IPO Stocks Subscription

Overview

Initial Public Offering (IPO) subscription service refers to the first time a company issues shares to public investors and will be listed on the stock exchange for trading. Apart from applying through the bank's designated branches or Phone Banking Services, you can also use Hang Seng Personal e-Banking (desktop version) or Hang Seng Invest Express to subscribe at ease.

You can also apply IPO financing to increase the subscription amount of IPO with a view to increase the chances of shares allotment.

Key features

IPO financing service

You can apply for IPO financing services to cater various investment needs.

IPO subscription allotment result notification service

You'll receive your IPO allotment result one day before listing through push notification if enabled or SMS.

One-stop securities service

You can use the same Hang Seng securities account to manage stock trading and subscribe any IPO listed on The Stock Exchange of Hong Kong.

Check the subscription status of IPO any time

You can use Hang Seng Invest Express or Personal e-Banking to check the status of IPO subscription and cancel IPO subscription online. A comprehensive IPO services is provided in one app.

How it works

You can now subscribe IPO, view the status and cancel the IPO application through Hang Seng Invest Express or Hang Seng Personal e-Banking (desktop version). The following will demonstrate how it works through Hang Seng Invest Express.

IPO subscription

IPO financing service

IPO stocks push notification

View IPO subscription status

Cancel IPO application

IPO subscription

Step 1

Logon to Hang Seng Invest Express and select "IPO" from the left menu

Step 1

Logon to Hang Seng Invest Express and select "IPO" from the left menu

Step 2

Select a current IPO to view details

Step 3

Follow the instructions to enter the required information and select "Preview instruction"

Step 4

Verify the information and select "Confirm"

Step 5

After successfully submitting the IPO subscription information, you'll see the acknowledgement

IPO financing service

Step 1

Log on to Hang Seng Invest Express and select "IPO" from the left menu

Step 1

Log on to Hang Seng Invest Express and select "IPO" from the left menu

Step 2

Select a current IPO to view details

Step 3

After checking IPO details, select "Apply online"

Step 4

Choose one of the IPO financing services

Step 5

Select the number of IPO share

Step 6

After entering the required information and successfully submitting the IPO information, you'll see the acknowledgement

IPO stocks push notification

Step 1

Log on to Hang Seng Personal Banking mobile app and select "Settings" from the left menu

Step 1

Log on to Hang Seng Personal Banking mobile app and select "Settings" from the left menu

Step 2

Select "My Profile"

Step 3

Select "Push Notification"

Step 4

Switch on "Enable Push Notification", "Securities transaction notification" and "More investments alerts"

Step 5

When there is an IPO result, you'll receive a push notification

Step 6

Click the push notification to view the details of the IPO

View IPO subscription status

Step 1

Log on to Hang Seng Invest Express and select "IPO" from the left menu

Step 1

Log on to Hang Seng Invest Express and select "IPO" from the left menu

Step 2

Select "Applied IPO" to check the status of applied IPO

Cancel IPO application

Step 1

Log on to Hang Seng Invest Express and select "IPO" from the left menu

Step 1

Log on to Hang Seng Invest Express and select "IPO" from the left menu

Step 2

Select an IPO labelled "Cancellable" in "Applied IPO" and then select "Cancel"

Step 3

Select "Confirm cancellation" after verifying the information

Step 4

After successfully submitting IPO cancellation, you'll see the acknowledgement

Securities account activation

Existing Integrated Account customers

Comprehensive securities experience is just a few steps away^[1]

Activate now

New or non-Integrated Account customers

Open an Integrated Account and activate your securities account and other investment accounts via Hang Seng Mobile App with ease

View details

FAQs

IPO Stocks

Which kind of account do I need to apply for IPO?

You must open a securities account for the application of IPO. For further information, you‘re welcome to call our Customer Service Hotline at (852) 2822 0228 or visit our branches.

When is the deadline for IPO subscription?

Each IPO has a different subscription period. Please refer to IPO details.

When will the IPO results be announced?

The IPO subscription results will be announced the day before the IPO listed date. Please refer to the IPO details.

Does the IPO subscription service cover other markets?

IPO subscription service is only available in the Hong Kong market.

Do I need to provide consent for Hong Kong Investor Identification Regime (HKIDR) before subscribing to IPOs?

Yes. You need to provide consent for Hong Kong Investor Identification Regime (HKIDR) before subscribing to IPOs.

How much is the IPO subscription fee?

Application amount includes 1% brokerage, 0.0027% SFC transaction levy, 0.00015% AFRC transaction levy and 0.00565% Hong Kong Stock Exchange trading fee. Customers who apply for the IPO through Hang Seng should pay the handling fee (HKD IPO: HKD100; RMB IPO: RMB85) per application for the IPO stock subscription. And such a charge will not be refunded irrespective of the allotment result or whether the company is successfully listed or not.

IPO Financing Service

What account do I need to open for the application of IPO financing?

You need to open an integrated account with Hang Seng for the application of IPO financing. For further information, you're welcome to call our Customer Service Hotline at (852) 2822 0228 or visit our branches.

What are the terms of financing?

The general terms of financing: The financing amount can be 90% of your subscription amount or below (varies among IPO stocks). You need to pay the remaining subscription amount (i.e. "deposit amount") and relevant bank service charges. The interest rate on financing will be subject to the current market environment and varies among IPO stocks.

What charges do I need to pay under this financing?

Interest from the day of advance up to the refund day (excluding the refund day). You need to pay the interest incurred separately starting from the refund day until full repayment of the loan amount (excluding the repayment day) if you fail to repay the full loan amount on the refund day. A handling fee of HKD100 for IPO stock subscription. 1% brokerage, 0.0027% SFC transaction levy, 0.00015% AFRC transaction levy and 0.00565% Hong Kong Stock Exchange trading fee.

Interest Calculator

Please provide the following information to calculate the interest to be paid:

Do you want to apply a new Asset Link Secured Overdraft?

Yes

Do you want to apply a new Investment Financing Service?

Yes

Overdrawn amount Loan amount Loan Amount Total loan amount after top-up Balance Amount Limit / statement debit balance Instalment amount (Minimum HKD800.00)

Loan amount

Loan period

day(s)

Repayment period

Monthly handling fee (%)

Annualised Interest Rate (p.a.)

Your loan plan Result Your instalment plan

Monthly repayment amount

HKD HKD -

Monthly flat rate

- %

Monthly handling fee (%)

HKD -

	Debt Consolidation Instalment Loan	Credit Card Minimum Payment

	Debt Consolidation Instalment Loan	Credit Card Minimum Payment
Monthly repayment amount	HKD -	Minimum Payment
Total interest amount	HKD - (Save HKD -)	HKD -
Repayment period	72 month(s) (Shortened by - month(s))	- month(s)

The Annualised Percentage Rate of Debt Consolidation Instalment Loan is -

Your payment will be as follows if you make no additional changes using this account:

Each month you pay (HKD)	Repayment period	Estimated total payment amount (HKD)

Each month you pay (HKD)	Repayment period	Estimated total payment amount (HKD)
Only the minimum repayment	- month(s)	-
-	36 month(s)	-

Annual interest rate

- %

Annualised Percentage Rate (”APR“)

- %

Daily interest payable Daily interest paid

HKD -

Monthly interest paid^[6] Monthly interest paid^[7]

HKD - -

Monthly minimum payment amount

HKD -

Total interest to be paid^[2]

HKD -

Annualised interest rate (p.a.)

The result of the interest calculator is for reference only. The actual repayment liability depends on the actual terms of each borrowing arrangement.

Remarks

Prime Rate refers to the Hong Kong Dollar Prime Lending Rate as quoted by Hang Seng Bank Limited from time to time.
The total interest to be paid is calculated by assuming there are 365 days every year and the daily loan amount remains unchanged.

Other related products

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Place your order online with 4 simple steps
Effortless synchronization of traders’ watch list across all Hang Seng online platforms
Provide IPO subscription and IPO financing service (not applicable to US securities)

View details

US Securities Trading Service

Unlimited free real-time US stocks quotes
Online submission of Substitute Form W-8BEN
Comprehensive US stocks market data
US market news with Chinese translation^[3]

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Useful information

Need more help?

Disclaimer

Investors should note that all investment involves risks. Prices of securities may go up or down and may even become valueless. Investors should read the relevant prospectus for detailed information about the proposed offer and seriously consider if investment in the relevant shares is suitable for his/her investment needs by reference to his/her financial situation, investment experience, investment objectives and other conditions and needs before deciding whether to invest in the relevant shares. If required, investors should obtain independent legal, financial and other professional investment or other advice before making any investment decision.

Other point(s) to note

For IPO financing application made through Hang Seng Personal e-Banking, you are responsibile for checking for the status under "Applied IPO" and for any reply email notifying you that your application has been rejected. This email will be sent to "Inbox" in Hang Seng Personal e-Banking.
Any allotted shares and/or refund amount will be paid to you after the allotment result of the relevant Public Offer is made available to the Bank. If the refund amount is not sufficient to settle the loan amount, you must pay interest on the outstanding amount of the loan at the specified unauthorised overdraft interest rate.
On the refund day specified in the relevant prospectus of the IPO stocks (the Payment Due Day or Refund day is subject to any announcement or subsequent revision by the issuer of the relevant IPO stocks), you must repay the sum payable in respect of the loan in full in one lump sum. If you are unable to repay the loan and the interest accrued on the Payment Due Day, you should deposit the outstanding amount in cash to the payment account of such loan or place a selling order with the Bank to sell the subscribed shares before the closing of the morning session of the continuous trading session ("Morning Closing") on the first listing day of the IPO stock for settlement of the outstanding loan and accrued interest. If the sum outstanding under this Loan is not fully repaid and no such sell order is placed or such sell order cannot be executed before the Morning Closing on the First Listing Day, the Bank shall be entitled to, without demand, notice or any other action with respect to you, sell or otherwise dispose of all or some of the subscribed shares on your behalf at any time during the afternoon session of the continuous trading session on the First Listing Day (or at any time the Bank deems expedient) and (if applicable) to cancel or amend (whether in whole or in part) any selling order that you have placed in relation to the subscribed shares that cannot be fully executed before the Morning Closing on the First Listing Day to the extent the Bank considers appropriate or at any time and in any way the Bank deems expedient.

Remark(s)

You may also activate your securities account and other investment accounts via Hang Seng Mobile App (not available to customers who only hold joint-named Integrated Account(s)).

To borrow or not to borrow? Borrow only if you can repay!

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Get a start on Initial Public Offering (IPO) Subscription through Hang Seng

Overview

Key features

IPO financing service

IPO subscription allotment result notification service

One-stop securities service

Check the subscription status of IPO any time

How it works

IPO subscription

IPO financing service

IPO stocks push notification

View IPO subscription status

Cancel IPO application

IPO subscription

Step 1

Step 2

Step 3

Step 4

Step 5

IPO financing service

Step 1

Step 2

Step 3

Step 4

Step 5

Step 6

IPO stocks push notification

Step 1

Step 2

Step 3

Step 4

Step 5

Step 6

View IPO subscription status

Step 1

Step 2

Cancel IPO application

Step 1

Step 2

Step 3

Step 4

Securities account activation

Existing Integrated Account customers

New or non-Integrated Account customers

FAQs

IPO Stocks

IPO Financing Service

Service is temporarily unavailable

Other related products

Hang Seng Invest Express x etnet

US Securities Trading Service

Useful information

Need more help?

Call our 24-hour hotline

Visit our branches

Email us

Footnote

Disclaimer

Other point(s) to note

Remark(s)