IPO

1. What is IPO?
IPO, Initial Public Offer, is a corporate action on raise new funds and capital from issuing new shares or bonds to public investors.
2. How many channels to apply IPO?
i. White Application Form (Normal channel)
ii. Yellow Application Form with own name
iii. Yellow Application Form with Nominees name
iv. Margin Financing by SYWG
3. What is IPO Margin Financing? What is the risk?
IPO Margin Financing is a short term financing facility. We can lend out as much as 90% of the subscription amount of you application. However, applicants with margin financing may have additional side effect risks*.We suggest you read the IPO prospectus carefully, and also please deeply understand the company background before making decision.

Notes:
* IPO stock price will become fluctuant once listed on the exchange market. You may face a market risk by the share price drops below the offer price.>
* Under the oversubscribed IPO circumstance, your allotted quantity may be lesser than intended. It may be risky to apply the amount on assuming oversubscribed, since you may receive all applied shares and request to pay for the full cost if it is not under oversubscribed criterion.
4. Why do I need IPO Margin Financing?
Under the oversubscribed circumstance, it is not easy to allot the quantity as much as intended. With our IPO Margin Financing, you can subscribe the quantity ten times (maximum) as much as your available funds to increase allotted probability.
5. Does SYWG provide Margin Financing on all IPO?
We only offer Margin Financing on those particular listed on HKEx Main Board or GEM Board. Please contact your Account Executive for more information.
6. What is the benefit by using IPO Nominees Services?
Nominees Services is a simple, convenient and effective channel on IPO application. You only need 2 easy steps for whole application.
i. Contact your account executive or fax your application form to (852) 3525 8426 for placing order.
ii. Deposit sufficient fund into your trading account.
Then we will follow up all your application, allotment and refunds.
7. When should I place my order to apply IPO Margin Financing/ Nominees services?
In general, the cut off time is on 12:00p.m. of the last trading day before the application list closed. However, we suggest placing your order as early as possible to avoid unnecessary delay and to ensure the order processed in properly.
8. When should I deposit the subscription amount?
If you have applied IPO with Margin Financing or Nominees Services, please deposit the sufficient funds in your trading account before our application cut off time. And application payment will be reserved after cut off.
If you applied by White Form or Yellow Form with your own name, then please drop your application and payment into bank collection boxes before application list closed.
9. How can I check the allotment result?
White Form - Please check the result on newspapers or HKEx website
Yellow Form, Margin Financing, Nominees - Please check the allotment result with account executive or our hotline (852) 2250 8298. Allotted shares will be directly lodged in your SYWG trading account.
10. How the unsuccessful application refund?
On dispatch refund cheque date, Margin Financing or Nominees Services applicants’ refund will be directly credit to SYWG account. Otherwise, the refund cheque will mail to the applicants’ correspondence address directly.
11. Can I sell my allotted shares on the first day dealing in HKEx?
If you are using Yellow Form, Margin Financing or Nominees Service on application, then the allotted shares were directly lodged in your account on the last business day before the first day dealing in HKEx. Therefore, you can start trading after listed.
And White Form applicants need to wait until shares received via mailing.
12. What is “Clawback”?
“Clawback” is an action for sponsors to adjust the issuing proportion between Public Offering and International Placing. If there is an oversubscribed, then sponsors will increase the proportion on Public Offering by adjustment on International Placing.
13. What does “Allocation of Public Offering Shares – Pools A and B” means?
Sponsors normally separate Public Offering applicants as two divisions, Pool A and B, whom subscribes the IPO above $5 million HKD is under Pool B; otherwise, is Pool A. If either division is under-subscribed, then Sponsors will transfer the surplus to another Pool. Once there is over-subscribed, Pool A and Pool B allotment ration will be depended on successful applications within self-constitution.