HK IPO means Initial Public Offering in Hong Kong. It refers to the first public distribution of stocks from a company that has not been publicly traded before. At the completion of the process, its shares will be listed on the Hong Kong Stock Exchange.
No. You can only apply for the number of shares as specified by the issuer. You may refer to the "Table of Multiples & Payments" of respective HK IPO in the "HK IPO Center". It specifies the correct subscription amount for different number of shares based on the offer price.
The total subscription payment must be paid to the issuer on or before the closing date. If you apply the HK IPO through BOOM, BOOM will deduct the subscription monies from your BOOM trading account and pay to the issuer.
This depends on the popularity of the offer and the status of the market. If the IPO is oversubscribed, the allotment is generally made by way of balloting based on the basis determined by the listed company.
This means that you may receive only a fraction of the shares you applied for. You may also be allotted with more or fewer shares than others who have applied for the same number of shares. It is also possible that you are not allotted any shares at all.
The allotment basis depends on the number of valid applications for subscription for the IPO shares. Normally, the share registrar appointed by the issuing company first screens out multiple, incomplete or wrongly filled applications, e.g. the number of shares applied for is in an amount other than those specified in the application form. Then, shares are allotted according to the basis of allocation as determined by the sponsor and the listed company.
Whenever there is any new HK IPOs open for subscription, you can find its offering information under the "HK IPO Center". If you wish to apply for the HK IPO through BOOM, you can download the application form or simply apply online in the "HK IPO Center".
No. In general, the conditions of application for most Hong Kong Public Offer indicate that any application for the benefit of a person within the United States or a US person (as defined in Regulation S under the United States Securities Act of 1933, as amended) is not acceptable.
As such, if you are an US citizen, BOOM cannot apply for any Hong Kong Offer Shares on your behalf.
You can simply go to the IPO Order History section, and check the status of your IPO application instruction. If the status is "Executed", it means BOOM has submitted the IPO application on your behalf.
With HK IPO loan, you are able to subscribe more shares and increase the chance of receiving higher number of allocated shares. However, you should bear in mind that you have to pay interest for your loan regardless of the results of allottment.