How to apply IPOs (Initial Public Offerings) online?
All POEMS clients can apply IPOs online. Simply click "IPO (Main Board)/(Gem Board)" in the BUY/SELL page, fill in the blanks and then press "submit" will do.

This service is only available to POEMS clients only, either custodian or margin clients. Want to become POEMS clients? Click here to apply.

Margin clients can also enjoy IPO margin Financing. Please refer to IPO margin Financing below for details.

What are the charges involved?
Handling Fee: $100.
Trading Fee - 0.005%

Trading Levy: 0.007%
Commission: 1%
Interest*:1.8%-2.8% (for details, please refer to Phillip website)
* for IPO margin financing clients only

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?
Main Board IPOs: 90% of the subscription amount.
GEM Board IPOs: 50% of the subscription amount.

What shares are available for IPO Financing?
Generally, IPO Financing is for shares listed in the HKEx Main Board and GEM Board.

Enquiry
Email: mailto:ipo@phillip.com.hk
Hotline: 2277-6875 / 22776555