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Initial Public Offerings (IPOs)

Subscribe to IPOs in a variety of ways through HSBC

Subscribe to IPOs easily even when you're on the move

Be the first to know about new IPOs on the market, and subscribe to them easily right on their first listing day. You can do it online, on mobile or via our eIPO Centre, or sign up for our HSBC IPO Nominees Services so we can subscribe on your behalf.

IPO Current List

IPO Current List Table
Stock/Bond Code Name Next Steps
IPO Current List Table

    Key benefits

    Comprehensive services for keen investors

    Subscribe to IPOs for stocks, bonds and certificates of deposit through us; or increase your subscription power with an IPO loan, available to eligible customers for selected IPOs

    Get it handled on your behalf

    Simply instruct us through our HSBC IPO Nominees Services—your IPO shares will be credited to your investment or securities account directly and available for trading on their first listing day

    Flexible ways to subscribe

    Subscribe to stock IPOs via the HSBC HK Easy Invest app, HSBC HK App or HSBC Online Banking; and to bond/certificate of deposit IPOs via the HSBC HK App or HSBC Online Banking

    Limited time offers

    • We will waive the handling fee1 when you apply for IPO stocks via online or mobile banking between 1 January and 31 December 2022.

    Explore HSBC IPO services

    Stocks IPOs

    • Streamline your applications through our HSBC IPO Nominees Services

    • Apply 24/7 during the IPO offer period

    • Be notified of new IPO issues via eAlerts

    • Trade Hong Kong IPO shares on their first listing day

    • Increase your investing power with an IPO loan

    • Subscribe to RMB stock IPOs through our HSBC IPO Nominees Services

    Bonds and certificates of deposit (CDs) IPOs

    • Subscribe to bond IPOs issued by corporations or local government bodies

    • Subscribe to CD IPOs issued by banks from time to time

    • Apply 24/7 during the bond and CD IPO offer period

    IPO loans

    • Increase your subscription capabilities with an IPO loan, available to eligible customers for selected IPOs at a portion of the value of the shares/bonds subscribed—please refer to our list of currently available IPOs for details

    • Apply for an IPO loan via the HSBC HK Easy Invest app, HSBC HK Mobile Banking app or HSBC Online Banking while making your IPO application during our HSBC IPO Nominees Services offering period

    What is the HSBC IPO Nominees Services?

    When you make an application via the HSBC IPO Nominees Services, we'll subscribe to the IPO holdings on your behalf.

    To use this service, simply maintain an investment services/securities account with us. The allotted IPO holdings will be credited to your HSBC investment services/securities account directly on the allotment day. You can trade your shares on the first listing day.

    If you wish to subscribe to the IPO holdings in your own name, use the White Form. You can choose to collect share certificates in person or to receive them by post. The shares may only be sold after being deposited in an investment or securities account with a bank or broker.

    IPO service charges

    The RMB charges shown apply to RMB-denominated stock.

    Service2
    (Handling fee for a Yellow Form application)
    Rate
    Minimum charge
    Via the HSBC HK Easy Invest app, HSBC HK Mobile Banking app or HSBC Online Banking HKD50/RMB50
    (Waived until 31 Dec 2022)
     
    Through designated branches or phone banking on (852) 2269 2121
    HK100/RMB100
     
    Deposit transaction charge (for successfully allotted shares)
    HKD5/RMB5 per board lot
    (Maximum charge: HKD200/RMB200)
    HKD30/RMB30
    Handling fee per bonds / certificates of deposit (CDs) IPO application
    Specific percentage of the principal amount, subject to each bond / CD
     

    The RMB charges shown apply to RMB-denominated stock.

    Service2
    (Handling fee for a Yellow Form application)
    Via the HSBC HK Easy Invest app, HSBC HK Mobile Banking app or HSBC Online Banking
    Rate
    HKD50/RMB50
    (Waived until 31 Dec 2022)
    Minimum charge
     
    Service2
    (Handling fee for a Yellow Form application)
    Through designated branches or phone banking on (852) 2269 2121
    Rate
    HK100/RMB100
    Minimum charge
     
    Service2
    (Handling fee for a Yellow Form application)
    Deposit transaction charge (for successfully allotted shares)
    Rate
    HKD5/RMB5 per board lot
    (Maximum charge: HKD200/RMB200)
    Minimum charge
    HKD30/RMB30
    Service2
    (Handling fee for a Yellow Form application)
    Handling fee per bonds / certificates of deposit (CDs) IPO application
    Rate
    Specific percentage of the principal amount, subject to each bond / CD
    Minimum charge
     

    Subscribe to IPOs

    HSBC investment account holders

    If you already hold an investment or securities account with us, you can log on to HSBC Online Banking to subscribe to an IPO.

    Don't have an HSBC investment account?

    You can open an investment account on the HSBC HK Mobile Banking app and start trading with us in minutes.

    Find out more

    To learn more about investing in IPO with HSBC, check out our investment FAQs.

    You may also be interested in

     

    Interested in subscribing to the latest IPOs? See how you can do so online easily through our eIPO Centre

     

    Trade stocks, see market trends, get in-depth analyses and stock quotes on the go with the HSBC HK Easy Invest app

     

    Enjoy easy and reliable Hong Kong, US and China A shares trading at any time

     

    Enjoy stable interest income through investing in bonds and certificates of deposit (CDs)

    1 Promotional period is from 1 January to 31 December 2022. The offer does not include the 1% brokerage fee, the Securities and Futures Commission Transaction Levy, the Stock Exchange Trading Fee and other Bank charges on local securities services, which continue to be chargeable.

    2 Related charges of the above local securities services will also apply, where applicable.

    Bonds and Certificates of Deposit ("CDs") Risk Disclosure

    • There are risks involved in buying bonds/CDs. Before applying for any of bonds/CDs, you should consider whether bonds/CDs is suitable for you in light of your own financial circumstances and objectives. If you are in any doubt, get independent professional advice.
    • Bonds/CDs are mainly medium to long term fixed income products, not for short term speculation. You should be prepared to hold your funds in bonds/CDs for the full tenor; you could lose part or all of your principal if you choose to sell your bonds/CDs prior to maturity.
    • It is the issuer to pay interest and repay principal of bonds/CDs. If the issuer defaults, the holder of bonds/CDs may not be able to receive back the interest and principal. The holder of bonds/CDs bears the credit risk of the issuer and has no recourse to HSBC unless HSBC is the issuer itself.
    • Indicative price of bonds/CDs are available and the bonds/CDs' prices do fluctuate when market changes. Factors affecting market price of bonds/CDs include, and are not limited to, fluctuations in interest rates, credit spreads, and liquidity premiums. The fluctuation in yield generally has a greater effect on prices of longer tenor bonds/CDs. There is an inherent risk that losses may be incurred rather than profit made as a result of buying and selling bonds/CDs.
    • If you wish to sell bonds/CDs, HSBC may repurchase them based on the prevailing market price under normal market circumstances, but the selling price may differ from the original buying price due to changes in market conditions.
    • There may be exchange rate risks if you choose to convert payments made on the bond/CDs to your home currency.
    • The secondary market for bonds/CDs may not provide significant liquidity or may trade at prices based on the prevailing market conditions and may not be in line with the expectations of bonds/CDs' holders.
    • If bonds/CDs are early redeemed, you may not be able to enjoy the same rates of return when you use the funds to purchase other products.
    • Do not purchase the bonds/CDs unless you fully understand and are willing to assume the risks associated with it.

     

    Additional risk disclosure to High yield bonds

    • High yield bonds are typically rated below investment grade by a credit rating agency, or unrated. Whilst high yield bonds bear a higher yield opportunity than investment grade bonds, they present greater risks of issuer default, liquidity, volatility and non-payment of principal and interest.
    • The risk of default on principal and / or interest, is greater for high yield bonds due to higher credit risk of the issuer and lower priority of claim by the bond holders in case of issuer default.
    • High yield bonds can sometimes be less liquid than investment-grade bonds, depending on the issuer and the market conditions at any given time. Investors may be difficult to sell the high yield bond before maturity or at prices in line with their expectation compare to listed bond.
    • High yield bonds tend to be more vulnerable to economic cycles and changes in the issue's financial conditions or business developments. In particular, during economic downturn, such bonds typically fall more in value than investment-grade bonds as the issuer default risk rises and investors become more risk adverse.
    • Please be aware the concentration risk of investing in bonds issued by the same issuer or companies by the same group. A degrading of any of the group company's credit rating may expose the whole group to contagion risk.  Please be also aware the risk of over concentrating investment in the high risk investment products.

     

    Renminbi related products Risk Disclosure

    • There may be exchange rate risks if you choose to convert RMB payments made on the bonds/CDs to your home currency.
    • RMB debt instruments are subject to interest rate fluctuations, which may adversely affect the return and performance of the RMB products.
    • RMB products may suffer significant losses in liquidating the underlying investments if such investments do not have an active secondary market and their prices have large bid/ offer spreads.
    • You could lose part or all of your principal if you choose to sell your RMB bonds/CDs prior to maturity.