• Over-subscribing to IPO
  In some case, IPO may be oversubscribed. The offering company may go through balloting/allocation processes to determine whether an applicant will receive any allotment and in what quantity. Applicant may be tempted to subscribe for a bigger quantity than intended for increased chance of successful shares allotment. However, applicant may receive shares with total quantity applied and will have to pay the full cost if IPO is not oversubscribed.

• Market risk
  Share price may fluctuate from time to time or it may drop below its initial offer price on the first day of listing.

• Company risk
  It is vital to understand thoughtfully the company and their business you are investing in. You should study the prospectus, financial reports and seek professional advices before you make any investment decision.

• IPO delay or suspension
  Applicants will also need to pay the handling fee and/or interests even though an IPO has been delayed or suspended for any reason.

Apply through Chief IPO Nominees Services to save time in filling application form.

Allotted shares can be traded on the first day of the stock listing.

Attractive application fee. (Free for yellow-form, HKD$50 for Non-financing Nominees Services and HKD$100 for Financing Nominees Services).

For applications lodged by yellow-form, allotted shares will be deposited into applicants' accounts in Chief, whereas for applications lodged by white-form, allotted shares in physical stock certificate will be mailed to applicants directly. Therefore, white-form applicants will need to bear with the mailing risk while the applicants cannot trade their allotted shares on the first day of listing. HKD$5 scrip fee will also be charged for depositing each transfer deed.

Therefore we encourage our clients to apply IPO through yellow form or Non-financing IPO Nominees Services.

• Application fee: HKD$50
• Application can be done by calling or visiting our headquarter/branches. Reference number will be issued for each application.
• Application will be started from 9:00am on the first day of accepting IPO application , until 4:00pm on the last day of IPO application deadline.
• Related fund with HKD$50 application fee must be deposited before 5:00pm on the day of application deadline.
• Refund: For partially successful and unsuccessful applications, the refunded money will be credited directly to applicants' accounts on the first day of listing (for custodian or margin accounts), or applicants' defaulted bank accounts (for cash account).
• Allotted shares can be deposited in applicants' accounts only. For IPO applied by joint-name accounts, the allotted shares can only be deposited into joint-name account.

Financing IPO Neminess Services

• Application fee: HKD$100.
• Application must be done by calling or visiting Chief headquarter only. Reference number will be issued for each application.
• Application will be accepted from 12:00pm on the first day of accepting IPO application, until 4:00pm on the two days before the application deadline. (Whichever is earlier)
• Related fund with HKD$100 application fee must be deposited before 5:00pm on one day before the application deadline.
• Refund: For partially successful and unsuccessful applications, funds will be credited directly to applicants' accounts on the first day of listing (for custodian or margin accounts), or applicants' defaulted bank accounts (for cash account).
• Interest rate Financing IPO Nominees Services will be available upon requested. Customers can register their email address by calling (852) 2500 9118.

No handling fee will be charged for applications lodged by yellow-form, while HKD$50 will be charged for non-financing IPO Nominees Services and HKD$100 for financing IPO Nominees Services. The interest rate of Financing IPO Nominees Services will be determinated according to the market's interest rate.

For Chief IPO Nominees Services (Financing/non-financing)

• For non-financing applications, funds together with HKD$50 handling fee should be deposited into applicants' securities accounts before 5:00pm on the last day of accepting IPO application For financing applications, funds together with HKD$100 handling fee should be deposited into applicants' securities accounts before 5:00pm on the last day of accepting IPO application For customers using bank transfer services, receipt should be faxed to our accounting department for verification purposes.

For White-form / yellow-form applications

• Please submit cheque together with application form when you lodge the form.