Moomoo app allows IPO subscriptions

KUALA LUMPUR: Moomoo Securities Malaysia Sdn Bhd’s Moomoo app now allows for subscription of initial public offerings (IPOs). Its chief executive officer, Ivan Mok, said it is the first platform to facilitate a seamless and direct online IPO subscription process, making the process as easy and accessible as possible for retail investors. The service supports direct in-app deductions, and provides real-time updates throughout the subscription process, ensuring that investors are well-informed every step of the way.