What we know so far
Offer price: | $0.20 |
Proposed code: | ALB |
Expected raise: | $5,000,000 |
Expected listing: | 27 April 2021 |
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Metal and gold exploration company Albion Resources is expected to list soon on the Australian Securities Exchange (ASX), which means that you'll have the option of buying shares. Here's what we know about the initial public offering, including how to invest before it lists and how to buy in when it launches.
Albion Resources is looking to raise $5,000,000 at $0.20 a share. Although the dates and prices may change, at this stage the company is expected to list on the ASX on 27 April 2021 .
To invest in an IPO, you'll usually need to be registered with a participating broker or lead manager. This can be tricky for retail investors because there are usually only a few firms allocated for each IPO and they're typically full-service stockbrokers. In this case, the IPO is being lead managed by CPS Capital Group Pty Ltd.
If you're already registered with a broker, it always pays to check if they're offering IPO stock, as lead managers sometimes allocate a portion of shares on to other firms. Your other option is to buy shares in Albion Resources once it goes public. To do that, you'll need to be signed up to a share trading platform:
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Albion Resources lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol ALB.
CPS Capital Group Pty Ltd were appointed as lead managers with an expected raise of $5,000,000 at $0.20 per share. You can check out some of the key dates and figures in the table below:
Albion Resources IPO key numbers | |
---|---|
Offer price | $0.20 |
Dividend yield | 0% |
Total number of shares available under the offer | 25,000,000 |
Proposed ASX code | ASX: ALB |
Target market cap | – |
Retail offer opens | 26 March 2021 |
Retail offer closes | 15 April 2021 |
Expected listing on ASX | 27 April 2021 |
Expected dispatch of holding statements | 22 April 2021 |
According to latest information available, retail investors (regular investors) have between 26 March 2021 and 15 April 2021 to participate in the Albion Resources IPO. After the retail offer close date, you'll need to wait until the stock is publicly available on the ASX to buy shares.
Albion Resources launched in 2017 by and is headquartered in Perth, West Australia.