What we know so far
| Offer price: | $0.20 |
| Proposed code: | CSM |
| Expected raise: | $5,000,000 - $6,000,000 |
| Expected listing: | TBA |
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Mining and exploration company Cosmo Gold 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.
How to invest in the Cosmo Gold 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 RM Corporate Finance.
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 Cosmo Gold once it goes public. To do that, you'll need to be signed up to a share trading platform:
How to buy shares when Cosmo Gold lists
- 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.
- 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.
- Search for Cosmo Gold. Find the share by name or ticker symbol: CSM. You can also search for any other shares traded publicly on exchanges available within your chosen platform.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Cosmo Gold reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- 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.
- Check in on your investment. Congratulations, you own a part of Cosmo Gold. 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.
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What we know about the Cosmo Gold IPO
Cosmo Gold lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol CSM.
RM Corporate Finance were appointed as lead managers with an expected raise of $5,000,000 - $6,000,000 at $0.20 per share. You can check out some of the key dates and figures in the table below:
| Cosmo Gold IPO key numbers | |
|---|---|
| Offer price | $0.20 |
| Dividend yield | 0% |
| Total number of shares available under the offer | 25,000,000 - 30,000,000 |
| Proposed ASX code | ASX: CSM |
| Target market cap | $9,271,000 - $10,271,000 |
| Retail offer opens | 12 February 2021 |
| Retail offer closes | 4 June 2021 |
| Expected listing on ASX | TBA |
| Expected dispatch of holding statements | 15 June 2021 |
According to latest information available, retail investors (regular investors) have between 12 February 2021 and 4 June 2021 to participate in the Cosmo Gold 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.
How do I buy shares?
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