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HKEx to Launch Internet IPO Service
Hong Kong Exchanges and Clearing Limited (HKEx) announced Tuesday that it would launch the Internet Initial Public Offering (iIPO) Service on September 22.
It is expected that the new service will help attract more investment with its efficiency and convenience.
Investors can view prospectus, input application instructions and inquire about the instructions through the service, which will be offered round-the-clock and free to the public at www.hkiipo.com.
To apply for shares via the service, an applicant must either have a payment-by-phone account or bank with banks which participate in the Joint Electronic Teller Services Limited's payment network.
All personal information and transaction data are protected by encryption when transmitting over the Internet, said a spokesman for the HKEx.
The Mass Transit Railway Corp will be the first to offer IPO via this service when it kicked off the IPO on September 25.
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