What we know so far
|Expected raise:||$20,000,000 – $25,000,000|
World-leading thermal plasma technology specialist company Synergen Met is set to list soon on the Australian Securities Exchange (ASX), which means that you'll be able to buy company shares. 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 25 May 2022. In this case, the Synergen Met IPO is being lead managed by Lodge Corporate Pty Ltd.
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 Synergen Met once it goes public. You can do that through a share trading platform:
Synergen Met lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol SH2.
Lodge Corporate Pty Ltd were appointed as lead managers with an expected raise of $20,000,000 – $25,000,000 at $0.20 per share. You can check out some of the key dates and figures in the table below:
|Synergen Met IPO key numbers|
|Total number of shares available under the offer||100,000,000 - 125,000,000|
|Proposed ASX code||ASX: SH2|
|Target market cap||$120,518,448 – $125,518,448|
|Retail offer opens||29 April 2022|
|Retail offer closes||25 May 2022|
|Expected listing on ASX||TBA|
|Expected dispatch of holding statements||7 June 2022|
According to latest information available, retail investors (regular investors) have between 29 April 2022 and 25 May 2022 to participate in the Synergen Met 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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