Shape Australia Corp IPO: How to invest in the construction manager?

Highlights

  • SHAPE Australia is looking to raise AU$2 million through an initial public offering.
  •  The company intends to acquire 100% of the issued capital of SHAPE Australia Holdings before its listing. 
  • The offer to sell up to 1.02 million shares will close on 8 December 2021. 

Fit-out and refurbishment company - SHAPE Australia Corporation Ltd is looking to raise up to AU$2 million through an initial public offering (IPO) at an offer price of AU$1.96 per share. The offer to sell up to 1.02 million shares will close on 8 December 2021. 

Incorporated on 22 October 2021, SHAPE Australia Corporation Limited, along with its subsidiaries – SHAPE Australia & SHAPE Qld, is a specialised construction manager and building contractor focused on fit-out and refurbishments with selected capabilities in a new build. 

SHAPE Australia has undertaken projects in many regional cities and has permanent offices in all seven mainland capital cities -Melbourne, Sydney, Canberra, Brisbane, Darwin, Perth, and Adelaide. 

The company operates an end-to-end service and delivery model across the project lifecycle from new build, fit-out and refurbishment, and recurring minor works. 

The Group has developed expertise across a wide range of specialised industries with complex projects with its agile business model. 

The company intends to acquire 100% of the issued capital of SHAPE Australia Holdings before its listing. 

RELATED READ – How to buy an IPO before listing

Investors looking out to invest in the IPO will be required to be registered with a lead manager or a participating broker. However, the already registered investors can look for pre-listed IPO shares or buy the shares after the company goes public. 

How to buy IPD shares after it goes public?

To buy SHAPE shares after it goes public, investors will need to sign up to a broker with access to the ASX. After signing up, they will be required to complete an application form providing their financial and personal details like ID and tax file, and then they can fund their account with bank transfer or by debit card or PayPal.

Once their trading account is funded, they can search for SHAPE Australia shares by ticker (SHA) or company name. Investors can also limit orders and postpone their purchases until IPD shares reach their desired price.

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