What we know so far
| Offer price: | $0.25 |
| Proposed code: | ILA |
| Expected raise: | $7,500,000 |
| Expected listing: | 13 April 2021 |
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Island Pharmaceuticals 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.
How to invest in the Island Pharmaceuticals IPO
Island Pharmaceuticals has listed on the ASX, so you can now buy shares over the stock market. To do that, you'll need to be signed up to a broker. Your cheapest option is to sign up to an online broker. Check out the steps below:
How to buy shares when Island Pharmaceuticals 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 Island Pharmaceuticals. Find the share by name or ticker symbol: ILA. 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 Island Pharmaceuticals 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 Island Pharmaceuticals. 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.
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What we know about the Island Pharmaceuticals IPO
Island Pharmaceuticals lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol ILA.
PAC Partners Securities Pty Ltd were appointed as lead managers with an expected raise of $7,500,000 at $0.25 per share. You can check out some of the key dates and figures in the table below:
| Island Pharmaceuticals IPO key numbers | |
|---|---|
| Offer price | $0.25 |
| Dividend yield | 0% |
| Total number of shares available under the offer | 30,000,000 |
| Proposed ASX code | ASX: ILA |
| Target market cap | $20,242,116.38 |
| Retail offer opens | 8 March 2021 |
| Retail offer closes | 29 March 2021 |
| Expected listing on ASX | 13 April 2021 |
| Expected dispatch of holding statements | 6 April 2021 |
According to latest information available, retail investors (regular investors) have between 8 March 2021 and 29 March 2021 to participate in the Island Pharmaceuticals 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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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.
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