Futu's Mao Geping Subscription Reaches 90.5 Billion Topping HK Brokerage, Setting a Record for Highest IPO Subscription on the Platform

Offers

Dec 5, 2024

(Hong Kong – December 5, 2024) The IPO of Mao Geping (stock code: 01318) received an enthusiastic response. Futu Securities International (Hong Kong) Limited ("Futu") announced that the total subscription amount reached HK$90.5 billion, setting a record for the highest subscription on Futubull platform and topping Hong Kong brokerage. With the earlier introduction of zero-interest bank financing and zero handling fees* for IPO subscriptions, Futubull is poised to become a preferred platform for IPO subscriptions amid the reheated IPO market.

According to a previous announcement, Mao Geping will announce the allotment results on December 9 and commence grey market trading in the afternoon of the same day. Futu's proprietary grey market trading feature enables investors to trade new shares in advance of stock listings to seize market opportunities, and boost potential returns from IPO investments.

Mr. Daniel Tse, Managing Director of Futu Securities, said, "By offering zero-interest bank financing, zero-handling fees*, and high leverage, Futu aims to enhance investors' IPO subscription experience. The record-breaking subscription amount for Mao Geping on our Futubull platform highlights the renewed enthusiasm among investors for popular IPOs. As a leading digital brokerage firm, Futu creates low-cost and efficient investment opportunities for investors, ensuring optimal use of their funds and injecting strong momentum into the robust growth of the entire IPO market. Futu will continue to leverage technology to optimize its products and services, creating higher value for investors in the future."

*0 interest for IPO subscription is limited to bank financing, the actual financing interest related to Futu Financing is subject to the information on the subscription page. 0 subscription handling fees applies to both cash subscriptions and/or Futu financing subscriptions under standard subscription.