What we know so far
Offer price: | $0.20 |
Proposed code: | D3E |
Expected raise: | $10,000,000 |
Expected listing: | 13 May 2024 |
Oil and gas exploration company D3 Energy is set to list on the Australian Securities Exchange (ASX). This means you'll soon be able to buy company shares through a broker.
D3 Energy targeted a raise of $10,000,000 at $0.20 a share in its initial public offering (IPO). While the dates and prices may change, the company is pegged to begin trading publicly on the ASX on 13 May 2024.
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 10 April 2024. In this case, the D3 Energy IPO is being lead managed by Peloton Capital Pty Ltd & Originate Capital 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 D3 Energy once it goes public. You can do that through a share trading platform:
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D3 Energy lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol D3E.
Peloton Capital Pty Ltd & Originate Capital Pty Ltd were appointed as lead managers with an expected raise of $10,000,000 at $0.20 per share. You can check out some of the key dates and figures in the table below:
D3 Energy IPO key numbers | |
---|---|
Offer price | $0.20 |
Dividend yield | 0% |
Total number of shares available under the offer | 50,000,000 |
Proposed ASX code | ASX: D3E |
Target market cap | - |
Retail offer opens | 13 March 2024 |
Retail offer closes | 10 April 2024 |
Expected listing on ASX | 13 May 2024 |
Expected dispatch of holding statements | 18 April 2024 |
According to latest information available, retail investors (regular investors) have between 13 March 2024 and 10 April 2024 to participate in the D3 Energy IPO. After the retail offer close date, you'll need to wait until the stock is publicly available on the ASX to buy shares.
D3 Energy launched in 2021 and is head quartered in Sydney, New South Wales
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