Moomoo MY Pioneers Seamless Online IPO Subscription Service
Moomoo Securities Malaysia Sdn. Bhd. (Moomoo MY) has recently launched a new IPO subscription service that is set to shake up the investment scene.
The service allows investors to subscribe to IPOs directly through the Moomoo App, streamlining and simplifying capital market participation for local investors.
Direct online IPO subscription
“As the first platform in Malaysia to facilitate a completely seamless and direct online IPO subscription process, making this process as easy and accessible as possible for retail investors, we are not just setting a new industry standard; we are opening doors for potential investors and paving the way for a more inclusive financial ecosystem.
“Our goal is to empower every investor with the tools and knowledge to participate confidently in IPOs,” said Ivan Mok, CEO of Moomoo Securities Malaysia.
The Moomoo Malaysia CDS Account-IPO feature allows investors to subscribe to IPOs directly through the Moomoo App, bypassing traditional paperwork and queues.
Enable in-app deductions
In addition, the service also supports direct in-app deductions. This means that users will not have to deal with the hassle of bank transfers, and provides real-time updates throughout the subscription process.
The service supports direct in-app deductions. This eliminates the hassle of bank transfers, and provides real-time updates throughout the subscription process. From application to IPO allotment, this ensures that investors are well-informed every step of the way.
This service will consist of no fees for IPO subscriptions or maintenance of CDS accounts. Users will also receive a competitively low financing rate of 6.8%. These conditions present a highly attractive and accessible option for investors looking to maximise their financial resources.
Moomoo app resources
The new subscription service is supported by Moomoo app’s robust resources. It provides investors with detailed information about the IPOs, insightful business analyses, and live Q&A sessions with business leaders. These tools ensure that investors have equitable access to crucial information, empowering them to make smarter, well-informed investment decisions.
“Our platform does more than facilitate transactions. Through comprehensive educational resources and direct engagements such as live webinars, we are creating a community of well-informed investors. These efforts ensure equitable access to crucial information, enabling retail investors to make decisions on a level playing field. The upcoming Johor Plantations Group IPO is a prime example of how we leverage this integration to foster a well-informed community of investors,” Mok elaborated.
For more information on Moomoo’s online investment platform, go to www.imoney.my/online-investment.
