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How to invest in the Juno Minerals IPO

Juno Minerals is set to go public, here's what you need to know if you're looking to buy in.

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What we know so far

Offer price: $0.25
Proposed code: JNO
Expected raise: $20,000,000
Expected listing: 11 March 2021

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Mining company Juno Minerals 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.

Juno Minerals is looking to raise $20,000,000 at $0.25 a share. Although the dates and prices may change, at this stage the company is expected to list on the ASX on 11 March 2021.

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.

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 Juno Minerals once it goes public. To do that, you'll need to be signed up to a share trading platform:

What we know about the Juno Minerals IPO

Juno Minerals lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol JNO.

You can check out some of the key dates and figures in the table below:

Juno Minerals IPO key numbers
Offer price $0.25
Dividend yield 0%
Number of IPO shares 80,000,000
Proposed ASX code ASX: JNO
Target market cap $30,200,000 - $50,200,000
Retail offer opens 1 February 2021
Retail offer closes 26 February 2021
Expected listing on ASX 11 March 2021
Expected dispatch of holding statements 10 March 2021
Source: Juno Minerals prospectus

According to latest information available, retail investors (regular investors) have between 1 February 2021 and 26 February 2021 to participate in the Juno Minerals 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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Balance sheet

Juno Minerals was incorporated in November 2020 and is in an early growth stage of development.

Company history

Juno Minerals launched in 2020 by — and is headquartered in Perth, Australia.

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