18C

HK IPO Term
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Definition
HKEX Listing Rule Chapter 18C for specialist technology companies. Mechanisms A and B do not apply. Initial allocation 5%, with clawback: 10x to below 50x → 10%, 50x or above → 20%. At least 50% of total offering shares must be taken up by independent pricing investors in the placing tranche.
Category
Offering Mechanism

Basis

The links above lead to official sources such as HKEX and the SFC. The explanation on this site summarises them and may differ from the official definition; the official documents prevail.

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This page explains the HK IPO term "18C" and links to related terms. Definitions are compiled from HKEX Practice Note 18 and the Listing Rules, for understanding subscription rules only — not investment advice.

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