What is an IPO?
IPO (Initial Public Offering) means a company issues shares and raises fund in the capital market through financial intermediary for business development and future expansion.Investors who have successfully been allotted with the new shares will become the shareholders of this listed company.
How can I subscribe for IPO shares?
In general case, if you want to subscribe for IPO shares, you can choose one of the following channels:
White form: If you choose to subscribe for IPO shares under your own name, please use the white form. Those who have been successfully allotted with the new shares will receive the share certificates.You must deposit the share certificates into a securities account with a bank/broker before trading.
Yellow form: If you use the yellow form, the allotted shares will be deposited directly in the stock account of a bank /broker in CCASS.The bank /broker will simultaneously credit the shares into your securities account.The allotted shares can be traded on the first day of listing.
eIPO Service Offered by Bank of China (Hong Kong)
You can subscribe for IPO shares using a white application form through the website of BOC(HK), or using a yellow form through Internet Banking:
For application using white form:
You may make the hassle-free payment via cheque/cashier's order, online PPS payment or Internet Banking* without the trouble of visiting our branches.
For application using yellow form:
All you need is to maintain the Internet Banking and securities accounts with us and payment will be debited directly from your settlement account.
* The available payment method is subject to the decision of the issuer/sponsor.
BOCHK IPO Subscription Service via Securities Margin Account
Subscribe IPO shares with Available Investment Amount of your securities margin account to enjoy flexibility in funds
Allotted shares will be deposited to your securities margin account directly, enabling you to manage investment conveniently
Available Investment Amount of the securities margin account will be increased on the listing date if the allotted IPO shares are eligible for margin1.
You can subscribe IPO shares via Internet Banking and Phone Banking with just a few steps:
Step 1: Maintain a BOCHK securities margin account
Step 2: Ensure there is sufficient Available Investment Amount and/or cash balance in your securities margin account
Step 3: Select the securities margin account for IPO subscription
1. Only applicable to designated IPO shares.
Terms and Conditions:
- For details of the relevant products and promotional offers, please contact the staff of Bank of China (Hong Kong) Limited ("the Bank").
- The above service is only applicable to designated IPO shares.
- Customer should always monitor the position of securities margin account when using the securities margin account for IPO subscription. If there is a margin call, customer has the responsibility to pay the amount of the margin call. The Bank may at any time, without notice, cancel the application or sell the related securities to offset the cash shortfall.
- When customer subscribes IPO shares via securities margin account, interest will accrue on the debit balance in the customerís securities margin account at the overdraft rate and the manner decided by the Bank from time to time, and will be debited to the customerís account at the times decided by the Bank.
- The Bank reserves the right to amend and/or withhold the above terms and conditions at its sole discretion without further notice.
- In case of any discrepancy(ies) between the Chinese and English versions, the Chinese version shall prevail.
Risk of securities trading service
The prices of securities fluctuate, sometimes dramatically. The price of a security may move up or down, and may become valueless. It is as likely that losses will be incurred rather than profits made as a result of buying and selling securities.
Risk Disclosure of Securities Margin Trading
The risk of loss in financing a transaction by deposit of collateral is significant. You may sustain losses in excess of your cash and any other assets deposited as collateral with the licensed or registered person. Market conditions may make it impossible to execute contingent orders, such as "stop-loss" or "stop-limit" orders. You may be called upon at short notice to make additional margin or interest payments. If the required margin or interest payments are not made within the prescribed time, your collateral may be liquidated without your consent. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. You should therefore carefully consider whether such a financing arrangement is suitable in light of your own financial position and investment objectives.