What is an IPO ?
According to the Listing Rules, equity securities may be listed through a number of methods, including public subscription, offer for sale, placing and introduction. An IPO is the first-time sale of equity shares of a company through public subscription. An IPO must be accompanied by a prospectus which provides detailed corporate, financial and other relevant information of the company approved for listing and the timetable for the IPO. Investors can obtain prospectuses and application forms from broker firms or designated banks as set out in the section of a prospectus usually headed How to Apply for the Public Offer Shares.
How to I subscribe online?
Clients need to open a securities trading account with Zudiao Securities to subscribe for IPO shares. Clients simply login Zundiao Online and follow the relevant procedures to complete the subscription for the shares. The allotted shares will be directly credited to clients’ Zundiao Securities trading account on the allotment day. Shares can be traded on or after the first listing day.