What we know so far
| Offer price: | $0.20 |
| Proposed code: | FG1 |
| Expected raise: | $7 million – $10 million |
| Expected listing: | 10 May 2021 |
Investments
Get exclusive money-saving offers and guides
Straight to your inbox
By signing up, you agree to the Finder
Privacy & Cookies Policy
and
Terms of Use, Disclaimer & Privacy Policy.
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!
Gold-exploration company Flynn 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.
Flynn Gold is looking to raise $7 million – $10 million at $0.20 a share. Although the dates and prices may change, at this stage the company is expected to list on the ASX on 10 May 2021.
How to invest in the Flynn 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 Taylor Collison Limited.
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 Flynn 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 Flynn 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 Flynn Gold. Find the share by name or ticker symbol: FG1. 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 Flynn 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 Flynn 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.
Our top pick for
US stocks
Finder Award
Our top pick for
Cheap broker fees
Finder Award
Our top pick for
Long-term investing
Finder Award
What we know about the Flynn Gold IPO
Flynn Gold lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol FG1.
Taylor Collison Limited were appointed as lead managers with an expected raise of $7 million – $10 million at $0.20 per share. You can check out some of the key dates and figures in the table below:
| Flynn Gold IPO key numbers | |
|---|---|
| Offer price | $0.20 |
| Dividend yield | 0% |
| Total number of shares available under the offer | 35 million – 50 million |
| Proposed ASX code | ASX: FG1 |
| Target market cap | $15.8 million – $19.0 million |
| Retail offer opens | 7 April 2021 |
| Retail offer closes | 23 April 2021 |
| Expected listing on ASX | 10 May 2021 |
| Expected dispatch of holding statements | 4 May 2021 |
According to latest information available, retail investors (regular investors) have between 7 April 2021 and 23 April 2021 to participate in the Flynn 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.
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?
Ask an Expert
