What we know so far
|Expected raise:||$20 million|
|Expected listing:||18 June 2021|
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Butn 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.
Butn 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:
Butn lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol BTN.
Canaccord Genuity (Australia) Limited were appointed as lead managers with an expected raise of $20 million at $0.50 per share. You can check out some of the key dates and figures in the table below:
|Butn IPO key numbers|
|Total number of shares available under the offer||40 million|
|Proposed ASX code||ASX: BTN|
|Target market cap||$80 million|
|Retail offer opens||3 June 2021|
|Retail offer closes||9 June 2021|
|Expected listing on ASX||18 June 2021|
|Expected dispatch of holding statements||17 June 2021|
According to latest information available, retail investors (regular investors) have between 3 June 2021 and 9 June 2021 to participate in the Butn 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.
Butn launched in 2015 by Walter Rapoport, and Rael Ross and is headquartered in Caulfield North, VIC 3161.
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