An IPO coupon is a privileged coupon issued by Tiger to be utilised on specific underlying stocks when clients subscribe for IPOs in various markets. Currently, Tiger offers the HKPO coupon and the USPO coupon for Hong Kong and US markets respectively.
Category 1: HKPO Financing Coupon
An HKPO financing coupon is a privileged coupon used in the subscription for specific Hong Kong IPOs.
Clients who wish to subscribe for HK IPOs may obtain additional financing by utilising an HKPO financing coupon. Financing amount for a single underlying stock are available on a first-come, first-serve basis. Depending on the specific underlying stocks, clients may be able to get a higher leverage ratio. An HKPO financing coupon will be removed from the client's account once it is successfully used. Clients may utilise a maximum of 1 HKPO financing coupon per subscription.
Category 1: USPO Shs+ Coupon
A USPO shs+ coupon is a privileged coupon used to obtain additional shares allotment in the subscription for specific US IPOs.
Upon successfully utilising a USPO shs+ coupon, clients will receive an additional number of allotted shares. A USPO shs+ coupon will be removed from the client's account once it is successfully utilised. Clients may utilise a maximum of 1 USPO shs+ coupon per subscription.
Category 2: USPO Minimum Shares Coupon
Upon successfully utilising a USPO minimum shares coupon, a certain number of allotted shares will be guaranteed in the subscription for specific US IPOs.
Upon successfully utilising a USPO minimum share coupon, the client will be allotted a certain number of US new shares. A USPO minimum share coupon will be removed from the client's account once it is successfully used. Clients may utilise a maximum of 1 USPO minimum share coupon per subscription.
Information regarding the utilisation of a USPO coupon and the number of shares allotted per coupon can be found via [Tiger Trade APP > Trade > IPO > History].
A USPO shs+ coupon and a USPO minimum shares coupon are not allowed to be utilised together in a single subscription.
Instructions: Clients are required to collect the coupon within 20 days after it is delivered via [Tiger Trade APP > Me > Promotions & Rewards]. Uncollected coupons during this period will automatically become invalid. A coupon will be valid for 30 days after collection. A coupon can only be used in the IPO subscriptions specified by Tiger (as specified on the IPO page and in the Rewards Center).