What we know so far
| Offer price: | $0.20 |
| Proposed code: | AMG |
| Expected raise: | 12,500,000 – $15,000,000 |
| Expected listing: | Withdrawn |
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Mining and exploration company Ashby Mining 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.Where to invest in the Ashby Mining IPO
You can invest in pre-IPO stock through a participating broker or lead manager before the offer closes on 14 April 2023. In this case, the Ashby Mining IPO is being lead managed by CLSA Australia 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 Ashby Mining once it goes public. You can do that through a share trading platform:
How to buy shares when Ashby Mining lists
- 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.
- 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.
- Search for Ashby Mining. Find the share by name or ticker symbol: AMG. You can also search for any other shares traded publicly on exchanges available within your chosen platform.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Ashby Mining reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- 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.
- Check in on your investment. Congratulations, you own a part of Ashby Mining. 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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What we know about the Ashby Mining IPO
Ashby Mining lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol AMG.
CLSA Australia Pty Ltd were appointed as lead managers with an expected raise of 12,500,000 – $15,000,000 at $0.20 per share. You can check out some of the key dates and figures in the table below:
| Ashby Mining IPO key numbers | |
|---|---|
| Offer price | $0.20 |
| Dividend yield | 0% |
| Total number of shares available under the offer | 62,500,000 – 75,000,000 |
| Proposed ASX code | ASX: AMG |
| Target market cap | $68.38 million – $70.91 million |
| Retail offer opens | 30 March 2023 |
| Retail offer closes | 14 April 2023 |
| Expected listing on ASX | Withdrawn |
| Expected dispatch of holding statements | 24 April 2023 |
According to latest information available, retail investors (regular investors) have between 30 March 2023 and 14 April 2023 to participate in the Ashby Mining IPO. After the retail offer close date, you'll need to wait until the stock is publicly available on the ASX to buy shares.
Where to buy Ashby Mining shares
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.
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Balance sheet
In FY22, the company generated 103,683 of revenue. Estimated net profit (NPAT) in FY22 was -20,694,145, and -4,643,736 in the prior year.Company history
Ashby Mining launched in 2014 by Michele Ashby and is headquartered in Australia.
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 and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.
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