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        Beginner's Guide to SG IPOs

        Views 92692023.02.24

        Understand SG IPOs Subscriptions in 2mins

        When investors subscribe for shares of a company to be listed on the Singapore stock market, the process is known as SG IPO subscription.

        But how to participate in it exactly?

        There are mainly three stages involved: share offering, share allotment, and public trading.

        Stage 1 Share Offering

        This process typically lasts for 5-14 days. During this period, investors can subscribe for the IPO shares at any time.

        If you subscribe for IPOs with Futu, the process takes four steps.

        Step 1

        Open [moomoo] app, enter [Trade] page, and tap [IPO Subscription].

        Step 2

        Tap [SG], select an IPO you're interested in, and tap [To Subs].

        Step 3

        Enter the number of shares you hope to buy.

        After reading through the risk disclosures, tap [Submit].

        Step 4

        Enter your trading password, and the subscription is completed.

        Stage 2 Share Allotment

        Before we dive into details, let's first look at how new shares are allotted.

        Futu, as a brokerage firm, gets the quota from the designated underwriters, and then allocate shares to the clients who have subscribed.

        In some cases, Futu will also act as an underwriter to get the quota directly from the company.

        Shares will be allotted fairly and inclusively, working to help all the investors can get at least some of the subscribed shares.

        On top of that, the brokerage will then adopt a weighting approach, providing more shares for investors with more subscriptions.

        Allotment results will generally be announced 3-5 days after the offering ends, which is one trading day prior to the IPO date.

        After conducting the allotment, Futu will announce the results.

        Investors who have subscribed can check the results in the [History] on the IPO Subscription page.

        Stage 3 Public Trading

        Generally, allotted shares can be traded freely on the market on the next trading day after the announcement.

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        Terms and conditions apply right-arrow

        This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

        Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.

        In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).

        In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.

        In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites and Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.