Do you occasionally remember those NRMA (Now IAG), AMP or MBF shares you were “given” a few years ago and think, “I must sell them;” but you never got around to it?
Or perhaps you have shares that you purchased through an Initial Public Offering (IPO)? The most popular IPO in Australian history (in terms of number of shareholders) was Telstra; referred to at the time as T1 or T2 floats.
Equally though, we sell shares acquired in smaller IPO’s. Our service is especially useful, if you purchased shares in a number of household entities, such as in the name of a spouse, child, private company, or trust.
Some other common examples of shares that people sell through us are:
Commonwealth Bank of Australia – (CBA)
Wesfarmers Limited – (WES)
Woolworths Limited (WOW)
Medibank Private (MPL)
But, of course, we can assist you in selling any ASX listed share, without opening a share trading account. This is particularity useful, if you don’t have any other shares to sell (or buy) and you just want to sell the shares in question with minimal fuss and move on.
If you would like to get an approximate value of your shares, try our Share Valuation calculator – here.
you submit your share sale online and we complete the form for you to sign and return to us electronically!
You can use our online system to verify your ID, which saves going to the post office to save documents certified.
not an ancillary ‘afterthought’ service. Selling shares is what we do, and we do it best.
we have streamlined the process to make it as simple and as fast as possible for you to sell your shares through online submission.
no annoying answering machines, you will deal with a single person who will guide you through the share sale process.
means we get the best price when selling your shares, a detail which is often overlooked.
provides you with piece of mind that you are dealing with a market leading organisation.
An IPO (initial public offering) occurs when a company sells shares to the public and then applies to have the shares listed for trading on a stock market such as the ASX. The IPO Prospectus is a document which contains all the information investors need to know about the company; what it does, how it will make money, who’s involved, the risks of making an investment and how to purchase shares.
Example:
The website www.upcomingfloats.com.au is a great place to keep track of new ASX IPOs. Here you will find a table listing all the companies planning to list on the ASX, as well as information on closing dates, how much they are raising and links to each company’s website and prospectus.
Shares bought through an IPO application form in the prospectus either end up on a HIN (in a share trading account with a broker) or on an SRN (held with the company’s share registry). Once you have the SRN or HIN, simply contact the Sell My Shares team who can assist with the sale of your IPO shares.
For more information on finding your SRN or HIN, click here.