How do I register my interest in buying shares in an Initial Public Offering (IPO) through ASB Securities?
Once an Initial Public Offering (IPO) is announced, there is usually a period where you will be able to register your interest.
Registering your interest doesn't mean you are making any commitment to invest, but it does put you on the list to receive the Offer Documents (typically a Prospectus and Investment Statement) when they are available to the public. These are the legal documents that may help you decide whether or not you want to invest. It's also worth noting at this stage ASB Securities isn't under an obligation to fill your application, as we won't yet know the level of interest in the Initial Public Offering (IPO), or the availability of shares.
Why do I need to state a level of interest in an Initial Public Offering (IPO) ?
When you register your interest it is useful for us to know how much you want to invest to get a better idea about demand for the shares. You are not obliged to purchase to the level of interest you have indicated, or in fact to buy any shares.
So if I change my mind at this stage and decide I don’t want shares, that’s ok?
Yes. There is no obligation to buy shares when you register your interest. But once you've completed the application form to participate in the offer and it's been lodged with the share registry, you're not able to withdraw.
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