IBA tokens can be purchased at the prevailing NAV, which is here.
The IBA Fund is open-ended. In an open-ended structure, there will always be liquidity for investors looking to enter and exit the fund as investors are not required to trade through an exchange. Furthermore, no listing fees are incurred by the fund and investors are not exposed to market premiums or discounts.
The USD value of an investor’s contribution is fixed once their transaction has confirmed (based on the current fair market value and a small spread to account for processing fees). At the time at which the new token price is calculated (the dealing time), the number of tokens to send to the investor is determined by the newly calculated token price.