What we know so far
| Offer price: | $0.20 |
| Proposed code: | WER |
| Expected raise: | $5,000,000 |
| Expected listing: | Withdrawn |
Finder makes money from featured partners, but editorial opinions are our own.
A company incorporated to evaluate and secure investment possibilities in the resources industry and uncover economically significant mineral reserves Western Australia Energy Resources 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 Western Australia Energy Resources IPO
You can invest in pre-IPO stock through a participating broker or lead manager before the offer closes on 22 March 2023. In this case, the Western Australia Energy Resources IPO is being lead managed by Alto Capital.
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 Western Australia Energy Resources once it goes public. You can do that through a share trading platform:
How to buy shares when Western Australia Energy Resources 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 Western Australia Energy Resources. Find the share by name or ticker symbol: WER. 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 Western Australia Energy Resources 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 Western Australia Energy Resources. 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.
Our top pick for
AU stocks
Finder Award
Our top pick for
Copy trading
Our top pick for
Mobile app
Finder Award
What we know about the Western Australia Energy Resources IPO
Western Australia Energy Resources lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol WER.
Alto Capital were appointed as lead managers with an expected raise of $5,000,000 at $0.20 per share. You can check out some of the key dates and figures in the table below:
| Western Australia Energy Resources IPO key numbers | |
|---|---|
| Offer price | $0.20 |
| Dividend yield | 0% |
| Total number of shares available under the offer | 25,000,000 |
| Proposed ASX code | ASX: WER |
| Target market cap | $19,200,000 |
| Retail offer opens | 22 February 2023 |
| Retail offer closes | 22 March 2023 |
| Expected listing on ASX | Withdrawn |
| Expected dispatch of holding statements | 5 April 2023 |
According to latest information available, retail investors (regular investors) have between 22 February 2023 and 22 March 2023 to participate in the Western Australia Energy 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.
Where to buy Western Australia Energy Resources 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.
1 - 4 of 31
Balance sheet
In -, the company generated - of revenue. Estimated net profit (NPAT) in - was -, and - in the prior year.Company history
Western Australia Energy Resources launched in 2022 by - and is headquartered in Newcastle Street, Perth WA 6000.
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.
More resources on Finder
More guides on Finder
-
What is a joint share trading account?
Considering opening a joint share trading account with your partner? Here is what you need to know
-
Best performing stocks on the ASX in 2024 (Updated weekly)
Looking for the best performing stocks in Australia? We update this list weekly.
-
CommSec Pocket vs Raiz Invest
CommSec Pocket and Raiz Invest both micro-invest into the stock market, so what are the differences and why should you pick one over the other?
-
Stake review: A trading platform for AU and US stocks
Stake is a trading platform for Australians who want value for money when trading. Gain access to the cheapest CHESS-sponsored brokerage in Australia and $3 brokerage in the US.
-
How to invest in silver in Australia
Here's a guide to your different investment options, the benefits of investing in silver and the possible risks.
-
How to invest in gas in Australia
Learn how to invest in natural gas, and about gas's historical performance as an investment. Find out all the need-to-knows with our extensive guide.
-
Selfwealth review: Cheap, fixed-fee share trading
SelfWealth online share trading provides easy access to the Australian share market with a flat brokerage fee per trade, no matter the size.
-
The cheapest stock brokers in Australia (Oct 2024)
Find cheap stock brokerage in Australia when buying and selling shares on the ASX and other international exchanges.
-
How to open a share trading account
If you're looking to start your investment journey, here's how to open a share trading account.
-
What is a managed fund?
What are managed funds? Read our guide and learn the different types of managed funds available.
Ask a question