Fast Interface for New Issuance, the IPO issuance and settlement platform run by HKSCC under HKEX, launched on 22 November 2023. A listing issuer offering shares for subscription on a new listing must use FINI to collect and process subscription and settlement data; the existing T+5 IPO settlement process is no longer supported for the types of listing migrated to FINI, which now follow a T+2 timetable (T is the pricing date and T+2 the first trading day). The launch of FINI is separate from the offering mechanism that applies from 4 August 2025 (Mechanism A with a 5% initial allocation and 15%/25%/35% clawback), which is a Listing Rules amendment. Basis: HKEX FINI Information Pack; Practice Note 18.
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.
This page explains the HK IPO term "FINI Platform" 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.
