How to invest in the Coolabah Metals IPO

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

What we know so far

Offer price: $0.20
Proposed code: CBH
Expected raise: $6,000,000
Expected listing: 22 June 2022
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Minerals exploration company Coolabah Metals is set to list soon on the Australian Securities Exchange (ASX), which means that you'll be able to buy company shares.

Coolabah Metals had looked to raise $6,000,000 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 22 June 2022.

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.

How to invest in the Coolabah Metals IPO

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 Barclay Pearce Capital Pty Ltd and CPS Capital Group 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 Coolabah Metals once it goes public. To do that, you'll need to be signed up to a share trading platform:

How to buy shares when Coolabah Metals 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 Coolabah Metals. Find the share by name or ticker symbol: CBH. 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 Coolabah Metals 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 Coolabah Metals. 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 Coolabah Metals IPO

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

Barclay Pearce Capital Pty Ltd and CPS Capital Group Pty Ltd were appointed as lead managers with an expected raise of $6,000,000 at $0.20 per share. You can check out some of the key dates and figures in the table below:


Coolabah Metals IPO key numbers
Offer price $0.20
Dividend yield 0%
Total number of shares available under the offer 30,000,000
Proposed ASX code ASX: CBH
Target market cap $10,190,000
Retail offer opens 9 May 2022
Retail offer closes 6 June 2022
Expected listing on ASX 22 June 2022
Expected dispatch of holding statements 15 June 2022
Source: Coolabah Metals prospectus

According to latest information available, retail investors (regular investors) have between 9 May 2022 and 6 June 2022 to participate in the Coolabah Metals IPO. After the retail offer close date, you'll need to wait until the stock is publicly available on the ASX to buy shares.

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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.
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Name Product Standard brokerage fee Inactivity fee Markets
Tiger Brokers
Exclusive
Tiger Brokers
$6.49
No
ASX shares, Global shares, US shares
Exclusive to Finder: Sign up to Tiger through Finder and on completion of your first deposit of any amount or transfer of shares receive 1 extra free GoPro share. T&Cs apply.
Get started with $0 brokerage on ASX and US stocks for the first 3 months upon completion of your first qualifying deposit. Also receive a free Apple share if you deposit $3,000 or more.
SelfWealth (Basic account)
$9.5
No
ASX shares, US shares
Trade ASX and US shares for a flat fee of $9.50, regardless of the trade size.
New customers receive free access to Community Insights with SelfWealth Premium for the first 90 days. Follow other investors and benchmark your portfolio performance.
IG Share Trading
$8 or 0.1%
$50 per quarter if you make fewer than three trades in that period
ASX shares, Global shares
$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, plus get access to 24-hour customer support.
CMC Markets Invest
$0
No
ASX shares, Global shares, mFunds, ETFs
$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. Plus, buy Aussie shares for $0 brokerage up to $1,000. (Limited to one buy order per stock per trading day).
Superhero share trading
$5
No
ASX shares, US shares, ETFs
Sign up & fund your account with A$100 or more and receive US$10 of Tesla stocks on Superhero. T&Cs apply.
Enjoy $0 brokerage on US stocks and buying ETFs as well as a flat $5 fee to trade Australian shares.
GO Markets Share Trading
$7.70
No
ASX shares, Forex, CFDs, ETFs
Zero Brokerage on your next 50 trades!
Simply transfer an existing HIN before 30 June and pay no fees on your next 50 transactions. Alternatively, transfer your existing shares and receive 5 transactions at zero cost for each shareholding transferred, once again up to 50 free trades. T & Cs apply
Saxo Capital Markets (Classic account)
$5
No
ASX shares, Global shares, ETFs
Access 19,000+ stocks on 40+ exchanges worldwide
Low fees for Australian and global share trading, no inactivity fees, low currency conversion fee and optimised for mobile.
Bell Direct Share Trading
$15
No
ASX shares, mFunds, ETFs
Get $300 free brokerage until 30 June when you move to Bell Direct. T&Cs apply.
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.
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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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