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How to invest in the BikeExchange IPO

BikeExchange is set to go public, here's what you need to know if you're looking to buy in.

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What we know so far

Offer price: $0.26
Proposed code: BEX
Expected raise: $20,000,000
Expected listing: 29 December 2020

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Bicycle retailer BikeExchange 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.

BikeExchange is looking to raise $20,000,000 at $0.26 a share. Although the dates and prices may change, at this stage the company is expected to list on the ASX on 29 December 2020.

How to invest in the BikeExchange IPO

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 Morgans.

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 BikeExchange once it goes public. To do that, you'll need to be signed up to a share trading platform:

How to buy shares when BikeExchange lists

  1. Compare share trading platforms. To buy shares in an Australian-listed company, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  3. Search for BikeExchange. Find the share by name or ticker symbol: BEX. You can also search for any other shares traded publicly on exchanges available within your chosen platform.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until BikeExchange reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At price of at you're buying the shares, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
  6. Check in on your investment. Congratulations, you own a part of BikeExchange. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

What we know about the BikeExchange IPO

BikeExchange lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol BEX.

Morgans were appointed as lead managers with an expected raise of $20,000,000 at $0.26 per share. You can check out some of the key dates and figures in the table below:


BikeExchange IPO key numbers
Offer price $0.26
Dividend yield 0%
Total number of shares available under the offer 76,923,076
Proposed ASX code ASX: BEX
Target market cap $76,178,936
Retail offer opens 29 December 2020
Retail offer closes 25 January 2021
Expected listing on ASX 29 December 2020
Expected dispatch of holding statements 5 February 2021
Source: BikeExchange prospectus

According to latest information available, retail investors (regular investors) have between 29 December 2020 and 25 January 2021 to participate in the BikeExchange IPO. After the retail offer close date, you'll need to wait until the stock is publicly available on the ASX to buy shares.

Compare share trading platforms

The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
Data indicated here is updated regularly
Name Product Standard brokerage fee Inactivity fee Markets
IG Share Trading
Finder Award
IG Share Trading
AUD 8 or 0.1%
AUD 50 per quarter if you make fewer than three trades in that period
ASX shares, Global shares, Forex, CFDs, Margin trading
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, forex and CFDs, plus get access to 24-hour customer support.
Go to site
More Info
Bell Direct Share Trading
Finder Award
Bell Direct Share Trading
AUD 15 or 0.1%
No
ASX shares, mFunds
Invest in Australian shares, options and managed funds from the one account with no inactivity fee.
Bell Direct offers a one-second placement guarantee on market-to-limit ASX orders or your trade is free, plus enjoy extensive free research reports from top financial experts.
Go to site
More Info
Superhero share trading
Superhero share trading
AUD 5
No
ASX shares
Pay zero brokerage on all Australian ETFs.
Trade ASX stocks with a flat $5 commission fee and a low minimum investment of just $100.
Go to site
More Info
CMC Markets Stockbroking
Finder Award
CMC Markets Stockbroking
AUD 11 or 0.1%
No
ASX shares, Global shares, Forex, CFDs, Margin trading, Options trading, mFunds
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 9,000 products, including shares, managed funds, forex, commodities and cryptocurrencies, plus access up to 15 major global and Australian stock exchanges.
Go to site
More Info
ANZ Share Investing
ANZ Share Investing
AUD 19.95
No
ASX shares, Global shares, Options trading, mFunds, ETFs, Warrants
Earn 1 Qantas Point per AU$3 spent on brokerage fees on certain instruments.
Access Morningstar reports, company announcements and and live pricing via ANZ’s share investing platform. Available for desktop and mobile.
More Info
Westpac Online Investing Account
Westpac Online Investing Account
AUD 19.95 or 0.11%
AUD 63.50 per year on the global markets account
ASX shares, Global shares, Options trading, US shares
More Info
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Balance sheet

In 2020 , the Company generated $3,671,000 of revenue. Estimated net profit (NPAT) in 2020 was -$2,907,000, and -$4,541,000 in the prior year.

Company history

BikeExchange launched in 2007 by Sam Salter and Jason Wyatt and is headquartered in Melbourne, Australia.

How do I buy shares?

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