How to invest in the Pentanet IPO

Internet services provider Pentanet 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.

Pentanet is looking to raise $22,460,000 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 5 February 2021.

How to invest in the Pentanet IPO

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. In this case, the IPO is being lead managed by Euroz Hartleys Securities Limited.

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

How to buy shares when Pentanet lists

1. 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.
2. 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.
3. Search for Pentanet. Find the share by name or ticker symbol: 5GG. You can also search for any other shares traded publicly on exchanges available within your chosen platform.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Pentanet reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. 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.
6. Check in on your investment. Congratulations, you own a part of Pentanet. 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.

What we know about the Pentanet IPO

Pentanet lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol 5GG.

Euroz Hartleys Securities Limited were appointed as lead managers with an expected raise of $22,460,000 at $0.25 per share. You can check out some of the key dates and figures in the table below:

Pentanet IPO key numbers
Offer price	$0.25
Dividend yield	0%
Total number of shares available under the offer	89,840,000
Proposed ASX code	ASX: 5GG
Target market cap	$66 million
Retail offer opens	18 December 2020
Retail offer closes	22 December 2020
Expected listing on ASX	5 February 2021
Expected dispatch of holding statements	12 January 2021

Source: Pentanet prospectus

According to latest information available, retail investors (regular investors) have between 18 December 2020 and 22 December 2020 to participate in the Pentanet IPO. After the retail offer close date, you'll need to wait until the stock is publicly available on the ASX to buy shares.

Compare share trading platforms

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.

Balance sheet

In FY20 , the Company generated $5,097,034 of revenue. Estimated net profit (NPAT) in FY20 was -$5,111,261, and -$2,185,234 in the prior year.

Company history

Pentanet launched in 2017 by Stephen Cornish and is headquartered in Perth, Australia.

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