HK IPO Pre-subscription Rules
- You can lock in your IPO quota in advance by submitting a “Pre-order” before the official IPO. The system will automatically create a “Subscription Order” for the same amount after the official IPO begins.
- The funds will be locked after the “Subscription Order” is created in the official offering, rather than after the successful placement of the “Pre-order”. The “Subscription Order” cannot be canceled after it is created.
- No handling fee will be charged for “Pre-order”, but subscription fees and bank financing interest will be charged according to the IPO subscription rules after “Subscription Order” is created.
- “Pre-order” refers to bank financing subscription by appointment: Longbridge bank financing “Up to 20 times leverage” is subject to availability. Some popular stocks may have quota restrictions, while some other stocks may not support bank financing.
- If the platform cannot allocate successfully due to insufficient cash value of the user’s account, existing subscription orders, or because the financing amount is less than 1 lot, etc., the “subscription order” cannot be created and the subscription fails. Users can pay attention to the subsequent opening of the quota and subscribe by themselves.
- If you do not have sufficient HKD cash in your account, HKD debit financing will be incurred and financing interest will start to be calculated on a daily basis after the “Subscription Order” is created.
- Longbridge will make reasonable allocations based on the amount of financing quota obtained but cannot ensure that all orders will be allocated when the quota is insufficient.
- IPO listing may be postponed or canceled. For prepaid subscription orders, the financing interest and subscription fees charged will not be refunded.
- Please consider the risks carefully before subscribing, as IPO stock prices may go up or down on the first day of trading.
- Please refer to the “IPO Subscription FAQs” for more information about IPO subscription such as subscription fees, fund deduction, and refund.
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