Risk Disclosure

Last Updated: August 2026

1. Investment Risk

All investments in securities involve risk, including the possible loss of some or all invested capital. Past performance, demand or market sentiment does not guarantee future results.

2. Market Risk

Security prices may fluctuate because of market sentiment, interest rates, investor behavior, global events and other factors. Market movements can materially affect an IPO before and after listing.

3. IPO Risk

IPOs may have limited trading history, uncertain price discovery and incomplete information about public-market performance. An IPO may be withdrawn, delayed, undersubscribed or list below its issue price.

4. Liquidity Risk

There may be insufficient buyers or sellers for an IPO security. Limited liquidity can make it difficult to enter or exit a position at the expected price or within the desired time.

5. Valuation Risk

An IPO's issue price may not reflect its fair or sustainable value. Valuation assumptions, peer comparisons, growth expectations and market conditions may prove inaccurate.

6. Business Risk

Issuers face risks relating to competition, management, operations, debt, profitability, customer concentration and execution. These risks may negatively affect the company and its securities.

7. Regulatory Risk

Changes in securities law, taxation, listing requirements or other regulation may affect an IPO, the issuer, market access or investor returns.

8. Economic Risk

Inflation, interest rates, currency movements, political events, recessions and global economic conditions may adversely affect issuers, industries and securities markets.

9. Data Accuracy Risk

IPO schedules, GMP, subscription figures, financial data and other information may be delayed, revised, incomplete or inaccurate. Decisions should be checked against official offer documents and exchange disclosures.

10. Technology Risk

Website outages, connectivity failures, software defects, cyber incidents or delayed updates may affect access to IPOWEB and the availability or timeliness of information.

11. Third-Party Platform Risk

Brokers, registrars, exchanges and other external platforms operate independently of IPOWEB. Their outages, errors, security incidents or transaction failures are outside IPOWEB's control.

12. User Responsibility

Users must assess their objectives, financial position and risk tolerance, conduct independent research and review official documents. Users should consult a qualified financial advisor before investing when professional guidance is needed.

13. Final Risk Warning

IPOWEB provides educational and informational content only. No information, analysis, GMP figure or market signal guarantees profit or a successful investment outcome. All investments in securities involve risk, and users may lose some or all of their invested capital.