Hong Kong Pre-IPO Aus

What is Pre-IPO?

The Hong Kong Pre-IPO trading market is a channel provided by Phillip Securities for customers to trade Hong Kong shares one day before their official listing in the Hong Kong Exchange. Phillip Securities is the first broking house in Singapore and Hong Kong to offer customers the Pre-IPO trading channel.

Only shares listed on the mainboard are eligible for the Pre-IPO session. Shares listing on Growth Enterprise Market (GEM) are currently not eligible for Pre-IPO trading.

The performance of stocks in the Pre-IPO trading session should not be considered as an indicator of its price and demand in the official trading session.

Brokerage
  Online Trades Broker-Assisted Trades
Commission 0.25% 0.30%
Minimum HKD100 HKD150
Other foreign fees:
Stamp Duty 0.1% (Round up to the nearest dollar)
CCASS fee 0.002% (Minimum HKD2.00, Maximum HKD100)
Transaction Levy 0.0027%
Trading fee 0.005%

Note: Goods & Services Tax (GST) will be applied to commission charges. Commission and exchange fees may be subject to change without prior notice. Please click here for custodian charges.

Italian financial transaction tax (“IFTT”) is applicable to buy trades on Hong Kong-listed Italian companies with market capitalization more than Euro 500 million. The applicable tax rate was 0.22% in 2013 and 0.2% from 1st January 2014.

Trading Details
Order Placement (Board lots) Via1) POEMS 2.0 or

2) Your designated Trading Representative

Common order rejection messages
  • Your orders may be rejected due to the following reasons:Incorrect price spread (please refer to minimum bid size table )
  • Price range beyond 20 bids
  • Order quantity exceeded 3,000 lots
  • Trading limit exceeded
  • Short sell
  • Stock suspended

 

Trading lot Not fixed
Live Price Via POEMS 2.0 (live price quote)
Exchange HKEx
Minimum bid size Share price (HKD) Minimum Bid Size (HKD)
0.01 – 0.25 0.001
> 0.25 – 0.50 0.005
> 0.50 – 10.00 0.01
> 10.00 – 20.00 0.02
> 20.00 – 100.00 0.05
> 100.00 – 200.00 0.10
> 200.00 – 500.00 0.20
> 500.00 – 1,000.00 0.50
> 1,000.00 – 2,000.00 1.00
> 2,000.00 – 5,000.00 2.00
> 5,000.00 – 9,995.00 5.00

 

Trading Hours
Singapore/Hong Kong Time
(Mon – Fri)
Half Day opening 02.15pm – 04.30pm
Full Day Session 04.15pm – 06.30pm
Settlement

Trades done through the Pre-IPO trading channel follow the regular settlement cycle of Hong Kong. For orders done during the Pre-IPO trading session, trade date will be the listing day of the counter and will likewise be eligible for any contract amalgamation and contra.

Settlement Date2 T+2 market days
Settlement Currency HKD or SGD
Order Amalgamation Yes (Conditions for Amalgamation)
Contra Trading Yes
CPF settlement No

Note: Payment methods for trades done through Pre-IPO trading channel.

 

Latest Hong Kong Pre-IPOs
Date of Pre-IPO Trading  Name Stock Code IPO Price Pre-IPO Trading Closing Price
6 Jun 2018 Affluent Foundation Holdings Limited 1757 HKD0.34 HKD0.365
11 Jun 2018 Dowway Holdings Limited 8403 HKD0.14 HKD0.148
14 Jun 2018 Huifu Payment Limited 1806 HKD7.50 HKD6.89
14 Jun 2018 Republic Healthcare Limited 8357 HKD0.60 HKD0.64
20 Jun 2018 VCredit Holdings Limited 2003 HKD20.00 HKD20.20
25 Jun 2018 Jiangxi Bank Co., Ltd. 1916 HKD6.39 HKD6.00
26 Jun 2018 Shineroad International Holdings Limited 1587 HKD0.75 HKD0.70
26 Jun 2018 Shanshan Brand Management Company Limited 1749 HKD3.78 HKD4.32
26 Jun 2018 Grace Wine Holdings Limited 8146 HKD0.35 HKD0.405
27 Jun 2018 CTEH Inc. 1620 HKD0.36 HKD0.42
28 Jun 2018 Wise Talent Information Technology Co., Ltd 6100 HKD33.00 HKD30.20
3 Jul 2018 Anchorstone Holdings Limited 1592 HKD0.40 HKD0.365
3 Jul 2018 Tong Kee (Holding) Limited 8305 HKD0.30 HKD0.325
4 Jul 2018 Steve Leung Design Group Limited 2262 HKD0.88 HKD1.06
5 Jul 2018 China Isotope & Radiation Corporation 1763 HKD21.60 HKD19.86
6 Jul 2018 Xiaomi Corporation 1810 HKD17.00 HKD16.10
6 Jul 2018 ZIYUANYUAN HOLDINGS GROUP LIMITED 8223 HKD0.76 HKD1.43
9 Jul 2018 Bank of Jiujiang Co., Ltd. 6190 HKD10.60 HKD10.64
9 Jul 2018 Ocean Line Port Development Limited 8502 HKD0.38 HKD0.385
10 Jul 2018 Fusen Pharmaceutical Company Limited 1652 HKD2.08 HKD2.42
10 Jul 2018 Man Shun Group (Holdings) Limited 1746 HKD0.52 HKD0.51
11 Jul 2018 Qeeka Home (Cayman) Inc. 1739 HKD4.85 HKD4.85
11 Jul 2018 Tianli Education International Limited 1773 HKD2.66 HKD3.02
11 Jul 2018 Inke Limited 3700 HKD3.85 HKD4.01
11 Jul 2018 BOSA TECHNOLOGY HOLDINGS LIMITED 8140 HKD0.30 HKD0.495
11 Jul 2018 FingerTango Inc. 6860 HKD2.07 HKD2.08
11 Jul 2018 Hanvey Group Holdings Limited 8219 HKD0.25 HKD0.33
11 Jul 2018 Intron Technology Holdings Limited 1760 HKD2.90 HKD3.06
11 Jul 2018 Redsun Properties Group Limited 1996 HKD2.28 HKD2.47
12 Jul 2018 Zhejiang Cangnan Instrument Group Company Limited 1743    
12 Jul 2018 Prosperous Industrial (Holdings) Limited 1731 HKD0.89 HKD0.91
12 Jul 2018 51 CREDIT CARD INC. 2051 HKD8.50 HKD8.90
12 Jul 2018 BExcellent Group Holdings Limited 1775 HKD1.08 HKD1.33
13 Jul 2018 Hingtex Holdings Limited 1968    
13 Jul 2018 FSM Holdings Limited 1721    
13 Jul 2018 MIJI International Holdings Limited 1715    
13 Jul 2018 Victory Securities (Holdings) Company Limited 8540    
13 Jul 2018 Kinetix Systems Holdings Limited 8606    
17 Jul 2018 7Road Holdings Limited 797    
17 Jul 2018 Pacific Legend Group Limited 8547    
17 Jul 2018 Kinergy Corporation Ltd. 3302    
17 Jul 2018 eBROKER GROUP LIMITED 8036    
17 Jul 2018 Byleasing Holdings Limited 8525    
18 Jul 2018 Qilu Expressway Company Limited 1576    
18 Jul 2018 Hyfusin Group Holdings Limited 8512    
19 Jul 2018 E-House (China) Enterprise Holdings Limited 2048    

Note: Please note that upcoming Pre-IPO dates are indicative only and may be subjected to change.

For more information, please contact us.

Holidays (2018)
Month Day Date Holidays Settlement Trading Day
 January Monday  01 January  New Year’s Day  No  No
 February   Thursday  15 February  Lunar New Year’s Eve  No  Partial
Friday  16 February  Lunar New Year  No  No
Monday  19 February  Lunar New Year  No  No
 March Friday  30 March  Good Friday  No  No
 April  Monday  02 April  Easter Monday  No  No
Thursday  05 April  Ching Ming Festival  No  No
 May  Tuesday  01 May  Labour Day  No  No
Tuesday  22 May  Buddha’s Birthday  No  No
 June Monday  18 June  Tuen Ng Festival  No  No
 July Monday  02 July  Sar Establishment Day (hk)  No  No
 September Tuesday  25 September  Day After Mid-autumn Fest  No  No
 October  Monday  01 October  National Day (obs)  No  No
Wednesday  17 October  Chung Yeung Festival  No  No
 December   Monday  24 December  Christmas Eve Obs-halfday  No Partial
Tuesday  25 December  Christmas Day  No  No
Wednesday  26 December  Christmas Holiday (obs)  No  No
Monday  31 December  New Years Eve-early Close  No  Partial

Note: Information is correct at time of posting (7 June 2018)

Should the due date coincide with a:

   a) Singapore public holiday – The due date will follow the traded market’s due date.
   b) Hong Kong public holiday – The due date will be the following market day