IPO Guide

Grey market means over-the-counter market, where new issues are traded one business day prior to the listing date of the new issues after normal trading hours. HK shares are generally traded by the matching system of HKEx during trading hours but grey market refers to transactions matched by the systems of large brokerage firm instead of the trading system of HKEx.

Relationship between the grey market price and listing price

The performance of a new stock in the grey market reflects by a certain extent how it is favored by the market, but grey market does not represent the needs of the whole market as the performance in the grey market only reflects the performance of the new stocks in that brokerage firm.

Benefits of trading in the grey market

1. Investors who participated in the IPO and did not receive an allocation of shares can purchase the shares in the grey market before the official listing day;

2. Investors can secure the profit before the listing day if the new stock performs well in the grey market;

3. The performance of a new stock in the grey market provides a reference for its trend after the listing day.

How to trade in the grey market

1. Login "Online Trading Platform"

 

2. Select Market "PRE-IPO Trading Center"

3. Select Buy/Sell

4. Check Pre-IPO prices

 

5. Input trading details and click "Place Order"

Mobile Trading - AA stock

1. Login "Trading Platform"

 

2. Select "Trade"

 

3. Select "Securities Trade"

 

4.Select "PRE-IPO Trading Center" in Market

 

5. Select Buy/Sell

 

6. Input price and quantity and press "Confirm"

Mobile Trading - ET Net

1. Login "Trading Platform"

 

2. Select "Global Market"

 

3. Select "PRE-IPO Trading Center" in Market

 

4. Select Buy/Sell, and input price and quantity, then press "Confirm"

Mobile Trading - Megahub

1. Login "Trading Platform"

 

2. Select "Global Securities Trading"

 

3. Select "PRE-IPO Trading Center" in Market

 

4. Select Buy/Sell, and input price and quantity, then press "Confirm"

Check the price of Pre-IPO

1. Select "Multi-service"

 

2. Select "Real Time Quotation of BS Pre-IPO Trading Center"

 

3. Select stock

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