My Rewards IPO: How to invest in fintech loyalty platform?

Highlights 

  • My Rewards International Limited (ASX:MRI) expects to go public on 17 December.
  • The company plans to raise AU$5m to AU$7m through its initial public offering.
  • My Rewards is an Australian rewards program provider which connects over 4.6 million members with over 4,500 brands.

Employee and customer reward program provider – My Rewards International Limited (ASX:MRI) is all set to mark its debut on the ASX under ticker name – MRI.

My Rewards plans to raise AU$5m to AU$7m through its initial public offering (IPO) at an offer price of AU$0.20 per share. Managed by Barclay Pearce Capital Pty Ltd, My Rewards expects to start trading on the ASX on 17 December.

My Rewards is an Australian rewards program provider that connects over 4.6 million members with over 4,500 brands and continuously expands into global markets.

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The company operates a multi-pronged business model, where it directly delivers the value and benefits to its Program Sponsors and Members along with the suppliers of products and services. In addition, it provides its customers access to various rewards, discounts, and special offers from its B2B channel - My Rewards Network of Suppliers.

How to buy MRI shares after it goes public?

Investors interested in buying MRI shares after it goes public will be required to sign up to a broker with access to the ASX and complete an application form providing their financial and personal details and fund their trading account through debit card or PayPal or bank transfer.

Once their trading account is funded, they can search for My Rewards shares by ticker (MRI) or company name and buy the share or postpone the purchase until My Reward share price hits their desired price.

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