What we know so far
|Expected raise:||$10.4 million|
|Expected listing:||6 December 2021|
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Fixed income securities investment marketplace Australian Bond Exchange is set to list soon on the Australian Securities Exchange (ASX), which means that you'll be able to buy company shares.
Australian Bond Exchange had looked to raise $10.4 million at $0.65 a share in its initial public offering (IPO). Although the dates and prices may change, the company is pegged to begin trading publicly on the ASX on 6 December 2021.
Here's what we know about the initial public offering (IPO), including how to invest before it lists and how to buy in when it lists.
To invest in an IPO, you'll typically need to be registered with a participating broker or lead manager. This can be tricky for regular investors because only a few firms are allocated IPO stock and they're most often full-service brokers. In this case, the IPO is being lead managed by Stock Marketplace Pty Limited, and Pulse Markets Pty Limited.
If you're already registered with a broker, it always pays to check if they're offering pre-listed IPO stock, as lead managers sometimes allocate a portion of shares on to other firms. Your other option is to buy shares in Australian Bond Exchange once it goes public. To do that, you'll need to be signed up to a share trading platform:
Australian Bond Exchange lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol ABE.
Stock Marketplace Pty Limited, and Pulse Markets Pty Limited were appointed as lead managers with an expected raise of $10.4 million at $0.65 per share. You can check out some of the key dates and figures in the table below:
|Australian Bond Exchange IPO key numbers|
|Total number of shares available under the offer||16,000,000|
|Proposed ASX code||ASX: ABE|
|Target market cap||$76,332,071|
|Retail offer opens||5 November 2021|
|Retail offer closes||19 November 2021|
|Expected listing on ASX||6 December 2021|
|Expected dispatch of holding statements||30 November 2021|
According to latest information available, retail investors (regular investors) have between 5 November 2021 and 19 November 2021 to participate in the Australian Bond Exchange IPO. After the retail offer close date, you'll need to wait until the stock is publicly available on the ASX to buy shares.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Australian Bond Exchange launched in 2015 by Michael Vanderdonk, Markus Mueller, and Allison Muelle and is headquartered in Sydney, NSW 2000.
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