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Ultra high Financing
Capacity in IPO Financing

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Upcoming and Recently
Listed IPOs

Stay informed about upcoming IPOs with details such as listing dates, issue prices, minimum subscription amounts, and first-day price increases of previously listed IPOs.

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*The top three stocks ranked by first-day gain among the top ten by market capitalization that listed between October 30, 2023, and October 29, 2024. Data as of October 29, 2024.

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Hong Kong's No.1
Tech Brokerage

NO.1
HK stock trading app
by
downloads
24 million
Total number of users
HK$693.4 billion
Total client assets
HK$4.2 Trillion
Total annual
trading
volume

*Data Source: Futu Q3 2024 Financial Results as of 30th September, 2024,
while the total annual trading volume data is from Futu's 2023 full-year financial results.

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Investment Journey

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Licensed & Compliant

Licensed securities broker regulated by the Hong Kong Securities and Futures Commission (CE No.: AZT137) with type 1/2/3/4/5/7/9 licences
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Investor Protection

Hong Kong Investor Compensation Fund (ICF) and US Securities Investor Protection Corporation (SIPC) covers each investor up to a maximum compensation of HK$500,000 and US$500,000 for assets in US stocks
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Account Protection

Client assets are securely custodied at independent banks. With our proprietary risk control system, we are dedicated to protecting all user data

FAQS

1.
How do I initiate an IPO subscription through the Futubull app?

Open the Futubull App, navigate to Markets, select HK, and then IPO to choose and subscribe to your chosen IPO.

2.
When are allotment results announced and refunds for unallotted shares processed?

Allotment results are generally announced one trading day before the IPO. On this day, allocated shares will be deposited into your account, and any funds from unsuccessful subscriptions or surplus funds due to final price adjustments will be refunded. Please review your account for details on funds and settlements.

3.
After being allotted shares, when can I begin trading them?

Any shares allotted or bought in the grey market can be traded in the grey market on that same day.

4.
What is Pre-IPO trading?

The Pre-IPO trading is an over-the-counter market. In Hong Kong, it is generally used for Pre-IPO trading of new stocks, which takes place after the close of trading on the trading day before the IPO. Hong Kong stocks are usually traded through the HKEX system during trading hours, but the Pre-IPO trading is not through the exchange system but through the internal system provided by some brokerage firms.

5.
How to trade pre-IPO trading on FUTU?

Find the pre-IPOstocks that will be listed the next day and want to trade in the "Pending Listing", then to place an order by entering the quantity and price to confirm the transaction.

6.
Can funds from selling shares be used immediately to subscribe to IPOs?

Funds from stocks sold on the same day can be used to subscribe to IPOs if the T+2 deadline hasn't passed. However, if the T+2 has expired, availability will depend on the remaining daily quota of Futu's margin financing, which closes once filled.

7.
How can I find out the available bank financing quotas for different IPOs?

Go to the IPO section, select the IPO you want to subscribe to and check the remaining financing quota under Bank Financing.

8.
When is margin interest calculated, and when is it deducted?

Margin interest is calculated from the subscription cut-off date until the results announcement date. It is deducted on the day the allotment results are announced. Click here for detailed information on margin interest costs.
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Disclaimer
The pictures shown herein are for illustrative purposes only and do not constitute any investment advice.

Displayed third-party logos, brands, or trademark images on screens or web pages are only for identification purposes and remain the property of their respective owners.

This page is not and should not be regarded as an offer, solicitation, invitation, or recommendation to buy or sell any investment products or the basis for investment decisions, nor should it be construed as professional advice. People who read this page or before making any investment decisions should fully understand the risks and the characteristics and consequences of relevant laws, taxes, and accounting, decide whether the investment is in accordance with their individual financial situations and investment goals and whether they can endure relevant risks based on their personal circumstances, and seek appropriate professional advice when necessary.