There are numerous risks of applying for securities in an Initial Public Offering. If the IPO is over-subscribed, you may not be allotted the quantity of shares you applied for or may not receive any shares. Whether your application is fully allotted or not, you will have the Application Monies locked up during the subscription period. You will also need to pay the interest charges on any IBHK Subscription Financing regardless of whether you are allotted any shares. If the IPO is not over-subscribed you should expect to be allotted all the shares you applied for, barring unforeseen circumstances, and to incur the full costs of such allocation.
Once the IPO Securities are listed for trading, the price will fluctuate and the value of the IPO securities you are allotted may fall rather than rise and may even become worthless.
You should read the Offering Documents, including the Risk Disclosure, prior to making an investment decision and should make sure that the investment decision is based on the Public Offering Documents. You should carefully consider if investment in the Public Offer is suitable for your investment goals by reference to your financial position and other conditions before deciding whether to make an application.