What we know so far
Offer price: | $0.20 |
Proposed code: | GGR |
Expected raise: | $4,000,000 – $6,000,000 |
Expected listing: | Withdrawn |
Mining and exploration company Golden Globe Resources is set to list on the Australian Securities Exchange (ASX). This means you'll soon be able to buy company shares through a broker.
Golden Globe Resources targeted a raise of $4,000,000 – $6,000,000 at $0.20 a share in its initial public offering (IPO). While the dates and prices may change, the company is pegged to begin trading publicly on the ASX on Withdrawn.
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 9 October 2023. In this case, the Golden Globe Resources IPO is being lead managed by K S Capital Pty Limited.
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 Golden Globe Resources once it goes public. You can do that through a share trading platform:
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Golden Globe Resources lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol GGR.
K S Capital Pty Limited were appointed as lead managers with an expected raise of $4,000,000 – $6,000,000 at $0.20 per share. You can check out some of the key dates and figures in the table below:
Golden Globe Resources IPO key numbers | |
---|---|
Offer price | $0.20 |
Dividend yield | 0% |
Total number of shares available under the offer | 20,000,000 – 30,000,000 |
Proposed ASX code | ASX: GGR |
Target market cap | $39,852,744 – $41,852,744 |
Retail offer opens | 18 September 2023 |
Retail offer closes | 9 October 2023 |
Expected listing on ASX | Withdrawn |
Expected dispatch of holding statements | 16 October 2023 |
According to latest information available, retail investors (regular investors) have between 18 September 2023 and 9 October 2023 to participate in the Golden Globe 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.
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