Latest IPO Tutorial

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【New Share Subscription】Latest IPO Tutorial | 0 Interest 0 Handling Fees IPO Offer

What is an IPO?

An IPO, also known as an Initial Public Offering, is the process by which a company first offers Stocks to a public investor and turns into a publicly traded company. In general, an IPO is another financial method for a company to pool funds, expand its business, or increase brand awareness.

What are the benefits of IPO?

Potential High Returns

HONG KONG STOCK IPO MARKET TEMPERATURE HAS REBOUNDED RECENTLY, PROMPTING INVESTORS TO TAKE NOTE. Many companies tend to respond to the market in order to increase their IPO performance and to adopt a more aspirational pricing strategy that responds well to the market. Investors have the opportunity to make a profit in the short term.

Participate in emerging and long-term value-added companies

Investors can dive into the stocks of large companies in the early hours, and keep talking straight away. Only the company continues to grow after the IPO and make it easier to extract dividends (Holiday companies are fun, which can have the effect of increasing the value of Assets in the long term!

Do you have to earn on a IPO?

IPO investments come with risks such as high market volatility, uncertain company performance, etc., so decide to do your homework before you start. But in perspective, the performance of new stocks listed on Hong Kong stocks in November 2025 was generally optimistic, rising by 145% on the first day and earning almost HK$1 million in the first place!

What are the tips for depositing shares?

Futu Securities Chief Analyst Chai Chai, is here to teach you how to withdraw your new shares:

From YouTube

Latest IPO Timetable

Do complex IPO documents and ubiquitous media messages make it difficult for you to have a real-time and accurate overview of the latest listing schedules and subscription details for new stocks? we【New Stock Listing Timetable】Track and integrate all key dates for syndicates, solicitors and rights media in real time. It's all about providing a clean, straightforward New Stock Market Flow Timeline, from Recruitment of Shares to Buy-to-Buy to Listing Trade.

>>Recent IPOs: Lalamove's Parent Company Larala Technology Filed for IPO

What are the dates worth paying attention to in the IPO?

As an investor, a company listed on the stock exchange, you should be aware of the following key days:

1. Application Date: Normally 3 to 4 days from the start of the order date to the application deadline. To subscribe for a new share, please participate during the subscription period. The IPO date will be indicated in the prospectus in the prospectus.

2. Pricing Date: After the expiration of the IPO Subscription, the final issue price is mutually agreed upon by the Listing Company and the Contractor. The pricing date is generally the Trade Day after the IPO Subscription Closing Date or Expiration Day.

3. Date of Posting: The Listed Company will issue a New Share Distribution Announcement on the Trading Day preceding the New Share Listing Day.

4th. New Share Listing Day: New Share Listing Day is the first day of IPO.

5. Greenshoe Protection Term: The Investment Bank may exercise the superannuation right within 1 month of the purchase date. During this period, the share price is inflated, the Investment Bank can buy shares to support the increase in the share price, and the listed companies will increase the investment bank's new shares.

6. Banned period for foundation investors: Stocks bought by foundation investors before listing generally have a six-month no-sell period. That is, stocks bought by foundation investors cannot be sold in full, and listed companies can set a longer grace period with the investor.

7. Exclusion period for major shareholders of a listed company: New shares listed on the HKEX Main Board shall have a moratorium period of 6 months from the date of the listing of the new shares on the HKEx Main Board, and the general shareholders shall have a non-sale period of 2 years from the date of the listing of the new shares.

How to Subtract New Shares

There are 2 main types of ways to withdraw shares: Ordinary purchase and Bank financing purchase. And Futu offers a new share purchase service, let you know about the ongoing fees for the withdrawal of shares

Ordinary subscription

Bank Financing Acquisition

Subscription method

1. PURE CASH

2.Cash+Futu Financing

3.Pure Futu Financing

1.Cash+Bank Financing

2. Futu Finance+Bank Financing

3.Cash+Futu Finance+Bank Financing

favours

· Cheaper subscription fees

· Each new share can be used

· No loot required

· Enjoy preferential interest rates

· Leverage up to 10x or more

How do I increase my subscription rate?

When a new stock is market-friendly, there is no need for supply, but you are also bullish on the future. Do you want to increase the chances of listing on your own? You can choose the expansion method to purchase! Today, with Bank Financing, you can earn up to 10$ or higher, the risk is high, the medium ratio is high, the opportunity is high and the risk is correspondingly high.

IPO Fees

Want to IPO at a lower cost? Here's a guide to subscribing to new shares with 0 interest or 0 handling fees!

If you make a regular (cash) subscription, you will be exempt from handling fees;

In the case of a universal (Futu Finance) purchase, 6.8% interest is required;

If you purchase with Bank Financial Permit, you can get free of bank funds, just pay a recurring fee of HK$100 per pen immediately! You can choose the most suitable and best buying method according to your investment needs.

Subscription method	Subscription cost items	fees	Toll party	superiority	How to choose
Cash Purchase	Subscription fee	0	/	0 Subscription fee	Low Cost, Suitable for Non-Hot Stocks
Futu Finance Application	Subscription fee	0	/	Stock Stocks through Hold Positions. Do not Sell Stock Stocks, such as Repurchase Shares	Cash Stress, Holding Other Stocks
Futu Finance Application	Futu Financial Interest	Futu Financial Year Interest Rate Comparative to Hong Kong Stock Margin Trading Account Year	Futu Securities		Cash Stress, Holding Other Stocks
Bank Financing Application	Subscription fee	100 HKD/PEN	Bank or Futu Securities	Bank Expansion0Interest Provides up to 10x leverage (You can subscribe for 1 coin of 50, 100 or more)	SUITABLE FOR POPULAR NEW STOCKS AND MULTIPLE NEW STOCKS Increases the utilization rate of funds and increases the interpenetration rate
Bank Financing Application	Bank Financial Interest	0	Bank or Futu Securities

Learn more0 Interest 0 Handling Fee

At present, Futu has the opportunity to exempt 1 year of renewal fee, renewal of shares, 0 interest, 0 renewal fee, 0 cash purchase!

IPO Related Terms

GROUP A B: THE NUMBER OF SHARES ELIGIBLE FOR SUBSCRIPTION BY APPLICANTS PARTICIPATING IN THE PUBLIC OFFERING SHALL BE A, GROUP B (ALSO REFERRED TO AS GROUP A AND B). Group A, commonly referred to as “retail customers”, means subscriptions of less than $5 million; group B, referred to as “Osho”, are subscribed for more than $5 million.
TOP NOTCH: MAXIMUM SUBSCRIPTION, I.E. HALF OF THE NUMBER OF SUBSCRIPTIONS FOR INITIAL PUBLIC OFFERINGS (NOT COUNTED WITHDRAWALS). IN OTHER WORDS, THE PERSON WHO SUBSCRIBES THE MOST SHARES IN GROUP B IS CALLED THE HEAD HAMMER
One-hand hold rate: The probability that only one hand is ordered and then withdrawn
FINI: A PUBLIC STOCK RECRUITMENT PLATFORM DEVELOPED BY HONG KONG STOCK EXCHANGE. Market Participants and Regulatory Institutions can jointly manage the calculation flow for Initial Public Offering Shares (known as Public Offering Shares) on the same platform, shortening the time for new share pricing to start trading. Thanks to the birth of the FINI system, investors will purchase new shares through Futu through Bank Financing at a 0% rate, increasing the yield