What we know so far
Offer price: | $0.20 |
Proposed code: | NTH |
Expected raise: | $11,500,000 - $25,000,000 |
Expected listing: | Withdrawn |
Integrated energy company Northstar 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. 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 17 February 2023. In this case, the Northstar Energy IPO is being lead managed by Bell Potter Securities 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 Northstar Energy once it goes public. You can do that through a share trading platform:
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Northstar Energy lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol NTH.
Bell Potter Securities Limited were appointed as lead managers with an expected raise of $11,500,000 - $25,000,000 at $0.20 per share. You can check out some of the key dates and figures in the table below:
Northstar Energy IPO key numbers | |
---|---|
Offer price | $0.20 |
Dividend yield | 0% |
Total number of shares available under the offer | 57,500,000 - 125,000,000 |
Proposed ASX code | ASX: NTH |
Target market cap | - |
Retail offer opens | 31 January 2023 |
Retail offer closes | 17 February 2023 |
Expected listing on ASX | Withdrawn |
Expected dispatch of holding statements | 28 February 2023 |
According to latest information available, retail investors (regular investors) have between 31 January 2023 and 17 February 2023 to participate in the Northstar 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.
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