Top End IPO: How to invest in the energy stock?

Highlights

  • Top End Energy to list on ASX by 17 December 2021.
  • Proposed ASX:TEE IPO planned to raise AU$6.4 million.

Perth based energy firm Top End Energy Limited is soon getting listing on ASX. Top End Energy came out with its IPO to raise AU$6.4 million at AU$0.20 a share. As of now, TEE is to begin ASX trading publicly on 17 December 2021.

Where is Top End Energy’s headed?

  • Top End Energy Limited is based out of Perth and operates in the ever-relevant energy sector.
  • The company is into geothermal energy generation and even operates electricity networks in Australia.
  • Top End Energy is diversifying into low CO2 gas, renewable end products, and clean energy solutions.
  • The company has concluded its PPO retail offer today and seeks to list itself on ASX with ticker ASX:TEE.

How to invest in Top End Energy shares?

  • Top End Energy has lodged its prospectus ASIC and trading on TEE shares will begin by 17 December.
  • Its IPO was managed by lead managers Inyati Capital Pty Ltd seeking to raise of AU$6,400,000 at AU$0.20 per share.
  • The retail offer for IPO has however ended today, 2 December 2021, however, investors can buy shares from ASX post 17 December 2021.
  • ASX:TEE is as of now moving from traditional energy generation to renewable sources.
  • Before buying in however, investors must study IPO prospectus and other media information related to Top End Energy.

Bottom line-

There is a global shift in the energy sector where focus is slowly shifting towards green and clean energy sources. How successfully Top Energy Limited can use its ASX generated funding for this purpose, will only be visible in future.

Also Read: Panther Metals IPO: How to invest in this metal explorer?

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