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How to invest in the Youfoodz IPO

Here's everything we know so far about the Youfoodz IPO.

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What we know so far

Offer price: $1.50
Proposed code: YFZ
Expected raise: $70 million
Expected listing: 8 December 2020

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Youfoodz is expected to list soon on the Australian Securities Exchange (ASX), which means that you'll have the option of buying shares. Here's what we know about the initial public offering, including how to invest before it lists and how to buy in when it launches.

Youfoodz is looking to raise $70 million at $1.50 a share. Although the dates and prices may change, at this stage the company is expected to list on the Australian Securities Exchange on 8 December 2020.

How to invest in the Youfoodz IPO

To invest in an IPO, you'll usually need to be registered with a participating broker or lead manager. This can be tricky for retail investors because there are usually only a few firms allocated for each IPO and they're typically full-service stockbrokers. In this case, the IPO is being lead managed by Bell Potter Securities and Morgans.

If you're already registered with a broker, it always pays to check if they're offering IPO stock, as lead managers sometimes allocate a portion of shares on to other firms. Your other option is to buy shares in Youfoodz once it goes public. To do that, you'll need to be signed up to a share trading platform:

How to buy shares when Youfoodz 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 Youfoodz. Find the share by name or ticker symbol: YFZ. 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 Youfoodz 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 Youfoodz. 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 Youfoodz IPO

Youfoodz has lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the Australian Securities Exchange under the ticker symbol YFZ.

Bell Potter Securities and Morgans have been appointed as lead managers and the offer is expected to raise $70 million at a price of $1.50 per share. You can check out some of the key dates and figures in the table below:


Youfoodz IPO key numbers
Offer price $1.50
Dividend yield 0%
Total number of shares available under the offer 46.9 million
Proposed ASX code ASX: YFZ
Target market cap $201.9 million
Retail offer opens November 9 2020
Retail offer closes November 24 2020
Expected listing on ASX 8 December 2020
Expected dispatch of holding statements December 1 2020
Source: Youfoodz prospectus

According to latest information available, retail investors (regular investors) have between November 9 2020 and November 24 2020 to participate in the Youfoodz IPO. After the retail offer close date, you'll need to wait until the stock is publicly available on the Australian Securities Exchange to buy shares.

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.
Data indicated here is updated regularly
Name Product Standard brokerage fee Inactivity fee Markets
IG Share Trading
Finder Award
IG Share Trading
AUD 8 or 0.1%
AUD 50 per quarter if you make fewer than three trades in that period
ASX shares, Global shares, Forex, CFDs, Margin trading
$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, forex and CFDs, plus get access to 24-hour customer support.
Bell Direct Share Trading
AUD 15 or 0.1%
No
ASX shares, mFunds
Invest in Australian shares, options and managed funds from the one account with no inactivity fee.
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.
CMC Markets Stockbroking
AUD 11 or 0.1%
No
ASX shares, Global shares, Forex, CFDs, Margin trading, Options trading, mFunds
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 9,000 products, including shares, managed funds, forex, commodities and cryptocurrencies, plus access up to 15 major global and Australian stock exchanges.
ANZ Share Investing
AUD 19.95
No
ASX shares, Global shares, Options trading, mFunds, ETFs, Warrants
Earn 1 Qantas Point per AU$3 spent on brokerage fees on certain instruments.
Access Morningstar reports, company announcements and and live pricing via ANZ’s share investing platform. Available for desktop and mobile.
Westpac Online Investing Account
AUD 19.95 or 0.11%
AUD 63.50 per year on the global markets account
ASX shares, Global shares, Options trading, US shares
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