What we know so far
Mining and exploration company First Lithium is set to list on the Australian Securities Exchange (ASX). This means you'll soon be able to buy company shares through a broker. 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.
You can invest in pre-IPO stock through a participating broker or lead manager before the offer closes on 17 July 2023. In this case, the First Lithium IPO is being lead managed by Inyati Capital Pty Ltd.
If you're already registered with a broker, check if they're offering pre-listed stock or think about signing up to a participating broker.
However, it can be tricky for regular investors to participate in IPOs because only a few firms are usually allocated pre-IPO stock. In most cases, these are full-service brokers that require a large initial deposit.
Your other easier option is to buy shares in First Lithium once it goes public. You can do that through a share trading platform:
First Lithium lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol FL1.
Inyati Capital Pty Ltd were appointed as lead managers with an expected raise of $2,000,000 at $0.20 per share. You can check out some of the key dates and figures in the table below:
|First Lithium IPO key numbers|
|Total number of shares available under the offer||10,000,000|
|Proposed ASX code||ASX: FL1|
|Target market cap||$31,254,334|
|Retail offer opens||10 July 2023|
|Retail offer closes||17 July 2023|
|Expected listing on ASX||TBA|
|Expected dispatch of holding statements||7 August 2023|
According to latest information available, retail investors (regular investors) have between 10 July 2023 and 17 July 2023 to participate in the First Lithium IPO. After the retail offer close date, you'll need to wait until the stock is publicly available on the ASX to buy shares.
First Lithium (formerly Ookami) launched in 1983 and is head quartered in Melbourne, Victoria
What you need to know about investing in Shein from Australia.
Looking for the best performing stocks in Australia? We update this list weekly.
If you're thinking of trading stocks with Tiger Brokers, check out our review of this online broker's fees, safety and pros and cons first.
Steps to owning and managing Gol Linhas Aéreas Inteligentes SA shares from Australia.
Steps to owning and managing Caltex Australia shares from .
Looking for alternative investments? With a ROI of up to 3,593% lego may be worth considering. Read on to find out which lego sets are worth the investment.
Find cheap stock brokerage in Australia when buying and selling shares on the ASX and other international exchanges.
Learn about the money market and everyday consumer money market products.
Equity crowdfunding offers a unique opportunity for investors and for Australian startups, but Australia’s regulatory framework surrounding crowdfunding still lags behind the rest of the world.
Follow these tips to find the best share trading platform for you.