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. As of July 2021, Superhero offers both US and Australian shares and ETFs.

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.

Company performance

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.

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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.

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.
Name Product Standard brokerage fee Inactivity fee Markets
IG Share Trading
AUD $8 or 0.1%
$50 per quarter if you make fewer than three trades in that period
ASX shares, Global shares
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, plus get access to 24-hour customer support.
Superhero share trading
AUD $5
ASX shares, US shares
Australia’s lowest-cost broker for ASX shares and ETFs.
Pay zero brokerage on US stocks and all ETFs and just $5 (flat fee) to trade Australian shares from your mobile or desktop.
ThinkMarkets Share Trading
AUD $8
ASX shares
Limited-time offer: Get 10 free ASX trades ($0 brokerage) when you open a share trading account with ThinkMarkets before 31 December 2021(T&Cs apply). $8 flat fee brokerage for CHESS Sponsored ASX stocks (HIN ownership), plus free live stock price data on an easy to use mobile app.
Bell Direct Share Trading
AUD $15
ASX shares, mFunds, ETFs
Finder Exclusive: Get 5 free stock trades and unlimited ETF trades until 31 Dec 2021, when you join Bell Direct. T&Cs apply.
Bell Direct offers a one-second placement guarantee on market-to-limit ASX orders or your trade is free, plus enjoy extensive free research reports from top financial experts.
SelfWealth (Basic account)
AUD $9.5
ASX shares, US shares
Trade ASX and US shares for a flat fee of $9.50, regardless of the trade size.
New customers receive free access to Community Insights with SelfWealth Premium for the first 90 days. Follow other investors and benchmark your portfolio performance.
Saxo Capital Markets (Classic account)
AUD $5
ASX shares, Global shares, Forex, CFDs, Margin trading, Options trading, ETFs
Access 19,000+ stocks on 40+ exchanges worldwide
Low fees for Australian and global share trading, no inactivity fees, low currency conversion fee and optimised for mobile.
CMC Markets Invest
AUD $11 or 0.1%
ASX shares, Global shares, mFunds, ETFs
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 9,000 products, including shares, ETFs and managed funds, plus access up to 15 major global and Australian stock exchanges.
HSBC Online Share Trading
AUD $19.95
ASX shares, mFunds, ETFs, Bonds
Limited time offer: Get up to $100 in brokerage rebates on your first 5 trades when you sign up to a HSBC Online Share Trading account (T&Cs apply). Make trades online with brokerage fees starting from just $19.95 with an HSBC Online Share Trading account. Plus gain access to complimentary expert research, trading ideas and tools.

Compare up to 4 providers

How do I buy shares?

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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