Australian luxury clothing and accessory icons Merino & Co are looking at taking their business to new heights, with Tiger Brokers Australia offering its services to assist with the company's IPO.
Merino & Co is an established Perth-based luxury clothing and accessory company, that delivers Australian-made and manufactured Merino wool products to local and international markets. With over 600 points of sale across Australia and strong backing from the Australian Wool Network (AWN)—one of the country’s largest independent wool marketers.
Manufacturing proudly made Australian wool products since 2013, with brands MerinoSnug, Only Merino (OM) and Hysport under its umbrella, the company is one of Australia's largest merino wool apparel manufacturer.
Interest in Australian apparel brands has peaked recently amongst WA billionaires such as Andrew Forest and his wife Nicola and mining magnate Gina Rineheart. With The Forrest's company Tattarang acquiring RM Williams and Akubra and Rineheart's joint venture acquiring SKidman & Co (owners of Rossie and Driza-Bone), the Australian apparel acquisition is making waves in the Australian stock market. So, it's no surprise that interest in Merino & Co is sure to make some heads turn.
A message from Merino & Co Managing Director Fiona Yue
Source: Merino & Co
Set to commence trading on the ASX in early November 2024, the company has been supported in its IPO by Tiger Brokers Australia during the public offering. Tiger Brokers Australia is proud to work alongside such an iconic local brand, assisting it in its next phase of becoming a listed company on the Australian Securities Exchange (ASX).
What is an IPO and what does it mean for our investors?
In a nutshell, an IPO happens when a privately owned company lists its shares on a stock exchange, making them available for purchase by the general public. This means that the once private company is now converted to public ownership.
In an IPO, a privately owned company lists its shares on a stock exchange, making them available for purchase by the general public. IPOs allow for the company to have a greater ability to grow and expand, the transparency of listed companies also provides greater credibility that may help in obtaining better terms when seeking funding.
Tiger Brokers Australia has been given the opportunity to provide its clients with the chance to participate in the IPO (at the issue price point) before the stock commences trading on the ASX and allow investors to own a piece of an Australian icon. Collaborations such as these, allow Tiger to bring more investing opportunities to its client base.
Generally speaking, Tiger Brokers Australia will assist investors with Merino & Co's IPO subscription, from share subscription to allocation, and offer its clients the issue price before the stock starts trading on the ASX.
For everyday retail investors, IPO stocks are generally available to them. However, most are unaware of the IPO opportunities that exist and are only aware of the company's trading once it has been listed on the stock market. This collaboration with Tiger Brokers Australia sees the offering being made available to clients giving them access to such an opportunity and a wider range of assets.
For more information on Merino & Co's IPO, please see their prospectus.
Tiger Brokers is focused on bringing its clients new investment opportunities both in Australia and globally. This move to IPO servicing is just the next step in giving Aussie investors a wider range of investing options.
Participating in IPOs may carry higher risks due to factors such as limited track records, speculative nature, potential under or overpricing, and market sentiment shifts. Read the prospectus and other disclosure documents before trading. Tiger Brokers (AU) Pty Limited ABN 12 007 268 386 AFSL 300767
