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Investment opportunities Capital Raisings

Investing in IPOs

Companies may choose to raise capital through the issue of new shares or debt.  To raise capital, companies can access a large pool of investors and obtain funding for activities including expansion of business operations, acquisitions or to improve balance sheet strength.

If a company is looking to raise equity capital they may consider an Initial Public Offering (IPO). An IPO is undertaken when a company raises capital prior to listing on the Australian Securities Exchange (ASX).

 

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Listen to the Your Wealth podcast episode on IPOs and Capital Raisings.

Three ways to invest in IPOs with nabtrade

Broker allocation

Through the broker allocation process clients express their interest for a particular offer. This is followed by a formal application when an offer is opened, however priority is given to clients who expressed interest. Clients who are successful are then given an allocation and can trade the new securities once they list on the ASX.

ASX BookBuild

ASX BookBuild is a tool that gives you access to capital raisings using the existing ASX systems and infrastructure to facilitate client bids. There is no expression of interest process - clients bid directly to the Lead Manager via nabtrade. All allocations are managed by the Lead Manager.

Reinvestment offers

Reinvestment offers, which form part of a Broker allocation, give eligible security holders the option to reinvest. This is a market first in online broking.

Current offers

There are currently no investment opportunities available

Past offers

Details of previous offers available to nabtrade clients can be found below, including an investment snapshot and indication of price change since issue.

Viva Energy Limited

VEA:ASX Issue price: $2.50

Offer size: $1.25 billion

Viva Energy is one of Australia’s leading integrated downstream petroleum companies. Over the past three years, Viva Energy has supplied over 14 billion litres of petroleum products annually, representing approximately a quarter of Australia’s fuel needs.

InvestSMART Australian Equity Income Fund

INIF:ASX Issue price: $2.50

Offer size: $1.25 billion

The Fund is a registered managed investment scheme. The Fund primarily invests in the securities of companies listed on the Australian Securities Exchange. The Fund’s portfolio will comprise 10 to 35 shares at any one time but will also have some exposure to cash. The maximum exposure to any one share will be 15%.

WAM Global

WGB:ASX Issue price: $2.20

Offer size: $1.69 billion

The Company aims to provide Shareholders with risk-adjusted returns derived from a portfolio of undervalued international growth companies using Wilson Asset Management’s proven research-driven and market-driven investment processes.

Macquarie Capital Notes 3

MQGPC:ASX Issue price: $100

Offer size: $54.9 million

Capital Notes are fully paid, unsecured, non-cumulative, perpetual, convertible notes. They will pay, subject to the issue terms and Macquarie's discretion, preferred floating rate quarterly distributions.

View more past offers