SME IPO

SME IPOs can offer opportunity — with higher risk.

SME IPOs typically have larger application lots, lower liquidity after listing and different market-making dynamics than Mainboard issues.

SME basics

Higher Lot • Lower Liquidity

Investors should pay extra attention to business quality, valuation, liquidity and exit risk.

Key Risks

What makes SME IPOs different.

Large Lot SizeMinimum application value can be materially higher than Mainboard issues.
Liquidity RiskExit may be difficult if trading volumes become thin after listing.
VolatilityPrice moves can be sharp in either direction, especially around listing.
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