Moomoo Securities Malaysia Sdn. Bhd. (Moomoo MY) is revolutionizing the investment landscape with the launch of its groundbreaking IPO subscription service. This service allows investors to subscribe to IPOs directly through the Moomoo App, marking the first time such a process has been streamlined online in Malaysia. This innovative service simplifies capital market participation, enabling investors to engage directly from their devices.
CEO of Moomoo Securities Malaysia, Mr. Ivan Mok, emphasized the transformative vision behind this service: “This initiative is a cornerstone in Moomoo MY’s mission to revolutionize financial services. As the first platform in Malaysia to offer a seamless and direct online IPO subscription process, we are setting a new industry standard. Our goal is to empower investors with the tools and knowledge to confidently participate in IPOs, paving the way for a more inclusive financial ecosystem.”
Empowering Financial Inclusion and Accessibility
The Moomoo Malaysia CDS Account-IPO feature enables investors to subscribe to IPOs directly through the Moomoo App, eliminating traditional paperwork and queues. The service supports direct in-app deductions, removing the hassle of bank transfers, and provides real-time updates throughout the subscription process, ensuring investors are well-informed every step of the way. Setting up the CDS Account-IPO is straightforward: users navigate to the ‘Accounts’ section on the Moomoo App, select CDS Account-IPO, and follow the prompts to ensure their personal and bank account information is accurate and updated. Successful IPO shares are initially credited to the user’s CDS Account-IPO before being transferred to their comprehensive Moomoo MY account.
Moomoo MY offers this service with no fees for IPO subscriptions or CDS account maintenance, along with a competitively low financing rate of 6.8%. These conditions present an attractive and accessible option for investors looking to maximize their financial resources.
Creating a Community of Well-Informed Investors
This development is further enhanced by comprehensive resources within the Moomoo app, including detailed IPO information, insightful business analyses, and live Q&A sessions with business leaders. These tools ensure that investors have access to crucial information, empowering them to make informed investment decisions. This approach aligns with Moomoo MY’s mission to foster a knowledgeable and empowered investor community.
“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 investor community,” Mok elaborated.
Upcoming Johor Plantations Group IPO
The Johor Plantations Group IPO, set to be the largest of 2024, will be available for Malaysian investors to subscribe to via this innovative service on the Moomoo platform. This offering, available until June 24th, will be accompanied by a live Q&A webinar with Managing Director Faris Adli Shukery. This session will provide detailed insights into the IPO and the company’s future plans, allowing investors to engage directly and get their questions answered.
Moomoo continues to lead the way in providing users with real-time market data, innovative tools, and a user-friendly interface that empowers informed investment decisions and strategic trading actions. The platform has quickly risen to prominence in the Malaysian market, reaching 100,000 clients in just six weeks after launch and now boasting over 300,000 Malaysian users. As of April 23, 2024, Moomoo is the number one most downloaded financial app in Malaysia. This latest advancement in IPO subscription services is yet another milestone in Moomoo MY’s mission to transform the investing experience in Malaysia, demonstrating its transformative impact and growing influence on the local investment landscape.
For more information on the new IPO subscription service on Moomoo, please visit www.moomoo.com/my.