Mining and exploration company Augustus Minerals is listed on the Australian Securities Exchange (ASX). This means that you will soon be able to buy company shares through a broker.
Augustus Minerals was targeting a $10,000,000 initial public offering (IPO) at $0.20 per share. While dates and prices are subject to change, the Company is fully committed to beginning public trading on the ASX on May 17, 2023.
Here’s what we know about the initial public offering (IPO), including how to invest before it’s listed and how to buy in when it’s listed.
Where to Invest in Augustus Minerals IPO?
You can invest in premarket shares through a participating broker or underwriter before the offering closes on May 3, 2023. In this case the Augustus Minerals IPO will be administered by Morgans Corporate Limited.
If you’re already registered with a broker, see if they offer pre-listed stocks or consider signing up with a participating broker.
However, it can be difficult for ordinary investors to participate in IPOs as only a few companies are typically allotted shares before the IPO. In most cases, these are full-service brokers that require a large initial deposit.
Your other, simpler option is to buy Augustus Minerals stock as soon as it goes public. You can do this through a stock trading platform:
How to Buy Stocks When Augustus Minerals Lists
- Compare stock trading platforms. To buy shares in an Australian listed company, you need to sign up with a broker with access to the Australian Securities Exchange (ASX). Our table below will help you choose.
- Open and fund your brokerage account. Fill out an application with your personal and financial information such as your ID and tax number. Fund your account via bank transfer, PayPal or debit card.
- Search for Augustus minerals. Find the stock by name or ticker symbol: AUG. You can also search for other stocks that are publicly traded on exchanges available on your chosen platform.
- Buy now or later. Buy today with a market order or use a limit order to delay your purchase until Augustus Minerals hits your desired price. To spread your risk, look at the dollar cost average, which smooths out buying at consistent intervals and amounts.
- Decide how many you want to buy. At the price you’re buying the shares at, you’re balancing your budget against a diversified portfolio that can minimize exposure to market ups and downs.
- Check your investment. Congratulations, you own part of Augustus Minerals. Optimize your portfolio by tracking how your stock—and even the company—performs over the long term. You may be entitled to dividends and shareholder voting rights for directors and management, which may affect your shares.
Our top recommendation for
Best Demo Trading Account
Our top recommendation for
Australian stocks
finder price
Our top recommendation for
options trading
How we chose these brokers
For our top picks, we compared our finder partners in August 2022 using a proprietary algorithm. Keep in mind that our top picks may not always be the best for you. You are encouraged to compare for yourself to find one that works for you. Read our full methodology here to learn more.
What we know about the Augustus Minerals IPO
Augustus Minerals submitted its prospectus to the Australian Securities and Investments Commission (ASIC) to be listed on the ASX under the ticker symbol AUG.
Morgans Corporate Limited has been appointed Lead Manager with an expected raise of $10,000,000 at $0.20 per share. Some of the most important data and figures can be found in the following table:
| Augustus Minerals IPO Key Figures | |
|---|---|
| price offer | $0.20 |
| dividend yield | 0% |
| Total number of shares available in the offering | 50,000,000 |
| Proposed ASX code | ASX: Aug |
| target market cap | $27,225,000 |
| The retail offer opens | April 25, 2023 |
| Retail offer closes | May 3, 2023 |
| Expected listing on ASX | May 17, 2023 |
| Estimated dispatch of stock statements | May 11, 2023 |
Source: Augustus Minerals prospectus
According to the latest information available, retail investors (normal investors) have between April 25, 2023 and May 3, 2023 to participate in the Augustus Minerals IPO. After the retail offering close date, you must wait until the stock is publicly available on the ASX to purchase shares.
Compare stock trading platforms
The value of your investments can go down as well as up and you may get back less than you put in. Past performance is not a guide to future results.
balance sheet
In the second quarter of FY23, the company generated revenue of $75,059. Estimated Net Income (NPAT) in Q2FY23 was -$247,335 and -$407,653 last year.
company history
Augustus Minerals was incorporated in 2021 and is headquartered in Perth, Western Australia.
How do I buy shares?
Disclaimer: This information should not be construed as an endorsement of futures, stocks, ETFs, CFDs, options or any particular provider, service or offering. It should not be construed as investment advice or a recommendation of any kind. Trading futures, stocks, ETFs and options involves a significant risk of loss and is therefore not suitable for all investors. Trading CFDs and Forex with leverage comes with a higher risk of losing money quickly. Past performance is not a guide to future results. Consider your own circumstances and get your own advice before doing business.
Comments are closed.