What we know so far
Offer price: | $0.20 |
Proposed code: | CWL |
Expected raise: | $6,000,000 – $8,000,000 |
Expected listing: | Withdrawn |
Research, consulting, and software services company Consolidated Financial Holdings is set to list on the Australian Securities Exchange (ASX). This means you'll soon be able to buy company shares through a broker.
Consolidated Financial Holdings targeted a raise of $6,000,000 – $8,000,000 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 While the dates and prices may change, the company is pegged to begin trading publicly on the ASX on Withdrawn.
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 6 March 2023. In this case, the Consolidated Financial Holdings IPO is being lead managed by Baker Young 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 Consolidated Financial Holdings once it goes public. You can do that through a share trading platform:
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Consolidated Financial Holdings lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol CWL.
Baker Young Limited were appointed as lead managers with an expected raise of $6,000,000 – $8,000,000 at $0.20 per share. You can check out some of the key dates and figures in the table below:
Consolidated Financial Holdings IPO key numbers | |
---|---|
Offer price | $0.20 |
Dividend yield | 0% |
Total number of shares available under the offer | 30,000,000 40,000,000 |
Proposed ASX code | ASX: CWL |
Target market cap | $14,500,079 - $16,500,079 |
Retail offer opens | 10 February 2023 |
Retail offer closes | 6 March 2023 |
Expected listing on ASX | Withdrawn |
Expected dispatch of holding statements | 13 March 2023 |
According to latest information available, retail investors (regular investors) have between 10 February 2023 and 6 March 2023 to participate in the Consolidated Financial Holdings 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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