InnovAge Holding has finally filed to go public. InnovAge is known for providing nursing, healthcare, and social support services.

If you’re a retail investor, the easiest way to purchase InnovAge Holding shares is to buy them through your broker in the open market. The trick here is to use a brokerage that will instantly list the symbol (ticker) of the company as soon as it started trading on the NASDAQ. This is especially important if you’re a trader (not a buy&hold investor) and want to flip the stock for a profit.

Unfortunately, it’s rather difficult to invest directly into an IPO as a retail investor. Underwriters typically sell the majority of new shares to institutional investors, such as mutual funds, pension funds or hedge funds. For example, Fidelity requires investors to have assets worth at least $100,000 to be eligible to take part in the IPO process. Even if your broker allows you to participate in the public offering, there’s no guarantee they’ll allocate the full amount you have signed up for. Lastly, should you be able to buy into the IPO, keep in mind that selling the stock shortly after it started trading (also known as flipping) is frowned upon by most brokers.

IPOs are risky investments. If you want to invest in one, make sure you are well-informed.

If you would like to take a step back and read about how to buy shares online, click here.