RECENT ASX INITIAL PUBLIC OFFERINGS & PLACEMENTS OFFERED TO MINC TRADING CLIENTS
| Date |
Name |
IPO / Placement |
Website |
Prospectus Link |
| 10/03/10 |
Clancy Exploration (CLY) |
Placement |
|
|
| 25/11/09 |
Victorian Gold Mines (VGR) |
IPO |
www.victoriangoldmines.com.au |
Prospectus |
| 17/11/09 |
Rubianna Resources (RRE) |
IPO |
www.rubianna.com.au |
Prospectus |
| 13/10/09 |
Marmota Energy (MEU) |
Placement |
|
|
| 12/10/09 |
Clean Seas Tuna (CSS) |
Placement |
|
|
| 10/9/09 |
Sigma Pharmaceuticals (SIP) |
Placement |
|
|
WHAT IS AN ASX INITIAL PUBLIC OFFERING (IPO)?
The first sale of stock by a private company to the public. ASX Initial Public Offerings (IPO's) are often issued by smaller, younger companies seeking the capital to expand, but can also be done by large privately owned companies looking to become publicly traded.
Often in an ASX Initial Public Offerings (IPO's), the issuer obtains the assistance of an underwriting firm, which helps it determine what type of security to issue (common or preferred), the best offering price and the time to bring it to market.
WHAT IS AN ASX SHARE PLACEMENT?
Companies these days quite frequently sell additional shares to raise money through 'ASX Share Placements'. These are offered only to institutions and sophisticated investors. Companies may invite existing retail shareholders to top up their holdings, but only up to $15,000.
WHY DO COMPANIES CONDUCT AN ASX IINITIAL PUBLIC OFFERING (IPO's) AND ASX SHARE PLACEMENTS?
- Bolster and diversify equity base
- Enable cheaper access to capital
- to take over a new business or to significantly expand the company's activities
- Exposure and prestige
- Attract and retain the best management and employees
- Facilitate acquisitions
- Create multiple financing opportunities: equity, convertible debt, cheaper bank loans, etc.
BROKERAGE CHARGES WHEN PARTICIPATING IN AN ASX INITIAL PUBLIC OFFERING (IPO) OR ASX SHARE PLACEMENT?
To purchase stock through an ASX Initial Public Offering (IPO) or ASX Share Placement, investors & traders do not incur a brokerage charge or any other associated costs. Your stockbroker may receive a fee for introducing clients to the ASX Initial Public Offering (IPO) OR ASX Share Placement, but this is paid by the issuing company, not the investor or trader. Your stockbroker will charge a fee when you sell out of your ASX Initial Public Offering (IPO) or ASX Share Placement stock.
MINC TRADING ASX INITIAL PUBLIC OFFERING (IPO) AND PLACEMENT CHARGES
| Conditions |
Rate |
Rate Explanation |
| If client pre brokerage profits are < 10% |
Standard Rate |
$85 or 1.00%, whichever is greater. |
| If client pre brokerage profits are > 10% |
Bonus Rate |
$85 or 1.00%, whichever is greater, plus 10% of profits |