How to buy shares in Superhero
Superhero could be set to go public this year. Here's what to do when it does.
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Australian share trading platform Superhero is not publicly listed, which means that you can't currently buy shares in the company. However there are reports that Superhero is looking to list on the Australian Securities Exchange (ASX) in 2021.
Superhero's platform officially launched in September 2020 in Australia with $5 brokerage for ASX stocks and minimum trades of $100. In December, Superhero announced it was adding two superannuation funds to its offering which would give users greater control over their investments than regular super funds.
According to unnamed sources cited on Australian Financial Review, Superhero is aiming to raise up to $25 million in a pre-IPO raising. Finder is not able to confirm this. We'll update this page with information as it becomes available.
What we know about the Superhero IPO
Superhero has not yet filed a prospectus with the Australian Securities Investment Commission (ASIC). If and when that happens, we'll find out the company's IPO offer price, target market capitalisation and any growth plans.
No date has been named for when the stock might be publicly, but AFR sources say it could seek to go public within the next 12 months. Stockbroker Shaw and Partners is reportedly assisting with the pre-IPO raising.
Superhero is still relatively new to the market so there's limited information available on company profits and history.
According to a pitch deck recently shared with investors, Superhero has recorded over 35,000 sign ups since it launched, with an average revenue increase of nearly 50% per month.
What are Superhero's future plans
There appears to be a couple of major product updates in the works for Superhero. Last year it announced the upcoming launch of a superannuation product with two fund investment options - Autopilot and Control.
This will mark a pretty unique addition to Australia's market, with both options set to give users the ability to build their own portfolios through stock or ETF selection.
Superhero has also indicated it plans to offer zero brokerage US stocks alongside its ASX and Super fund offerings, although there's no word yet on a release date.
How to buy shares in Superhero
Superhero is not listed on the ASX, so it's not yet possible to buy publicly listed shares. If Superhero does go public, you may be able to apply to buy pre-IPO shares with the lead manager or through your own broker if they have an agreement with the lead managers.
Once a company lists on the stock exchange, you'll can buy shares through an online share trading platform. Check out the steps below:
- Compare share trading platforms. To buy shares in an Australian company, you'll need to sign up to a platform with ASX market access. If you're a beginner, look for a platform with low commissions and investment tools to track your portfolio. Narrow down top brands with our comparison table below.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
- Search for MyDeal. Find the stock by name or ticker symbol: MYD. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until MyDeal stock reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of MyDeal, depending on your broker.
- Check in on your investment. Congratulations, you own a part of MyDeal. 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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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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