IPO Services support your company to complete IPO project
"IPO" means the initial public offering of a newly listed stock. "Receiving bank" means a bank which performs the role of a receiving bank in an IPO. "Receiving bank" plays a major role in an IPO in the whole process. No matter you are potential corporate planning for IPO or investors looking for financing for IPO subscriptions, we can provide tailor-made solutions to support your needs.
Features
Main Receiving Bank
- Handle the account opening for the applicant for public listing including the account(s) which is/are opened in our bank or other sub-receiving bank(s)
- Liaise with the assigned Share Registrar for the refund cheque specimen and signing arrangement
- Act upon the instructions from the listed company or its underwriter
- Perform all duties of receiving bank
Receiving Bank
- Distribute application forms and prospectuses
- Collect completed forms and application monies (e.g. cheques or cashier's orders) from the applicants subscribing for new shares
- Process completed forms and application monies
- Recycle application monies in the inter-bank money market
- Arrange refund of the application monies to unsuccessful or partially successful applicants
IPO Financing
- Provide IPO financing to brokers
- Financing period for new share subscription starts from the date of deadline of IPO application up to the refund date