What we know so far
Offer price: | $0.20 |
Proposed code: | T1G |
Expected raise: | $4,650,000 – $8,000,000 |
Expected listing: | Withdrawn |
Australian-based and battery minerals projects company Tiger Tasman Minerals is set to list on the Australian Securities Exchange (ASX). This means you'll soon be able to buy company shares through a broker. 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 15 February 2023. In this case, the Tiger Tasman Minerals IPO is being lead managed by Novus Capital Limited.
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 Tiger Tasman Minerals once it goes public. You can do that through a share trading platform:
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Tiger Tasman Minerals lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol T1G.
Novus Capital Limited were appointed as lead managers with an expected raise of $4,650,000 – $8,000,000 at $0.20 per share. You can check out some of the key dates and figures in the table below:
Tiger Tasman Minerals IPO key numbers | |
---|---|
Offer price | $0.20 |
Dividend yield | 0% |
Total number of shares available under the offer | 23,250,000 – 40,000,000 |
Proposed ASX code | ASX: T1G |
Target market cap | $9,571,760 – $12,471,760 |
Retail offer opens | 19 September 2022 |
Retail offer closes | 15 February 2023 |
Expected listing on ASX | Withdrawn |
Expected dispatch of holding statements | 22 October 2022 |
According to latest information available, retail investors (regular investors) have between 19 September 2022 and 15 February 2023 to participate in the Tiger Tasman Minerals 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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