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AU · APAC · Main
Australian Securities Exchange
ASX Ltd · Sydney · AUD
Resources and critical-minerals capital with a strong superannuation-fund base.
Eligibility · Meridian Renewables (example)
Conditional
1 requirement(s) not yet met — see eligibility below.
Min market cap
$20M
admission floor
Min free float
20%
public hands
Est. all-in
6.1%
on $700M
Time to list
18–22w
from kickoff
Regulator
ASIC / ASX
oversight
Eligibility check
✓
Market capitalisation
Requirement: ≥ $20M
$4.8B
✕
Free float
Requirement: ≥ 20%
~15%
✓
Operating history
Requirement: ≥ 0 yrs
11 yrs
✓
Profit / revenue test
Requirement: Profit or assets test
Profitable
!
Governance standard
Requirement: ASX Corp Gov
Gaps
✓
Accounting
Requirement: IFRS (AASB)
IFRS
Rules as of 2026-Q2 · source: ASX Listing Rules (ASIC, AU). Compiled summary — validate against the primary source before filing.
Fees & cost
Est. all-in · $700M raise$43M 6.1%
Underwriting spread5.0% · $35M
Initial listing feeA$0.1M
Annual feeA$0.05M
Legal · audit · IR · other$7.8M
Total all-in$43M (6.1%)
Market quality & investors
Liquidity★★★☆☆
Analyst coverage★★★☆☆
Retail participation★★★☆☆
Institutional depth★★★★☆
Index inclusion
S&P/ASX 200
Aftermarket: +10% avg first-day
Process & sectors
Typical time-to-list18–22w
RegulatorASIC / ASX
Dual / secondary listingSupported
Min public shareholders300
Sector strength
MiningEnergyTechRenewables
Notable listings: Pilbara Minerals, Pexa
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