How to buy Booktopia shares

Booktopia is now trading publicly on the ASX, here’s what you need to know if you’re looking to buy shares.

What we know so far

Offer price: $2.30
Proposed code: BKG
Expected raise: $43.1 million
Expected listing: 3 December 2020
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Booktopia shares are now publicly available to purchase on the Australian Securities Exchange (ASX). Here's what we know about the IPO and how you can buy in.

How to invest in the Booktopia IPO

Booktopia has listed on the ASX, so you can now buy shares over the stock market. To do that, you'll need to be signed up to a broker. Your cheapest option is to sign up to an online broker. Check out the steps below:

How to buy shares when Booktopia 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 Booktopia. Find the share by name or ticker symbol: BKG. 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 Booktopia 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 Booktopia. 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 Booktopia IPO

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

Morgans and Shaw and Partners were appointed as lead managers with an expected raise of $43.1 million at $2.30 per share. You can check out some of the key dates and figures in the table below:

Booktopia IPO key numbers
Offer price $2.30
Dividend yield 0%
Total number of shares available under the offer 10.9 million new shares
Proposed ASX code ASX: BKG
Target market cap $315.8 million
Retail offer opens November 10 2020
Retail offer closes November 24 2020
Expected listing on ASX 3 December 2020
Expected dispatch of holding statements 30 November 2020
Source: Booktopia prospectus

According to latest information available, retail investors (regular investors) have between November 10 2020 and November 24 2020 to participate in the Booktopia IPO. After the retail offer close date, you'll need to wait until the stock is publicly available on the ASX to buy shares.

Company history

Booktopia Group was launched in Sydney in 2004 by Tony Nash, Simon Nash, and Steven Traurig.

In 2015, the company acquired bookseller Angus & Robertson and in FY2020, it acquired the University Co-Op Bookshop.

Today it's the largest locally-owned online book seller by market share (around 6%) and boasts 2.3 million repeat customers. In the FY19/20, Booktopia saw on average 25,000 items shipped per day.

Booktopia balance sheet

Booktopia's main source of revenue is through the sale of books as well as eBooks, DVDs, audiobooks, calendars and stationary.

The good news is that the company is growing. In FY20, the company generated $165.8 million in revenue with a net profit of $200,000.

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.
Name Product Standard brokerage fee Inactivity fee Markets
IG Share Trading
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ASX shares, Global shares
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Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, plus get access to 24-hour customer support.
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Pay zero brokerage on US stocks and all ETFs and just $5 (flat fee) to trade Australian shares from your mobile or desktop.
CMC Markets Stockbroking
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$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 9,000 products, including shares, ETFs and managed funds, plus access up to 15 major global and Australian stock exchanges.
Bell Direct Share Trading
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Saxo Capital Markets (Classic account)
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ASX shares, Global shares, Forex, CFDs, Margin trading, Options trading, ETFs
Acess 19,000+ stocks on 37 exchanges worldwide
Low fees for Australian and global share trading, no inactivity fees, low currency conversion fee and optimised for mobile.

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