IPO Shares Subscription and IPO Financing

Current IPO 

The cut-off time for IPO subscription by cash via Internet / Mobile Banking is 10:00 am on the closing day of subscription.

Current IPO available for subscription.

Listing
Date
Stock Code Stock Name Bank Subscription
Period
Application
Channel
New Issue
Subscription Charge
From To
2024/3/8 2535 WK Group (Holdings) Limited 2024/2/29 2024/3/4
17:00
via Branches Waived*
2024/3/4
19:00
via IPO Hotline
(3988 2688)
2024/3/5
10:00
Subscribe via
Internet Banking

or
Subscribe via
Mobile Banking

or
call
Auto Stock
Trading Services
2024/3/8 2540

Lesi Group Limited

2024/2/29 2024/3/4
17:00
via Branches Waived*
2024/3/4
19:00
via IPO Hotline
(3988 2688)
2024/3/5
10:00
Subscribe via
Internet Banking

or
Subscribe via
Mobile Banking

or
call
Auto Stock
Trading Services

Remarks:

  • All fees and charges charged by the Bank in connection with the IPO shares subscription will not be refunded once IPO shares subscription is made through the Bank.
  • Application for IPO financing^ is available on a first-come-first-served basis.
  • The Bank reserves the right to amend the relevant terms and conditions at its sole discretion without prior notice to customers.
  • In case of any dispute, the decision of the Bank shall be final.
  • Should there be any discrepancy between the English and Chinese versions, the Chinese version shall prevail.

*For IPOs that start subscription from 1 January 2024 to 31 March 2024 (“Promotion Period”), IPO subscription fee of HK$100 will be waived.

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

 

Risk Disclosure:
The following risk disclosure statements cannot disclose all the risks involved and does not take into account any personal circumstances unknown to BOCHK. You should undertake your own independent review and seek independent professional advice before you trade or invest especially if you are uncertain of or have not understood any aspect of the following risk disclosure statements or the nature and risks involved in trading or investment. You should carefully consider whether trading or investment is suitable in light of your own risk tolerance, financial situation, investment experience, investment objectives, investment horizon and investment knowledge.

Risk Disclosure of Securities Trading
Risk of Securities Trading

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 profit made as a result of buying and selling securities.

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 position 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 advice before making any investment decision. This information on this website does not constitute an offer or an invitation or an inducement by the Bank to any person to acquire, purchase or subscribe for the shares proposed to be offered.

IPO Shares Information

Powered by the Stock Information on our website, you can always keep abreast of the latest IPO news and information to make timely investment decisions.


Risk of securities trading

The prices of securities may fluctuate, sometimes dramatically. The price of securities may move up or down, and may become valueless. It is likely that losses will be incurred rather that profit made as a result of buying and selling securities.

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 position 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 advice before making any investment decision. This information on this website does not constitute an offer or an invitation or an inducement by the Bank to any person to acquire, purchase or subscribe for the shares proposed to be offered.


Risk of trading Growth Enterprise Market Stocks

Growth Enterprise Market (GEM) stocks involve a high investment risk. In particular, companies may list on GEM with neither a track record of profitability nor any obligation to forecast future profitability. GEM stocks may be very volatile and illiquid. You should make the decision to invest only after due and careful consideration. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors. Current information on GEM stocks may only be found on the internet website operated by The Stock Exchange of Hong Kong Limited. GEM Companies are usually not required to issue paid announcements in gazetted newspapers. You should seek independent professional advice if you are uncertain of or have not understood any aspect of this risk disclosure statement or the nature and risks involved in trading of GEM stocks.

IPO Shares Subscription Service

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.

 

 

BOCHK IPO Subscription Service

You may subscribe IPO shares via BOCHK IPO subscription services,

  • With a securities account of BOCHK, you may subscribe IPO shares via Internet Banking, Mobile Bankin, branches or Investment Service Hotline.
  • The relevant subscription amount and IPO subscription handling fee will be deducted from the settlement accountNote1, the allotted shares will be be deposit into your securities account automatically to allow you to trade from the listing day onwards.
  • The refund of the subscription amount of unsuccesful part shall be deposit to your settlement accountNote1 in the night of the next day of public offer application deadline the earliest time.
  • Multiple service channels and ancillary services:
Service Channels & Designated Service Hour IPO Subscription ApplicationNote2 Subscription CancellationNote2
(Not applicable to IPO Financing)
Application Record/Allotment Result IPO Financing ApplicationNote2
Mobile Banking/
Internet Banking
24 hoursNote3 Mondays to Fridays 6:00 - next day 2:00 (early morning)Note4 24 hours 24 hours
Branches Mondays to Fridays 9:00 - 17:00,
Saturdays 9:00 - 13:00Note4
Mondays to Fridays 9:00 - 17:00Note4 Mondays to Fridays 9:00 - 17:00,
Saturdays 9:00 - 13:00Note4
Mondays to Fridays 9:00 - 17:00Note4
Investment Service Hotline
(Manned Stock Trading Services)
Mondays to Fridays 9:00 - 19:00,
Saturdays 9:00 - 13:00Note4
Mondays to Fridays 9:00 - 19:00Note4 Mondays to Fridays 9:00 - 19:00Note4 Mondays to Fridays 9:00 - 17:00Note4
Remark: Only applicable to Personalised Securities Services

 

Notes:

  1. If customer subscribe via securities margin account, the subscription amount and IPO subscription handling fee shall be debited from the cash balance of securities margin account and the refund shall be deposited to the aforesaid cash balance.
  2. IPO Subscription/Subscription Cancellation must be submitted and confirmed by the bank's application deadline for each IPO announced by the bank, IPO financing service is only applicable to selected IPOs and the application must be submitted before the application deadline of IPO financing announced by the bank for each IPO.
  3. If customer subscribe via the securities margin account, the service is not available on Tuesdays to Saturdays 2:30 - 6:30 and Sundays 2:30 - 8:00.
  4. Not available on public holidays.

 

 

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      

Remark:

  1. Only applicable to designated IPO shares.



Terms and Conditions

  • For details of the relevant products and promotion 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 customer's securities margin account at the overdraft rate and the manner decided by the Bank from time to time, and will be debited to the customer's 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.
  • Should there be any discrepancy between the English and Chinese versions, the Chinese version shall prevail.

 

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

 

Risk Disclosure
Risk of Securities Trading

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.

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 position 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 advice before making any investment decision. This information on this website does not constitute an offer or an invitation or an inducement by the Bank to any person to acquire, purchase or subscribe for the shares proposed to be offered.

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.

NEW IPO Financing Services

Subscribing IPO Shares through our brand-new IPO Financing Services^, which offer financing ratio of up to 90%Note1 of the subscription amount and calculate the loan interest based on the actual loan amount to reduce your interest costNote2, enables you to grasp investment opportunities.

Example:

Scenario Apply for IPO Financing Subscription: HK$1 million IPO shares
Pay deposit amount: HK$100,000
Apply for loan amountNote3: HK$900,000
Public Offer Application Deadline
(1st Business Day)
Successfully debit the deposit amount and other fees of the bank (if applicable).
Provide loan commitment.
Have not started to use the loan amount.
Pricing Day
(2nd Business Day)

Customer A


Successfully allotted: HK$80,000 IPO shares
Actual Loan Amount: HK$0
(The deposit amount is enough to pay the allotted amount, the customer doesn’t need to use the loan amount.)

Receive refund of HK$20,000

Customer B


Successfully allotted: HK$120,000 IPO shares
Actual Loan Amount: HK$20,000
(The deposit amount of HK$100,000 is not enough to pay for the allotted amount of HK$120,000, the difference will be automatically settled by loan amount of HK$20,000 drawn from the HK$900,000 loan commitment.)
Repayment Day
(3rd Business Day)
Repayment Amount:HK$0 Repayment Amount:HK$20,000 + 1 day interestNote4
Need to repay on this date. If the repayment is not made on this day, the IPO shares shall be forced liquidated (forced selling) automatically on the listing day for repayment and customer shall pay default interest.

Notes:

  1. IPO Financing service is only applicable to designated IPOs, different maximum percentage of financing may be specified for different IPOs.
  2. BOCHK may have different charges for each IPO financing, please read the IPO financing application information of each IPO for details.
  3. For each IPO, customer needs to apply for the loan commitment individually.
  4. The number of day elapsed for calculating interest amount is on daily basis (calendar day). Depending on the IPO public offering schedule, it is possible that there is holiday between pricing day and repayment day, thus leads to more than 1 day interest.

 

You can apply for IPO Financing with ease through Internet Banking, Mobile Banking or any BOCHK branch or your dedicated Securities Services Manager#

#Only applicable to selected customers.

 

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

Risk Disclosure:

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 position 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 advice before making any investment decision. This information on this website does not constitute an offer or an invitation or an inducement by the Bank to any person to acquire, purchase or subscribe for the shares proposed to be offered.