejected only three\n                times. The next day, or every other day, we'll know at what\n                price and at what percentage the order is executed, and we'll\n                post it on «The my investment page».\n              </p>\n              <div class=\"invest-landing-description__factoid-wrapper\">\n                <div class=\"invest-landing-factoid\">\n                  <div class=\"invest-landing-factoid__head\">\n                    Submit applications before\n                  </div>\n                  <div class=\"invest-landing-factoid__body\">19 Jan</div>\n                </div>\n              </div>\n            </div>\n          </div>\n          <div class=\"invest-landing-description\">\n            <div class=\"invest-landing-description__image-wrapper\">\n              <img\n                class=\"invest-landing-description__image invest-landing-description__image_start\"\n                src=\"https://investment-prod.s3.amazonaws.com/investment-landings/03.svg\"\n              />\n            </div>\n            <div class=\"invest-landing-description__text-wrapper\">\n              <div class=\"invest-landing-description__title\">\n                <span class=\"invest-landing-description__title-number\">3.</span>\n                <span class=\"invest-landing-description__title-text\"\n                  >Start Bidding</span\n                >\n              </div>\n              <p class=\"invest-landing-description__text\">\n                The price of shares is rising from the first day due to the\n                demand of investors deprived of the opportunity to buy shares\n                before trading. Most of the stocks we've been recommending\n                buying over the past three years have been starting to trade on\n                the stock exchange at tens of percent higher than the price at\n                which customers bought the shares. There comes a Lock up period\n                when it is forbidden to sell shares purchased by subscription.\n                Typically lasts 3 months.\n              </p>\n              <div class=\"invest-landing-description__factoid-wrapper\">\n                <div class=\"invest-landing-factoid\">\n                  <div class=\"invest-landing-factoid__head\">Start Bidding</div>\n                  <div class=\"invest-landing-factoid__body\">21 Jan</div>\n                </div>\n                <div class=\"invest-landing-factoid\">\n                  <div class=\"invest-landing-factoid__head\">\n                    Return forecast\n                  </div>\n                  <div class=\"invest-landing-factoid__body\">Up to 40%</div>\n                </div>\n              </div>\n            </div>\n          </div>\n          <div class=\"invest-landing-description\">\n            <div class=\"invest-landing-description__image-wrapper\">\n              <img\n                class=\"invest-landing-description__image invest-landing-description__image_profit\"\n                src=\"https://investment-prod.s3.amazonaws.com/investment-landings/04.svg\"\n              />\n            </div>\n            <div class=\"invest-landing-description__text-wrapper\">\n              <div\n                class=\"invest-landing-description__title invest-landing-description__title_invest\"\n              >\n                <span class=\"invest-landing-description__title-number\">4.</span>\n                <span class=\"invest-landing-description__title-text\"\n                  >Receiving profit</span\n                >\n              </div>\n              <p class=\"invest-landing-description__text\">\n                After the expiration of the Lock Up period, the investment is\n                automatically closed and the investor receives a profit on\n                account of the deduction commissions UT. You can always view the\n                results of your past investments in investment archive.\n              </p>\n              <div class=\"invest-landing-description__factoid-wrapper\">\n                <div class=\"invest-landing-factoid\">\n                  <div class=\"invest-landing-factoid__head\">End</div>\n                  <div class=\"invest-landing-factoid__body\">26 Apr</div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n    </div>\n\n    <div class=\"invest-landing-section\">\n      <div class=\"invest-landing-section__title\">Early profit fixation</div>\n      <div class=\"invest-landing-dropdown\">\n        <input\n          class=\"invest-landing-dropdown__input\"\n          type=\"checkbox\"\n          name=\"panel\"\n          id=\"panel-6\"\n        />\n        <label class=\"invest-landing-dropdown__label\" for=\"panel-6\">\n          Early profit fixation\n        </label>\n        <div class=\"invest-landing-dropdown__content\">\n          <p class=\"invest-landing-dropdown__text\">\n            Although no shares are allowed to be sold during the lock-up period,\n            our traders seek to offer investors fixed profit by way of using\n            various financial instruments, including forwards, options, short\n            positions etc.<br />\n            <br />\n            From the investor’s point of view this means that he or she may\n            close an investment by paying a certain part of its value (as a\n            rule, approximately 15 percent). This is due to high prices for the\n            instruments which are employed to ensure availability of fixed\n            profit. As such, you shall press any relevant button in the Investor\n            Account as soon as it is active.<br />\n            <br />\n            The closing procedure is similar to commencement of investment\n            business. You shall file a bid which is executed within a business\n            day by UT. So, your investment is closed at the price currently\n            prevailing on the stock exchange. However, we rarely recommend using\n            this feature, since upon expiry of an applicable lock-up period the\n            average performance is higher.\n          </p>\n        </div>\n      </div>\n    </div>\n\n    <div class=\"invest-landing-section\">\n      <div class=\"invest-landing-section__title\">Fee</div>\n      <div class=\"invest-landing-dropdown\">\n        <input\n          class=\"invest-landing-dropdown__input\"\n          type=\"checkbox\"\n          name=\"panel\"\n          id=\"panel-7\"\n        />\n        <label class=\"invest-landing-dropdown__label\" for=\"panel-7\">\n          Fee\n        </label>\n        <div class=\"invest-landing-dropdown__content\">\n          <div class=\"invest-landing-dropdown__row\">\n            <div\n              class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\"\n            >\n              <div class=\"invest-landing-subitem\">\n                <div class=\"invest-landing-subitem__wrapper\">\n                  <h3 class=\"invest-landing-subitem__title\">FOR ENTRY</h3>\n                  <p class=\"invest-landing-subitem__text\">\n                    3 per cent of the share price. This fee is charged as soon\n                    as your investment bid is confirmed.\n                  </p>\n                </div>\n              </div>\n            </div>\n            <div\n              class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\"\n            >\n              <div class=\"invest-landing-subitem\">\n                <div class=\"invest-landing-subitem__wrapper\">\n                  <h3 class=\"invest-landing-subitem__title\">FOR EXIT</h3>\n                  <p class=\"invest-landing-subitem__text\">\n                    1.75 per cent of the purchase price paid for your shares as\n                    soon as trading is closed. This fee is charged upon closure\n                    of any relevant investment.\n                  </p>\n                </div>\n              </div>\n            </div>\n            <div\n              class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\"\n            >\n              <div class=\"invest-landing-subitem\">\n                <div class=\"invest-landing-subitem__wrapper\">\n                  <h3 class=\"invest-landing-subitem__title\">SUCCESS</h3>\n                  <p class=\"invest-landing-subitem__text\">\n                    20 per cent of the profit your derive. This fee is charged\n                    only if you show positive performance as of the moment any\n                    relevant investment is closed.\n                  </p>\n                </div>\n              </div>\n            </div>\n            <div\n              class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-6\"\n            >\n              <div class=\"invest-landing-subitem\">\n                <div class=\"invest-landing-subitem__wrapper\">\n                  <h3 class=\"invest-landing-subitem__title\">TO EARLY EXIT</h3>\n                  <p class=\"invest-landing-subitem__text\">\n                    Usually, 15 per cent (depends on the stock exchange\n                    environment). It is calculated per each investment\n                    individually.\n                  </p>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n    </div>\n\n    <div class=\"invest-landing-section\">\n      <div class=\"invest-landing-section__title\">\n        Advantages Enjoyed by Those Investing with United Traders\n      </div>\n\n      <!-- panel 8 -->\n      <div class=\"invest-landing-dropdown\">\n        <input\n          class=\"invest-landing-dropdown__input\"\n          type=\"checkbox\"\n          name=\"panel\"\n          id=\"panel-8\"\n        />\n        <label class=\"invest-landing-dropdown__label\" for=\"panel-8\"\n          >Advantages Enjoyed by Those Investing with United Traders</label\n        >\n        <div class=\"invest-landing-dropdown__content\">\n          <div class=\"invest-landing-dropdown__row\">\n            <div\n              class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7 invest-landing-dropdown__column_gap-right-1\"\n            >\n              <div class=\"invest-landing-subitem\">\n                <div class=\"invest-landing-subitem__wrapper\">\n                  <h3 class=\"invest-landing-subitem__title\">RELIABILITY</h3>\n                  <p class=\"invest-landing-subitem__text\">\n                    Our risk managers ensure proper support throughout the\n                    entire transaction.\n                  </p>\n                </div>\n              </div>\n            </div>\n            <div\n              class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-8 invest-landing-dropdown__column_gap-right-1\"\n            >\n              <div class=\"invest-landing-subitem\">\n                <div class=\"invest-landing-subitem__wrapper\">\n                  <h3 class=\"invest-landing-subitem__title\">\n                    IN THE PROFIT FROM THE FIRST DAY\n                  </h3>\n                  <p class=\"invest-landing-subitem__text\">\n                    Such an approach allows it to limit extra risks related to\n                    bankruptcy of start-ups and considerably increase profit vs\n                    investors purchasing shares on open Market.\n                  </p>\n                </div>\n              </div>\n            </div>\n            <div\n              class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7\"\n            >\n              <div class=\"invest-landing-subitem\">\n                <div class=\"invest-landing-subitem__wrapper\">\n                  <h3 class=\"invest-landing-subitem__title\">\n                    LOW ENTRY THRESHOLD\n                  </h3>\n                  <p class=\"invest-landing-subitem__text\">\n                    Millions of dollars are required to buy shares on a\n                    subscription basis. We have generated a pool of traders and\n                    investors which enables any newbie to participate in any\n                    transaction as aforesaid by investing just USD50 or more.\n                  </p>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n    </div>\n  </section>\n</div>\n","listIndex":2238,"lockupFinishDate":"2022-06-04T10:14:03+03:00","minAmount":{"__typename":"MoneyV2","currency":{"__typename":"Currency","code":"USD"},"value":"100"},"profit":150,"ipoDate":"2022-05-29T10:14:03+03:00","finishRequestDate":"2022-05-28T10:14:03+03:00","period":6,"chartDescriptionLocalized":"","promoChart":null,"fees":{"__typename":"LimitedIdeaFeeV2","enterFeePercent":1,"leaveFeePercent":1,"successFeePercent":1},"type":"limited"}}},"staticQueryHashes":[]}