How to buy Prospech shares | Finder
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How to buy Prospech shares

PROSPECH is now trading publicly on the ASX, here’s what you need to know if you’re looking to buy shares.

What we know so far

Offer price: $0.20
Proposed code: PRS
Expected raise: $5.0 million
Expected listing: 1 December 2020
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Prospech 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 Prospech IPO

Prospech 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 Prospech 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 Prospech. Find the share by name or ticker symbol: PRS. 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 Prospech 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 Prospech. 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 Prospech IPO

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

Peloton Capital were appointed as lead managers with an expected raise of $5.0 million at $0.20 per share. You can check out some of the key dates and figures in the table below:


Prospech 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: PRS
Target market cap $17.7 million
Retail offer opens 26 October 2020
Retail offer closes 20 November 2020
Expected listing on ASX 1 December 2020
Expected dispatch of holding statements 26 November 2020
Source: Prospech prospectus

According to latest information available, retail investors (regular investors) have between 26 October 2020 and 20 November 2020 to participate in the Prospech 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.
Data updated regularly
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CMC Markets Stockbroking
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ANZ Share Investing
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AUD 19.95
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Earn 1 Qantas Point per AU$3 spent on brokerage fees on certain instruments.
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Westpac Online Investing Account
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Balance sheet

In FY20, the company generated of revenue. Estimated net profit (NPAT) in FY20 was -$160,052, and -$472,737 in the prior year.

Company history

Prospech launched in 2014 by Jason Michael Beckton and is headquartered in Sydney, Australia.

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