What we know so far
| Offer price: | $0.20 |
| Proposed code: | DBO |
| Expected raise: | $6,500,000 |
| Expected listing: | 12 October 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!
Mining and exploration company Diablo Resources is set to list soon on the Australian Securities Exchange (ASX), which means that you'll be able to buy company shares.
Diablo Resources had looked to raise $6,500,000 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 12 October 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.
How to invest in the Diablo Resources 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 PAC Partners Securities 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 Diablo Resources once it goes public. To do that, you'll need to be signed up to a share trading platform:
How to buy shares when Diablo Resources 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 Diablo Resources. Find the share by name or ticker symbol: DBO. 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 Diablo Resources 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 Diablo Resources. 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.
Our top pick for
US stocks
Our top pick for
ETF investing
Our top pick for
Overall broker
What we know about the Diablo Resources IPO
Diablo Resources lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol DBO.
PAC Partners Securities Pty Ltd were appointed as lead managers with an expected raise of $6,500,000 at $0.20 per share. You can check out some of the key dates and figures in the table below:
| Diablo Resources IPO key numbers | |
|---|---|
| Offer price | $0.20 |
| Dividend yield | 0% |
| Total number of shares available under the offer | 32,500,000 |
| Proposed ASX code | ASX: DBO |
| Target market cap | $14,900,000 |
| Retail offer opens | 24 August 2021 |
| Retail offer closes | 21 September 2021 |
| Expected listing on ASX | 12 October 2021 |
| Expected dispatch of holding statements | 27 September 2021 |
According to latest information available, retail investors (regular investors) have between 24 August 2021 and 21 September 2021 to participate in the Diablo Resources IPO. After the retail offer close date, you'll need to wait until the stock is publicly available on the ASX to buy shares.
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.
How do I buy shares?
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.
More guides on Finder
-
How to buy Star Atlas DAO (POLIS) in Australia
This guide will show you step-by-step instructions on how to buy the Star Atlas DAO (POLIS) token as well as a list of exchanges you can trade it on.
-
Why the FMG share price is under pressure again today
Shares in iron ore miner Fortescue Metals Group have declined 17% in the last month.
-
How to invest in the Remsense Technologies IPO
Everything we know about the Remsense Technologies IPO, plus information on how to buy in.
-
Today’s ASX top stocks: Stanmore Coal (SMR ↑10.2%), OceanaGold Corporation (OGC ↑7.9%)
The 10 biggest movers on the ASX for Tuesday 14 September 2021.
-
How to invest in the Aurum Resources IPO
Everything we know about the Aurum Resources IPO, plus information on how to buy in.
-
Why the Sydney Airport share price has lifted
The market value of Australia’s biggest airport operator is up 46% over the last 12 months.
-
Today’s ASX top stocks: Deep Yellow (DYL ↑24.0%), Liontown Resources (LTR ↑16.8%)
The 10 biggest movers on the ASX for Monday 13 September 2021.
-
Why are the CBA and NAB share prices firming up today?
Shares in the major banks have already recorded gains of between 45-60% in the last 12 months.
-
Today’s ASX top stocks: Liontown Resources (LTR ↑11.3%), Centaurus Metals (CTM ↑11.2%)
The 10 biggest movers on the ASX for Friday 10 September 2021.
-
Today’s ASX top stocks: Civmec (CVL ↑11.3%), Service Stream (SSM ↑11.1%)
The 10 biggest movers on the ASX for Thursday 9 September 2021.
Ask an Expert
