3rd September 2024 - 6 min read
Good news, Malaysians! The moomoo app recently launched its Initial Product Offering (IPO) subscription service, allowing investors to subscribe to IPOs directly through the moomoo app. But what does this actually mean for investors using the app for its moomoo IPO subscription service?
An IPO is a company’s first sales of shares to the public, allowing it to raise funds and boost its brand. Investors who successfully subscribe to an IPO can sell their shares post-listing. With Moomoo Malaysia offering IPO subscriptions directly on its platform, Moomoo users now have an easy way to subscribe to IPO without the hassle of traditional subscriptions, allowing users to benefit from a company’s early growth potential while also diversifying their portfolio.
As of 2024, the Malaysian IPO scene has been very active, with some analysts calling it an “IPO Gold Rush”. So far, 19 companies have listed, spanning the healthcare, agriculture, and technology sectors. These companies have seen an average initial gain of 8.75% on their IPO day, with nearly 70% rising on their debut. Six companies reported gains exceeding 10%, with two companies—Kawan Renergy and Farm Price—achieving particularly strong single-day surges of 55.00% and 70.83%, respectively.
As Malaysia’s first fully streamlined online IPO subscription process, Moomoo Malaysia offers a straightforward and accessible approach to IPO participation for local investors. Experience the benefits of subscribing to IPOs using the moomoo app:
Investors can subscribe to IPOs directly through the moomoo app, bypassing time-consuming paperwork and submissions. The service supports direct in-app deductions, eliminating the hassle of bank transfers, and provides real-time updates throughout the subscription process — from application to IPO allotment — ensuring that investors are well-informed every step of the way.
To start applying for IPOs on Moomoo, users require a CDS Account-IPO in their Moomoo accounts. Setting up the CDS Account-IPO is a clear and easy process: users simply navigate to the ‘Accounts’ section on the moomoo app, select CDS Account-IPO, and follow the prompts to ensure that personal and bank account information is accurate and updated. Successful IPO shares will initially be credited to the user’s CDS Account-IPO before being transferred to their Moomoo MY Account.
Another advantage of doing IPO subscriptions on Moomoo is its fee structure. Investors enjoy zero subscription fees for IPO subscriptions and maintenance of CDS accounts, and coupled with a competitive financing rate of 6.8%.
Furthermore, this is bolstered by Moomoo Malaysia being the first trading platform in Malaysia to support margin financing for IPOs. This allows you to invest with leverage, making it easier to participate in high-potential IPOs even if you don’t have sufficient funds upfront.
Investors can benefit from the additional resources within the Moomoo app, including detailed information on upcoming IPOs, expert analyses and real-time news updates. This ensures you stay informed and make well-grounded investment decisions.
You’ll also be able to gain direct access to exclusive IPO livestreams, where you can hear from industry experts and get the latest updates on new offerings. By engaging with company leaders during live Q&A webinars, you can gain additional insights into upcoming IPOs and their companies’ future plans and growth strategies.
As a special offer for RinggitPlus readers, you can receive RM50 in TNG eWallet Credit guaranteed when you sign up moomoo through RinggitPlus. All you need to do is download the moomoo app via RinggitPlus, deposit a minimum of RM200 into your Moomoo MY universal account, and you’ll receive the RM50 TNG eWallet Credit to further fund your investments.
But the rewards don’t stop there – by signing up and depositing a minimum of RM500, you also stand a chance to win an Apple iPhone 15 Pro!
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Enjoy low fees, hassle-free IPO subscriptions, and exciting rewards – all on one platform. Interested? Click here to find out more about what Moomoo MY has to offer.
This article is brought to you by Moomoo Securities Malaysia Sdn Bhd.
Disclaimer:
This is an advertisement.
The information provided herein is not intended for general circulation but for discussion purposes only. It does not take into account the specific investment objectives, financial situations or particular needs of any particular person. This does not constitute an offer, solicitation or recommendation to buy or sell or subscribe for any security or financial instrument or to enter into any transaction or to participate in any particular trading or investment strategy. Information contained herein should not be relied upon when making investment decisions. You should seek independent legal or tax advice before making any investment decisions. Investments are subject to investment risks, including the possible loss of the principal amount invested. Value of the investments and the income, if any, may fall or rise.
No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by Moomoo Securities Malaysia Sdn Bhd (“Moomoo MY”) and it should not be relied upon as such. Moomoo MY does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. Moomoo MY shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein. The information provided herein may contain projections or other forward-looking statements regarding future events or future performance of countries, assets, markets or companies. Actual events or results may differ materially. Past performance figures are not necessarily indicative of future or likely performance. The information provided herein is based on certain assumptions, information and conditions available as at the date of this advertisement and may be subject to change at any time without notice.
Any reference to any specific company, financial product or asset class in whatever way is used for illustrative purposes only and does not constitute a recommendation on the same. Moomoo MY does not guarantee that all risks associated to the transactions mentioned herein have been identified, nor does it provide advice as to whether you should enter into any such transaction. The contents hereof may not be reproduced or disseminated in whole or in part without Moomoo MY’s written consent.
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This advertisement has not been reviewed by the Securities Commission Malaysia.
For more information, please visit https://www.moomoo.com/my/
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