What is IPO Margin Financing? |
Typically when you apply for an IPO, you will need to commit your funds for such application by paying for the number of shares you intend to apply for. In this case, you can apply for the number of shares based on the amount of money you have. |
Through IPO Financing, you can borrow funds to apply for more shares in your IPO application. As you are able to apply for more shares, you will also be allotted more shares in the event of a successful IPO application. In the event of over subscription, you will only be charged on the borrowed funds. This form of financing is only available to Phillip Securities Margin account holders. |
What is the quantum of financing allowed? |
Generally, IPO Financing is for shares listed in the HKEx Main Board and GEM Board. We also provide margin financing to placement for margin accounts. |
