I received enough emails from ‘new comers’ asking how to apply for IPO shares and how to sell them that it may be timely to write a post on this. For seasoned IPO old birds, please bear with this even though it creates new ‘competition’ for the limited public shares. hahaha. This post only covers applying for the “public tranche” of the IPO shares.
Step 1: Open a CDP account with SGX. Without a CDP account, you will not be able to apply for the IPO shares as you need to key in your CDP account number the first time you apply for the shares. For your convenience, you may want to open a CDP account with any brokerage firms.
Step 2: Ensure you have an account with our local banks here and the ATM card.
Whenever a company wants to go for listing, it has to choose an …