What we know so far
Offer price: | $0.20 |
Proposed code: | MVM |
Expected raise: | $5,000,000 |
Expected listing: | Withdrawn |
Mineral exploration company Maverick Minerals is set to list on the Australian Securities Exchange (ASX). This means you'll soon be able to buy company shares through a broker.
Maverick Minerals targeted a raise of $5,000,000 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 While the dates and prices may change, the company is pegged to begin trading publicly on the ASX on Withdrawn.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 February 2024.
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 Maverick Minerals once it goes public. You can do that through a share trading platform:
Our top pick for
Best for beginner
Our top pick for
Education & learning
Our top pick for
Australian stocks
Maverick Minerals lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol MVM.
- were appointed as lead managers with an expected raise of $5,000,000 at $0.20 per share. You can check out some of the key dates and figures in the table below:
Maverick Minerals IPO key numbers | |
---|---|
Offer price | $0.20 |
Dividend yield | 0% |
Total number of shares available under the offer | 25,000,000 |
Proposed ASX code | ASX: MVM |
Target market cap | $8,600,000 |
Retail offer opens | 24 January 2024 |
Retail offer closes | 9 February 2024 |
Expected listing on ASX | Withdrawn |
Expected dispatch of holding statements | 1 March 2024 |
According to latest information available, retail investors (regular investors) have between 24 January 2024 and 9 February 2024 to participate in the Maverick 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.
Maverick Minerals was founded in 2023 and is in an early growth stage of development.
Maverick Minerals launched in 2023 and is headquartered in Subiaco, Western Australia
Explore Spaceship's US Investing service: low entry cost with a focus, but limited trading options.
Explore our comprehensive review of HALO Trading's features and fees for Australian traders.
We used a proprietary algorithm to find the a list of ASX penny stocks that should be on your watchlist in 2024.
Looking for the best performing stocks in Australia? We update this list weekly.
We discuss the pros, cons, fees, features and other information about the online trading platform Marketech.
Here's all the key information you need to know to sell shares you inherited or received as a gift.
Steps to owning and managing Gol Linhas Aéreas Inteligentes SA shares from Australia.
GO Markets offers a comprehensive package to both share investors and experienced CFD traders.
$1,000 is a great place to start investing – these are your options.
The Finder review of the Bank of Melbourne directshares Online Broking platform.