Prior to an IPO, a company is privately owned and therefore its shares can only be traded by early investors. However, after an IPO, ownership of the shares is open to the general market.
If you are interested in buying an IPO of a company, you can do so through various online banking platforms such as Maybank2u, RHBNow, etc. If more investors purchase IPO shares than the number of shares in the public offering, then the company will allocate the shares of the IPO through a lottery.
Attention! Only users with direct accounts can buy new shares, users with Nominee Account cannot buy IPO. Users can only purchase IPO in their own name, applications to purchase IPO shares in someone else’s name will be rejected.
How to buy IPO shares through Maybank2u?
Step 1: Browse and login to Maybank2u website.
Step 2: Click on Apply and then select Invest.
Step 3: Select eIPO in the investment section and then click Apply Now.
Step 4: Select the IPO you wish to purchase, enter your CDS account number, race and the number of shares you wish to purchase.
Step 5: Check the terms and conditions.
Step 6: Click Submit to submit.
Step 7: Print or save the receipt.
