What we know so far
|Expected raise:||$5,000,000 - $8,000,000|
Exploration company with a focus on the exploration and development of key battery minerals, including nickel, lithium and cobalt. Innogy Limited 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 13 April 2023. In this case, the Innogy Limited IPO is being lead managed by Canaccord Genuity (Australia) 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 Innogy Limited once it goes public. You can do that through a share trading platform:
Innogy Limited lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol IOG.
Canaccord Genuity (Australia) Limited were appointed as lead managers with an expected raise of $5,000,000 - $8,000,000 at $0.20 per share. You can check out some of the key dates and figures in the table below:
|Innogy Limited IPO key numbers|
|Total number of shares available under the offer||25,000,000 - 40,000,000|
|Proposed ASX code||ASX: IOG|
|Target market cap||$9,280,000 - $12,280,000|
|Retail offer opens||23 March 2023|
|Retail offer closes||13 April 2023|
|Expected listing on ASX||Withdrawn|
|Expected dispatch of holding statements||23 May 2023|
According to latest information available, retail investors (regular investors) have between 23 March 2023 and 13 April 2023 to participate in the Innogy Limited IPO. After the retail offer close date, you'll need to wait until the stock is publicly available on the ASX to buy shares.
Looking to jump on the AI bandwagon? Here's how you can invest in ChatGPT and its parent company OpenAI from Australia.
Looking for the best performing stocks in Australia? We update this list weekly.
If you’re looking for ways to gain exposure to Bitcoin and other digital currencies, cryptocurrency ETFs could be worth exploring. Find out what crypto ETFs are and how they work in this introductory guide.
Steps to owning and managing Gol Linhas Aéreas Inteligentes SA shares from Australia.
Steps to owning and managing Microsoft shares from in Australia.
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.