What we know so far
|Expected listing:||19 November 2020|
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Harmoney shares are now publicly available to purchase on the Australian Securities Exchange (ASX). Here's what we know about the IPO and how you can buy in.
To invest in an IPO, you'll need to be registered with a participating broker. This can be tricky for retail investors because there're usually only a few firms allocated for each IPO and they're typically full-service stockbrokers.
In this case, the lead managers are Ord Minnett and Jarden, however it always pays to check with your broker whether it's possible to access IPO stock, regardless of whether they're a lead manager or participating broker.
Your other option is to buy shares in Harmoney once it goes public. To do that, you'll need to be signed up to a share trading platform:
Harmoney lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the Australian Securities Exchange (ASX) under the ticker symbol HMY.
Jarden and Ord Minnett were appointed as lead managers with an expected raise of $92,500,000 at $3.50 per share. You can check out some of the key dates and figures in the table below:
|Harmoney IPO key numbers|
|Total number of shares available under the offer||26.4 million|
|Proposed ASX code||ASX: HMY|
|Target market cap||$353.2 million|
|Retail offer opens||10 November 2020|
|Retail offer closes||16 November 2020|
|Expected listing on ASX||19 November 2020|
|Expected dispatch of holding statements||18 November 2020|
According to latest information available, retail investors (regular investors) have between 10 November 2020 and 16 November 2020 to participate in the Harmoney IPO. After the retail offer close date, you'll need to wait until the stock is publicly available on the Australian Securities Exchange (ASX) to buy shares.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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