Stock eIPO

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Subscribe to latest initial public offerings smoothly and simply through Business Internet Banking.

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Features and benefits

Through Business Internet Banking, you can apply for stock IPO under the name of your company through HSBC IPO Nominees Services

The handling fee per Yellow Form application through HSBC Business Internet Banking - HKD50

One-stop shop to apply for and trade Hong Kong IPO shares via Business Internet Banking

Shares allotted will be credited to your securities account on or before the first listing date, helping avoid postal delays and the risk of lost share certificate

24-hour application during the IPO offer period

Refunds from any unsuccessful applications will be credited to your designated bank account on the refund day, again avoiding postal delays and the risk of lost refund cheques

Trade allotted Hong Kong IPO shares on their first listing day

eIPO Frequently Asked Questions

What is an IPO?

IPO stands for Initial Public Offering. It is the first time a company issues securities/bonds to investors. The newly issued securities/bonds may be listed on a stock exchange.

What are the risks associated with IPOs?

Over-subscribing to an IPO

In some cases, IPOs may be oversubscribed. The company may go through a balloting/allocation process to determine whether an investor will receive any securities and if so, in what quantity. An investor may be tempted to subscribe for a greater quantity than he intended to, believing that he will not receive the full amount in case of over-subscription. However if the IPO is not oversubscribed, the investor will receive all the quantity applied for and will have to pay the full cost.

Market risk

There is a risk that the company's share price will drop below its initial IPO price, once the company's securities/bonds trading (on the stock market or otherwise) commences. Securities/bond/ prices will fluctuate over time.

Company risk

It is vital to understand the company and the business you are investing in. Thoroughly study the prospectus, financial reports and even seek professional advice before you make investment decisions. For more information on investing, visit our Investment Services.

What is HSBC IPO Nominees Services?

It is a service open for HSBC Investment Services/Securities account holders to subscribe for newly listed/issued securities/bonds/certificates of deposits in IPO in the name of HSBC Nominees (Hong Kong) Limited. Company customers can click here and follow the links to fill in the IPO application form and choose the settlement account from any of their HSBC accounts.

What are the benefits of applying with HSBC IPO Nominees Services?

HSBC would like to provide you with the greatest convenience. If you choose to apply for securities with HSBC IPO Nominees Services (to do so, you must maintain an Investment Services/Securities account with HSBC), we will help you through with the whole application process, and you may enjoy the following benefits:

  • Payment Convenience - you can choose to pay the application money from any of your company’s HSBC account and we will directly debit your account, saving much of your time in payment arrangement.
  • Earliest Availability - your allotted securities/bonds/certificates of deposit will be directly credited into your Investment Services/Securities account on the first listing/issue day, which will allow you to take immediate actions according to market conditions.
  • Refund Convenience - any refund of the application money will be directly credited to your payment account.

Do I need to register with HSBC if I apply through HSBC IPO Nominees Services? Is there any service charge or handling fee?

Yes, to apply through HSBC IPO Nominees Services, you need to maintain an Investment Services/Securities account with the Bank. The securities/bonds/certificates of deposit allotted will be directly deposited into the Investment Services/Securities account with the Bank. Unless otherwise specified, there will be a handling charge of HKD50 for every stock IPO application through HSBC Business Internet Banking. The handling charge will be HKD100 if the stock IPO application is through our branches. There may also be other charges in respect of individual IPO. Please refer to the details of respective IPO at the eIPO Centre.

How can I make the application payment for the application? Is there any maximum payment limit applicable?

With HSBC IPO Nominees Services, you can choose to debit the application money from any of your company’s HSBC savings or current accounts.

There is no payment limit as long as you have deposited enough money for the application in your chosen settlement account. However, you should ensure that there are sufficient funds in the account to cover the full subscription cost no later than 12 midnight on the day which is one business day prior to the closing date of the public offer period, otherwise, your IPO application will be cancelled accordingly.

Is online IPO application available 24 hours a day?

Yes, it is a round-the-clock service and you can submit your application online for the particular IPO anytime within the specified HSBC IPO Nominees Services offering period.

How do I know if whether my application has been successfully submitted?

Application money will only be debited from your chosen settlement account on the IPO closing date if the application has been successfully submitted.

Can I amend or cancel my application?

No, once you submit the eIPO application, we will start processing it and you cannot amend or cancel your application.

How do I know if my application is successful or not?

For successful applications, newly allotted securities/bonds/certificates of deposit will be credited into your Investment Services/Securities on the Issue Date. You can then take immediate action according to market conditions.

How will I be refunded should my application be partially successful or wholly unsuccessful?

For partially successful and wholly unsuccessful applications, the application money (or part thereof) will be credited back directly to your chosen settlement account within the days specified in the respective Prospectus/Offering Memorandum.

The Bank does not provide investment advice. Investment involves risk. The price of stocks may move up or down. Losses may be incurred as well as profit made as a result of buying and selling stocks. Full details of the terms and conditions of the above services are available on request.

This document does not constitute an offer for the purchase or sale of any investment products. You should carefully consider whether any investment products or services mentioned herein are appropriate for you in view of your investment experience, objectives, financial resources and circumstances.

Risk disclosure:

Investment involves risk. You should carefully consider whether any investment products or services mentioned herein are appropriate for you in view of your investment experience, objectives, financial resources and relevant circumstances. The price of securities may move up or down. Losses may be incurred as well as profits made as a result of buying and selling securities.

For Renminbi (RMB) products:

  • There may be exchange rate risks if you choose to convert RMB payments made on the securities to your home currency.
  • RMB products may suffer significant losses in liquidating the underlying investments if such investments do not have an active secondary market and their prices have large bid/ offer spreads.
  • In general, RMB equity products are exposed to the usual kind of default risks that might be associated with equity products denominated in other currencies.

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