An IPO could be suspended and/or cancelled by the Issuer for numerous reasons after the IPO subscription has closed. Majority of the times, Issuer of the IPO will not disclose the exact reason as to why the IPO has been suspended/cancelled, and therefore, Interactive Brokers Hong Kong has no way to confirm.
Once HKEX publishes the official announcement (via their website) and confirms the refund date (which could be the original date or a later date), Interactive Brokers Hong Kong will ensure to comply with the official announcement and arrange a full refund of subscription funds/application monies on the date confirmed by the exchange.
When this occurs, status of the IPO will be displayed as either SUSPENDED or CANCELLED in Client Portal > Trade > IPO Subscription and subscribed clients will receive an email with the link to the official announcement and refund date.
Please Note
- Application Processing Fee is non-refundable and therefore will not be refunded.
- Margin Financing Interest (i.e., interest on borrowed/loan amount or leveraged orders), in most cases, will not be refunded as additional funding arrangement is done (which incurs extra cost for Interactive Brokers Hong Kong).