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IPO

Discover more about investing in IPOs (Initial Public Offerings) with HSBC

HSBC IPO Services

IPO subscription service is available in HSBC Mobile Banking app now! You can subscribe Stock IPO and Bond IPO, and enquire about IPO information through HSBC Mobile Banking.

Latest promotion offers

  • Handling fee waiver1 for applying stock IPO via Internet or Mobile Banking

IPO Current List

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

    Note:

    1Promotional period is from 1 January to 31 December 2019. 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.

    What is Initial Public Offering?

    An initial public offering (IPO) is a company's first sale of stocks, bonds or Certificates of Deposit (CDs) to raise funds for the issuer.

    HSBC IPO Nominees Services

    When applications are made via the HSBC IPO Nominees Services, HSBC will subscribe for the IPO holdings on your behalf. All you need is to maintain an Investment Services/Securities Account with us to use this service. The allotted IPO holdings will be directly credited to your HSBC Investment Services/Securities account on the allotment day, and you can trade your shares on the first listing day.

    You should use the White Form if you wish to subscribe for IPO holdings in your own name. You may choose to collect share certificate(s) in person or to receive them by post. The shares may only be sold after being deposited to an investment or securities account with a bank or broker.

    Explore HSBC IPO Service

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    Stocks

    • Streamlined applications through HSBC IPO Nominees Services.
    • 24-hour application during the IPO offer period.
    • Receive notification of new IPO issues through eAlerts.
    • Trade Hong Kong IPO shares on their first listing day.
    • Increase your investing power with an IPO loan.
    • RMB Stock IPO can be subscribed through HSBC IPO Nominees Services. more
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    Bonds and Certificates of Deposits (CDs)

    • Bond IPOs are issued by corporations or local government bodies.
    • CD IPOs are issued by banks from time-to-time.
    • 24-hour application during the bonds and CD IPO offer period. more
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    IPO loans

    • Increase your subscription capabilities with an IPO loan. IPO Loans are offered to eligible customers for selected IPOs of up to 90% of the value of shares subscribed.
    • You can now apply for IPO loan online 24 hours a day via HSBC Internet and Mobile Banking while you make your IPO application during the HSBC IPO Nominees Services Offering Period.

    IPO service charge

    The RMB charges shown are applicable to RMB denominated stock
    Service* (Handling fee per Yellow Form application) Rate
    Minimum Charge
    Through HSBC Internet and Mobile Banking
    HKD50 / RMB50
    (Waived until 31 Dec 2019)
     
    Through designated branches or Phone Banking (852) 2269 2121
    HK$100/RMB$100
     
    Deposit transaction charge (for successful 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 Bonds / CDs 
     
    The RMB charges shown are applicable to RMB denominated stock
    Service*  (Handling fee per Yellow Form application) Through HSBC Internet and Mobile Banking
    Rate
    HKD50 / RMB50
    (Waived until 31 Dec 2019)
    Minimum Charge  
    Service*  (Handling fee per Yellow Form application) Through designated branches or Phone Banking (852) 2269 2121
    Rate
    HK$100/RMB$100
    Minimum Charge  
    Service*  (Handling fee per Yellow Form application) Deposit transaction charge (for successful allotted shares)
    Rate
    HKD5 / RMB5 per board lot
    (maximum charge: HKD200/RMB200)
    Minimum Charge HKD30/RMB30
    Service*  (Handling fee per Yellow Form application) Handling fee per Bonds / Certificates of Deposit (CDs) IPO application
    Rate
    Specific percentage of the Principal amount, subject to each Bonds / CDs 
    Minimum Charge  

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

    Learn More about IPO

    • Investment involves risk. You should carefully consider whether any investment products or services mentioned herein are appropriate for you in view of your investment experience, objectives, financial resources and relevant circumstances. The price of securities may move up or down. Losses may be incurred as well as profits made as a result of buying and selling securities.
    • 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 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 bonds / CDs price 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 it 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 bonds / 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 holders of bonds / CDs.
    • If bonds / CDs sare early redeemed, you may not be able to enjoy the same rates of return when you use the funds to purchase other products.

    For Renminbi (RMB) products:

    • There may be exchange rate risks if you choose to convert RMB payments made on the products to your home currency.
    • RMB products 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 products if such products 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.
    • In general, RMB equity products are exposed to the usual kind of default risks that might be associated with equity products denominated in other currencies.

    The Bank does not provide investment advice. Investment involves risk. The price of stocks may move up or down. Losses may be incurred as well as profit made as a result of buying and selling stocks. Full details of the terms and conditions of the above services are available on request.

    This information is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. HSBC has based this list on information obtained from sources it believes to be reliable but which it has not independently verified. HSBC makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. The information is subject to change without notice.

    The information shown is based on data obtained from sources believed to be reliable but the Bank and the concerned Information Provider(s) make no representation and accept no responsibility as to its accuracy or completeness and shall not be held liable for damages arising out of any person's reliance upon this information. This information is neither a recommendation, an offer to sell, nor solicitation of an offer to purchase any investment. The prices quoted and the other information shown are for reference only and are subject to change without notice.