What we know so far
|Expected raise:||$10 million – $12 million|
|Expected listing:||2 December 2021|
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Australian‑owned resource collection and recycling company Close The Loop is set to list soon on the Australian Securities Exchange (ASX), which means that you'll be able to buy company shares.
Close The Loop had looked to raise $10 million – $12 million at $0.20 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 2 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 Aitken Murray Capital Partners Pty Ltd and Cumulus Wealth Pty Ltd.
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 Close The Loop once it goes public. To do that, you'll need to be signed up to a share trading platform:
Close The Loop lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol CLG.
Aitken Murray Capital Partners Pty Ltd and Cumulus Wealth Pty Ltd were appointed as lead managers with an expected raise of $10 million – $12 million at $0.20 per share. You can check out some of the key dates and figures in the table below:
|Close The Loop IPO key numbers|
|Total number of shares available under the offer||50,000,000 – 60,000,000|
|Proposed ASX code||ASX: CLG|
|Target market cap||$63,876,296 – $65,876,296|
|Retail offer opens||1 November 2021|
|Retail offer closes||19 November 2021|
|Expected listing on ASX||2 December 2021|
|Expected dispatch of holding statements||29 November 2021|
According to latest information available, retail investors (regular investors) have between 1 November 2021 and 19 November 2021 to participate in the Close The Loop 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.
The 10 biggest movers on the ASX for Wednesday 1 December 2021.
Find out what is and isn’t covered by insurance if Omicron impacts your travel plans.
Today's best online deals include: $130 off Philips air fryers, $250 off Apple AirPods Max, 50% off at Myer.
Shares in Australian BNPL providers are down 12-24% in the last month alone.
Dust off your Manolos: The girls are back in town!
Your holiday watchlist is sorted! Here’s everything coming to Australian streaming services in December 2021.
Australians are spending big this holiday season, with the average person planning to spend $1,232 this Christmas, according to Finder.
You can binge-watch the iconic medical drama from the very beginning.
AncestryDNA's popular DNA testing kits are selling for $85 during Cyber Monday sales. That's $45 off the RRP.
You can make green and wallet-friendly decisions about your home, your choice of energy provider, insurer, even your mortgage lender.
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money here.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.