Initial public offerings are also commonly known as Initial Public Offerings, or IPOs for short. Before the IPO, the company was private, so its shares could only be bought and sold by early investors. However, after the IPO, the ownership of the shares is opened to the broad market, so the IPO has also become fundraising, stock raising, or listing.
If you are interested in buying a company’s IPO, you can buy it through various online banking platforms, such as Maybank2u, RHBNow, etc. If the number of investors buying the IPO exceeds the number of shares on offer, the company will allocate the IPO shares by lottery.
Notice! Only users with Direct Accounts can purchase IPOs, and those with Nominee Accounts cannot purchase IPOs. Users can only use their names to buy IPOs, and those who use other people’s names to buy IPOs will be rejected.
There are two IPO applications open in January 2022, namely SENHENG NEW RETAIL BERHAD and CORAZA INTEGRATED TECHNOLOGY BERHAD. The price per unit of SENHENG NEW RETAIL BERHAD is RM1.07. The application will be closed on January 10 and it will be listed on January 25. CORAZA INTEGRATED TECHNOLOGY BERHAD is priced at RM0.28 per unit. The application is closed on January 6, and it will be listed on January 20.
*Purely for sharing, no trading suggestions.
Here is how to buy an IPO through Maybank2u.
How to buy an IPO in Maybank2u?
Step 1: Browse and log in to the Maybank2u website.
Step 2: Click Apply, then select Investment.
Step 3: Select eIPO in the Investment column, and click Apply Now.
Step 4: Select the IPO to be purchased, enter the CDS account number, race and the number of shares to be purchased.
Step 5: Tick the terms and conditions.
Step 6: Click Submit to submit.
Step 7: Print or save the receipt.
