Hong Kong IPO fee calculator: entry fee, margin interest, break-even, scenarios
Enter the offer price and board lot from the prospectus, plus your broker's margin terms and the allotment results. You get the exact entry fee, funding cost, break-even sell price and P&L under different day-one moves. Everything runs in your browser and nothing is uploaded.
Basis: 1% brokerage + 0.0027% SFC levy + 0.00015% AFRC levy + 0.00565% trading fee, each rounded to the cent. Selling: 0.1% stamp duty (rounded up to HK$1), trading fee, levies and broker charges. The break-even price is theoretical. Round it up to a valid tick.
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When you are done, print the page or save it as a PDF. The URL also keeps all your inputs, so you can bookmark or share it.
When you are done, print the page or save it as a PDF. The URL also keeps all your inputs, so you can bookmark or share it.
Chrome extension: HK IPO Ledger
Same fee engine plus a multi-broker IPO ledger, allotment and P&L stats, and a ticker converter. Data stays on your device. Free for up to 30 records; Pro is a one-time payment with no auto-renewal. Get the extension See pricing
Same fee engine plus a multi-broker IPO ledger, allotment and P&L stats, and a ticker converter. Data stays on your device. Free for up to 30 records; Pro is a one-time payment with no auto-renewal. Get the extension See pricing
Guides
Hong Kong IPO fees explained: what the 1.00857% in the entry fee is
HK IPO entry fee = offer price × board lot + 1% brokerage + 0.0027% SFC levy + 0.00015% AFRC levy + 0.00565% HKEX trading fee, each rounded to the cent. Worked example and sources.Hong Kong IPO Mechanism A vs Mechanism B: how much goes to retail
From 4 Aug 2025 the HK public subscription tranche uses Mechanism A (5%, clawback to 15/25/35%) or Mechanism B (fixed 10–60%, no clawback). Specialist Technology Companies have their own mechanism.Hong Kong IPO Pool A and Pool B: the HK$5 million line
HK IPO public subscription shares are split equally into Pool A (applications ≤ HK$5m) and Pool B (> HK$5m). Multiple applications are rejected.Margin (financing) for Hong Kong IPOs: interest, fees and break-even
How to compute own cash, margin loan, interest and break-even price when applying for HK IPOs on margin. Interest is paid whether or not you are allotted.Hong Kong IPO timetable under FINI (T+2)
Typical HK IPO timetable under FINI: public subscription T-4 09:00 to T-1 12:00, pricing and balloting by T 12:00, trading starts T+2 09:00.Costs of selling IPO shares in Hong Kong: stamp duty 0.1% rounded up
Selling HK shares: stamp duty 0.1% (rounded up to HK$1), trading fee 0.00565%, SFC levy 0.0027%, AFRC levy 0.00015%, plus broker commission and platform fees.
HK IPO entry fee = offer price × board lot + 1% brokerage + 0.0027% SFC levy + 0.00015% AFRC levy + 0.00565% HKEX trading fee, each rounded to the cent. Worked example and sources.Hong Kong IPO Mechanism A vs Mechanism B: how much goes to retail
From 4 Aug 2025 the HK public subscription tranche uses Mechanism A (5%, clawback to 15/25/35%) or Mechanism B (fixed 10–60%, no clawback). Specialist Technology Companies have their own mechanism.Hong Kong IPO Pool A and Pool B: the HK$5 million line
HK IPO public subscription shares are split equally into Pool A (applications ≤ HK$5m) and Pool B (> HK$5m). Multiple applications are rejected.Margin (financing) for Hong Kong IPOs: interest, fees and break-even
How to compute own cash, margin loan, interest and break-even price when applying for HK IPOs on margin. Interest is paid whether or not you are allotted.Hong Kong IPO timetable under FINI (T+2)
Typical HK IPO timetable under FINI: public subscription T-4 09:00 to T-1 12:00, pricing and balloting by T 12:00, trading starts T+2 09:00.Costs of selling IPO shares in Hong Kong: stamp duty 0.1% rounded up
Selling HK shares: stamp duty 0.1% (rounded up to HK$1), trading fee 0.00565%, SFC levy 0.0027%, AFRC levy 0.00015%, plus broker commission and platform fees.