What we know so far
Offer price: | $0.20 |
Proposed code: | FNR |
Expected raise: | $4,000,000 – $6,000,000 |
Expected listing: | 12 April 2024 |
Far Northern Resources shares are now publicly available to purchase on the Australian Securities Exchange (ASX). Here's what we know about the IPO and how you can buy in.
Far Northern Resources has listed on the ASX, so you can now buy shares over the stock market. To do that, you'll need to be signed up to a broker. Your cheapest option is to sign up to an online broker. Check out the steps below:
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Far Northern Resources lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol FNR.
CPS Capital Group Pty Ltd were appointed as lead managers with an expected raise of $4,000,000 – $6,000,000 at $0.20 per share. You can check out some of the key dates and figures in the table below:
Far Northern Resources IPO key numbers | |
---|---|
Offer price | $0.20 |
Dividend yield | 0% |
Total number of shares available under the offer | 20,000,000 – 30,000,000 |
Proposed ASX code | ASX: FNR |
Target market cap | $14,027,227 – $16,027,227 |
Retail offer opens | 2 August 2023 |
Retail offer closes | 8 September 2023 |
Expected listing on ASX | 12 April 2024 |
Expected dispatch of holding statements | 18 September 2023 |
According to latest information available, retail investors (regular investors) have between 2 August 2023 and 8 September 2023 to participate in the Far Northern Resources IPO. After the retail offer close date, you'll need to wait until the stock is publicly available on the ASX to buy shares.
In 2022, the company generated $0 of revenue. Estimated net loss in 2022 was $91,719, and $286,776 in the prior year.
Far Northern Resources launched in 2017 and is head quartered in Fortitude Valley, Queensland
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