Futu Launches Zero-Interest and Zero-Handling Fee IPO Subscriptions Leading Digital Brokerage Diminishes IPO Subscription Costs

(Hong Kong, November 1, 2024) — Futu Securities International (Hong Kong) Limited ("Futu") announced the launch of zero-interest and zero-handling fees for IPO subscriptions, marking a new era of low-cost IPO participation. Following the introduction of zero-interest bank financing IPO subscriptions, Futu is now waiving handling fees for cash subscriptions*, helping investors reduce related costs*. As the first digital brokerage firm in Hong Kong to implement this offer, Futu reinforces its position as an industry leader with a customer-centric approach.

To enhance investors' IPO subscription experience, Futu has introduced several innovative services. One of the key features is the "0 Cash Subscription," which allows investors to use assets from Hong Kong stocks, U.S. stocks, and A-shares as collateral for their subscriptions. This means investors can participate in IPO subscriptions even with a fully invested portfolio, offering up to 20x leverage. Additionally, Futu's independently developed grey market trading feature enables investors to buy and sell new shares in advance of stock listings. This feature underscores Futu's competitive edge over traditional IPO subscription channels like banks, allowing customers to seize market opportunities and boost potential returns from IPO investments.

Mr. Daniel Tse, Managing Director of Futu Securities, said, "As market attention gradually returns and the launch of the FINI (Fast Interface for New Issuance) platform significantly shortens the time and lowers interest costs between IPO pricing and listing, investor enthusiasm for the IPO market has notably increased. As a leading digital brokerage firm, Futu is committed to lowering investment barriers and costs through technological innovation. By waiving handling fees for standard IPO subscriptions^, alongside existing zero-interest bank margin loans, Futu creates low-cost, efficient investment opportunities for investors, ensuring optimal use of their funds and injecting strong momentum into the robust growth of the entire IPO market."

*For details on charges, please refer to: futuhk.com/supp...

^0 subscription handling fees applies to both cash subscriptions and/or Futu financing subscriptions under standard subscriptions.