IPO market
Hong Kong Exchanges and Clearing has launched a new platform for the clearing of Hong Kong IPOs (“FINI”). FINI will shorten the settlement cycle of Hong Kong IPOs so that trading can commence two business days after the pricing of Hong Kong IPOs.
For any initial public offering of Hong Kong stocks processed through FINI. In addition to submitting a new application, you can also cancel or resubmit your application, making it easy to subscribe for a new IPO no matter where you are.
Through cutting-edge financial technology, we are committed to providing a high-quality trading environment.
In the past, U.S. stock IPO placements were only open to institutions and a small number of high-net-worth clients, and retail investors had a high threshold for participation. To this end, Gaoyu has launched the U.S. IPO service, through participating in the underwriting or distribution of the IPO of U.S. stocks, we will provide customers with the allocation quota of new shares, so that the capital threshold for U.S. stock IPOs will be reduced from one million US dollars to the civilian level, and everyone can participate.
Through cutting-edge financial technology, we are committed to providing a high-quality trading environment.
The grey market is traded over-the-counter. In Hong Kong, pre-IPO trading is generally conducted after the close of trading on the trading day immediately preceding the IPO listing date. Grey market trading is not carried out through the exchange system in Hong Kong, but through the internal system provided by the Hong Kong brokerage firm.
If a client successfully subscribes for an IPO through Gaoyu and wants to sell the stock as early as possible before the stock is listed, or if the client fails to subscribe for the IPO or the number of shares successfully subscribed is insufficient and wants to buy the stock before the listing, he can trade it during the grey market session.
Only new stocks listed on the main board of the Hong Kong Stock Exchange have grey market, and stocks listed on the Growth Enterprise Market (GEM) have no grey market trading arrangement.
Through cutting-edge financial technology, we are committed to providing a high-quality trading environment.