Selfwealth Lists on ASX
Andrew Dick
Australian fintech company Selfwealth has officially listed on the ASX today after closing its initial public offering at $7.3 million. The company, which was founded by former CBA banker Andrew Ward in 2012, provides its users with a social portfolio construction network as well as a flat fee brokerage service. In its IPO announced on 6 November, Selfwealth offered approximately 37.5 million shares priced at $0.20 per new share, implying a market capitalisation of approximately $26.1 million.
Important disclaimer: Selfwealth Ltd ABN 52 154 324 428 (“Selfwealth”) (AFSL 421789). The information contained on this website is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser and/or accountant. Taxation, legal and other matters referred to on this website are of a general nature only and should not be relied upon in place of appropriate professional advice. You should obtain the relevant Product Disclosure Statement for any product mentioned and consider its contents before making any decision.
